Shift’s 2nd annual Canadian Pension Climate Report Card, released February 27, 2024, analyses the climate policies and strategies of Canadian pension funds based on public information disclosed to December 31, 2023.
Watch a recorded webinar about the report card findings here.
Shift’s annual Canadian Pension Climate Report Card is an independent benchmark for evaluating the quality, depth and credibility of climate policies for 11 of Canada’s largest pension managers.
This second edition finds that despite incremental progress, Canadian pension funds remain off track, especially compared to international peers. Far more work is needed to ensure Canadian pension managers fulfill their fiduciary duty to invest in plan members’ long-term interests and protect Canadians’ retirement security in a pathway aligned with the Paris Agreement goal of limiting global heating to 1.5°C.
For interview requests, questions or comments, please contact info@shiftaction.ca.
Read the Report
Click to download the report, read the media release, view the methodology and download the analyses for 14 pension managers.
View the report’s tables for a summary of information for 11 Canadian pension managers:
Dive into Each Pension Manager’s Climate Scores
Click on your pension fund for a detailed analysis of its climate scores.
For the Canada Pension Plan, select CPPIB.
(Need help finding your pension fund’s acronym? See here.)
Canadian Pension Funds and Indigenous Rights Policies
Three pension managers have articulated some alignment with the United Nations Declaration on the Rights of Indigenous Peoples in their Proxy Voting Guidelines. Six pension managers have no disclosed policy pertaining to their investment or stewardship decisions and Indigenous rights.
Pension Beneficiaries Can Take Action Now
Your pension managers need to hear from you.
Let them know that you care about how your pension savings are invested. Tell them that you want your retirement savings invested in a safe climate future for yourself, your family, and your community. Pension managers must fulfill their fiduciary duty to invest in plan members’ best long-term interests and protect your retirement security in a world that limits global heating to 1.5°C. Write to your pension manager now to share your concerns.