The Public Sector Pension Investment Board (PSP Investments, or PSP) is the investment manager for the $264.9-billion Public Service Pension Plan for 900,000+ Canadian federal employees and retirees. Climate change poses significant risks to PSP's ability to generate returns for its members, and PSP's investment decisions can affect our ability to transition to a safe, zero-carbon society. While PSP has made some efforts to incorporate climate considerations into its investment approach, it still lags behind other funds. PSP must align itself with federal and international climate targets to protect both pensions and the planet.