US EditionCPP Investments accused of failing to properly factor climate risk
Plaintiffs argue CPP Investments is breaching fiduciary duty by underestimating climate risks and investing $22.6 billion in fossil fuels, exposing contributors to financial loss, lawsuit claims.
- A lawsuit filed by four young Canadians alleges the Canada Pension Plan investment manager is breaching its duty by failing to properly consider climate change risks.
- The plaintiffs argue CPP Investments is underestimating climate change's financial implications and worsening the harm by investing in fossil fuel expansion.
- CPP Investments says it has a rigorous approach to climate risk but will defend its ability to maximize returns for 22 million Canadians' retirement security.
16 Articles
16 Articles
Never before has so much nature been destroyed worldwide as in the past decades. It is high time to consider our environment and its achievements not as a free resource, but as valuable capital. Otherwise, our prosperity is threatened.
Young Canadians accuse the Canada Pension Plan of mismanaging climate risks
In lawsuit filed Monday, four young Canadians allege the Canada Pension Plan is mismanaging their retirement savings by underestimating climate-related financial risks — the first legal challenge of its kind.
CPP Investment accused of failing to properly factor climate risk (Business)
Canada's largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk. The four allege in a lawsuit filed Monday that the investment manager for the Canada Pension Plan is breaching its duty to invest in their ...
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