TORONTO, Oct. 19, 2023 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) published its 2023 Report on Sustainable Investing today. The report focuses on using our active ownership and engagement to deliver results across the investment life cycle, as well as the significant progress made on our net-zero commitment to date, all in the context of a challenging investment and economic environment.
"Investing sustainably drives value for CPP Investments and is an important factor at every stage of our investment process as we help create retirement security for generations of Canadians," said John Graham, President & CEO, CPP Investments. "CPP Investments' approach to sustainable investing contributes to our ability to compete globally and creates long-term value in the best interests of the more than 21 million contributors and beneficiaries of the Canada Pension Plan."
Successful capital deployment requires investors to consider an increasing number of factors related to business opportunities and risks, including sustainability, and CPP Investments continues to advance the integration of such factors in our investment decisions. This year, we updated our definitions of sustainability-related factors where they are material to the long-term success of companies.
"Sustainable investing means anticipating and managing sustainability-related material business risks and opportunities, including climate change," said Richard Manley, Chief Sustainability Officer, CPP Investments. "We believe that these factors are dynamic, and we consider them through the investment life cycle when they are material to the investment."
Active and Principled Owners
Our active ownership model involves engagement with our portfolio companies where we believe it will create better long-term outcomes on sustainability-related matters and, in turn, generate more value for the CPP Fund. For example, we use our shareholder voting rights to ensure alignment between our expectations of directors and their actions.
During the period covered by the report we:
Making Progress towards Net Zero
We continue to make progress on our commitment to have our portfolio and operations be net zero of greenhouse gas (GHG) emissions across all scopes by 2050. We are taking the following actions:
The full report can be downloaded here.
About CPP Investments
Canada Pension Plan Investment Board (CPP Investmentstm) is a professional investment management organization that manages the Fund in the best interest of the more than 21 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2023, the Fund totalled $575 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or Twitter.
SOURCE Canada Pension Plan Investment Board
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