2025 Canadian Pension Climate Report Card
Alberta Investment Management Corporation (AIMCo)
In last year’s report card, AIMCo became the first pension fund to receive an overall F. In 2025, AIMCo remains at F while also seeing its already low scores fall further on Communication of climate urgency and Climate engagement.
AIMCo’s 2024 annual report does not acknowledge climate change or climate-related risk, nor does it mention that the investment manager published a climate approach in February 2024 – before the Province of Alberta interfered with the makeup of the board and senior leadership. It is unclear if the February 2024 climate approach was ever operational.
AIMCo did not issue climate-related financial disclosures in 2024 or 2025, despite such disclosures being material information that speak to the long-term health of AIMCo-managed pension funds. The Alberta pension manager's February 2024 Responsible Investment Policy stated that it is committed to timely and accurate disclosure, including climate-related disclosures.
OVERALL SCORE
F
Paris-Aligned Target
F
Interim Targets
F
Climate Urgency
D-
Climate Engagement
F
Climate Integration
F
Fossil Fuel Exclusions
F
AIMCo is the investment manager for Alberta government, endowment and specialty funds, and for the province's public pension plans. Those pensions include the Alberta Teachers' Retirement Fund, Local Authorities Pension Plan, Public Service Pension Plan and pension funds for provincial management employees, judges and special forces.
Assets Under Management (AUM): $182.9 billion (June 30, 2025)
The 2025 Canadian Pension Climate Report Card analyses, assesses and ranks the progress made by eleven of Canada’s largest pension managers and two international pension managers in their approach to climate risk and investment decisions as they relate to the climate crisis. The report is based on publicly available information to December 31, 2025. Cover image credit: Jim Peaco / National Park Service.
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