Register for Shift’s Canadian Pension Climate Report Card webinar

This is a friendly reminder and invitation to join us at 12:00 p.m. ET / 9:00 a.m. PT on Wednesday, February 8th for a webinar on the Canadian Pension Climate Report Card. In this free, one-hour webinar, we’ll summarize key report findings, outline what actions Canadian pension funds still need to take on climate, highlight promising examples from both Canadian and international leaders, and give you a sense of how the Canada Pension Plan stacked up.

Register for Shift’s Canadian Pension Climate Report Card webinar

Like over 21 million working and retired Canadians outside of Quebec, you’re a member of the Canada Pension Plan (CPPIB), our half-trillion dollar national retirement fund. You can learn more about the score received by our national pension manager by reading a detailed analysis of the CPPIB.


CPPIB received an overall score of C-, ranking in the middle of eleven Canadian pension managers we analyzed.


Scoring details from the CPPIB’s climate report card:

  • C for committing to net-zero emissions by 2050 (including scope 3 emissions), but without short or mid-term targets.
  • F for not yet having set interim emissions reduction targets to measure progress toward net-zero. CPPIB’s target to invest $130 billion in climate solutions by 2030 lumps together “green and transition assets.”
  • B for acknowledging the financial risks of climate change and the role of investors in addressing the climate crisis.
  • C+ for using climate-related engagement tools and setting expectations for portfolio companies, but CPPIB does not require companies to have credible decarbonization strategies.
  • C+ for above-average disclosure and significant analysis of climate risks, but one-third of the CPPIB Board of Directors is entangled with the fossil fuel industry.
  • F for a lack of exclusions on investments in oil, gas, coal and pipelines.
  • CPPIB has no Indigenous rights policy.   
  • CPPIB also won the gold star for greenwashing for its alarming and ongoing pattern of communications, investment decisions and stewardship approaches that misrepresent the potential for the oil and gas industry to align with CPPIB’s stated climate obligations. This includes the obfuscation of its investments in fossil fuels and climate solutions, the actions of its privately-owned companies to greenwash their operations and prolong the use of fossil fuels, and an overreliance on unrealistic assumptions for carbon capture utilization and storage and offsets in achieving climate objectives.

The CPPIB could improve its score by setting Paris-aligned interim emissions reduction targets, using timebound engagement criteria that escalates to divestment to ensure companies rapidly develop credible net-zero pathways, tying staff compensation to the achievement of climate targets, and ending investments in fossil fuels, among other recommendations.

Dive into the data by reading our detailed analysis of the CPPIB.

Want to learn more about the CPPIB’s approach to the climate crisis and how it compares to other pension funds in Canada and around the world? Join us on Wednesday, February 8th at 12:00 p.m. ET / 9:00 a.m. PT for a free, one-hour webinar on the Canadian Pension Climate Report Card.


Register for Shift’s Canadian Pension Climate Report Card webinar

Together, we’re pushing Canada’s national pension manager to protect our retirement security and treat climate change like the emergency that it is. We can’t do this critical work without you. Please read more about the CPPIB’s climate score and join us for a free webinar and discussion on Wednesday, February 8th.



The #ShiftCPP team
Patrick, Laura and Adam

P.S. You may have joined our movement by sending a letter to your workplace pension plan. But all working and retired Canadians outside of Quebec are also members of the Canada Pension Plan. If you haven’t already, send a letter to the CPP asking our national retirement fund to protect our pensions and the planet.

Wednesday, February 8, 2023 - 09:00