Climate Pension Quarterly - Issue #6

The December 2022 edition of Shift’s Climate Pension Quarterly, a collection of climate finance news with a focus on pensions, is now available.

Headlines include:

• IMCO became the first pension manager in Canada to set an ambitious target for investments in climate solutions based on percentage of assets under management.

• PSP Investments’ Green Asset Taxonomy Whitepaper provided needed clarity of how the fund conceptualizes green and transition assets and their decarbonization trajectories (although questions remain).

• CPPIB’s Decarbonization Imperative report acknowledged some stark climate realities.

• University Pension Plan’s (UPP) CEO Barbara Zvan was named CEO and Corporate Citizen of the Year, in part for the spearheading of UPP's Climate Action Plan and net-zero by 2040 commitment.

• BCI’s updated climate action plan failed to demonstrate climate leadership.

• AIMCo committed to NOT set a net-zero target.

• CPPIB’s and OTPP’s newly announced Directors continued a troubling trend of fossil fuel entanglement. 

Plus:

• Planetary Pension Progress, with updates from climate-leading pensions in the United States (US), the United Kingdom (UK), and the European Union (EU);

• In the House, with news on climate finance regulation from the EU, the UK and the US; and

• What We’re Reading, a round-up of news that caught our eye this last quarter.