Canada’s largest pension fund CPPIB takes engagement approach to net-zero
CPP Investments plans to double green and transition asset investments to $130 billion by 2030 as part of its 2050 net-zero plans but will not divest from oil and gas companies.
The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment.
The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the next financial year (2023).
“We will cont…
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