
2024 Canadian Pension Climate Report Card
Webinar – Canadian Pensions and the Climate Crisis: It’s time for pension funds to lead on climate
On this page you’ll find the recording, slides, and links shared during Shift’s April 2, 2025, webinar summarizing key findings from the 2024 Canadian Pension Climate Report Card.
In this webinar, Shift: Action for Pension Wealth and Planet Health reported on the key findings from the Canadian Pension Climate Report Card, released in February 2025. The report analyzes the climate plans of eleven Canadian pension funds.
In this third edition, we found Canada’s pension sector building internal climate expertise, beginning to help portfolio companies decarbonize, and moving towards strengthening fossil fuel exclusions. However, the report also exposes a troubling divergence between leading and lagging institutions – and reveals which of Canada’s pension giants are well-positioned to step up as political headwinds and worsening climate impacts test their resolve.
In this engaging session, we dive into our findings, outline the critical steps pension funds must take on climate, showcase promising examples from Canadian and international funds, and call on Canadian pension managers to take a leadership role on climate.
The systemic risk posed by climate change is an existential thread to pension funds. As changing political tides threaten to hinder climate progress, pension funds must stand firm on their climate commitments and advocate for the policies and regulation that will protect our retirement savings in the face of this threat.
Watch the Recording
View the Slides
You can scroll through the slides below or download them here.
Links
2024 Canadian Pension Climate Report Card, Shift: Action for Pension Wealth and Planet Health
www.shiftaction.ca/reportcard2024
Detailed report card analyses for each pension manager:
Alberta Investment Management Corporation (AIMCo)
British Columbia Investment Management Corporation (BCI)
Caisse de dépôt et placement du Québec (CDPQ)
Canada Pension Plan Investment Board (CPPIB)
Healthcare of Ontario Pension Plan (HOOPP)
Investment Management Corporation of Ontario (IMCO)
Ontario Municipal Employees Retirement System (OMERS)
OPSEU Pension Trust (OPTrust)
Ontario Teachers’ Pension Plan (OTPP)
Public Sector Pension Investment Board (PSP)
University Pension Plan (UPP)
Tables
Emissions Reduction Targets
Additional Climate Targets
Fossil Fuel Exclusions
Fossil Fuel Investments
Indigenous Rights Policies
CPPIB’s fundamentally flawed decarbonization thesis for fossil fuels, Shift: Action for Pension Wealth and Plant Health
https://www.shiftaction.ca/reportcard2024/cppib-flawed-decarbonization-thesis