Canada’s biggest public pension funds manage over $2.7 trillion.
Their investment decisions influence whether businesses in Canada and around the world build electricity grids and solar panels, or LNG terminals and oil pipelines.
At the same time, these pension funds’ ability to generate returns for their members over the long-term depends on a stable climate.
That’s why Shift works with pension members and beneficiaries to protect pensions and the planet.
Canadian Pension Climate Report Card
Shift’s annual Canadian Pension Climate Report Card is an independent benchmark for evaluating the quality, depth and credibility of climate policies and strategies for 11 of Canada’s largest pension managers.
The fourth edition, released in January 2026, reveals a stark and widening divide across Canada’s pension sector. While climate leaders are advancing ambitious strategies, scaling up climate investments and embedding climate risk into portfolio decisions, backsliders are going quiet on climate, retreating from commitments and expanding fossil fuel exposure.
Report cover image credit: Jim Peaco / National Park Service.
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