The Canada Pension Plan (CPP) is no longer maintaining its commitment to achieving net-zero emissions by 2050.
The $700 billion plan’s investment board (CPPIB) said May 21 on its website that while achieving net-zero emissions remains a widely adopted goal for many countries, companies, and international organizations, it presents “both risks and opportunities for long-term investors.” It said “recent legal developments in Canada” have changed how net-zero commitments are interpreted.
