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Pensions need to step up on climate as political momentum wavers, advocacy group says

An advocacy group, Shift Action for Pension Wealth and Planet Health, urges Canada's public pension managers to leverage their influence to combat climate change as political momentum declines.
Shift's report evaluates 11 major Canadian pension managers, highlighting that while some are making progress, others are backsliding on climate commitments.
Quebec's CDPQ leads with full divestment of coal and oil, while Alberta Investment Management Corp. Receives a failing grade due to politicization and a lack of climate targets.
The CPPIB is criticized for not establishing interim climate targets and increasing its oil and gas investments, despite their pushback against divestment calls.

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The Globe & Mail

Pensions need to step up on climate as political momentum wavers, advocacy group says

The group says Canada’s big pension managers need to more actively use their power and influence as Trump unravels momentum on climate action and a Canadian carbon tax policy looks to be on the way out

3 days ago·Canada

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Pensions need to step up on climate as political momentum wavers: Shift

TORONTO — An advocacy group is calling on Canada's public pension managers to use their financial heft to more publicly work to reduce climate change as political efforts become less reliable.

3 days ago

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portfolio institutional

Pension surplus offers route to growth - portfolio institutional

Higher interest rates may have left many of us worrying about our mortgages, but in boardrooms up and down the country, employers with final salary pension schemes are seeing something quite different: an opportunity to use hard-earned scheme surpluses to improve member benefits, support their sponsoring employer and, potentially, generate some growth in the UK economy. After talking for decades about a funding crisis in the nation’s £1trn defin…

3 days ago

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