Monday 14 February 2022

CPP Investments commits to net zero emissions by 2050

Canada Pension Plan Investment Board (CPP Investments) has made a commitment to achieve net zero carbon emissions by 2050.

In the short term, the company plans to achieve carbon neutrality in its internal operations by the end of fiscal 2023.

It has also pledged to increase current investments in green and transition assets from $67 billion (£49bn) to at least $130 billion (£96bn) by 2030.

John Graham, President & Chief Executive Officer said: “The impacts of climate change on the investment landscape are undeniable and have fundamentally transformed the nature of business risks and opportunities. As a capital provider and partner and with our experience, expertise and financial resources, we recognise the valuable contribution we can make to this challenge.

“Committing our portfolio and operations to net zero by 2050 will help us manage the risks, capture the opportunities, and deliver on our public purpose – to help generations of Canadians build financial security in retirement.”