Statement: Pension funds gamble on their members’ future with risky LNG Canada investment
By investing billions in LNG Canada through American private equity funds, four of Canada’s largest pension funds have ignored their core obligations to their contributors and beneficiaries. These pension funds are gambling their own members’ retirement savings on a high-risk, highly-polluting LNG facility that’s harming local residents and contributing to catastrophic climate change.
Statement on IMCO’s new Climate Action Plan and commitment to phase out investment in new fossil fuels
Today, the Investment Management Corporation of Ontario (IMCO) took a big step towards a credible plan that can put it on track to meet its “net-zero by 2050 or earlier” commitment. IMCO’s new Climate Action Plan underscores growing acknowledgement from Canadian pension managers that investments in fossil fuels must be phased out to protect the global climate and beneficiaries’ retirement security.
Statement on IMCO's 2021 ESG Report
IMCO is taking the first steps towards building a credible climate plan. It has committed to net-zero emissions across its portfolio by 2050 or sooner, but still needs to set interim targets to reduce the emissions of its portfolio and scale up investments in climate solutions.
Statement on the Investment Management Corporation of Ontario’s commitment to net-zero by 2050
We are pleased to see IMCO join the growing ranks of global asset owners and managers committing to change their investment strategies to ensure the retirement savings of Ontario public employees are invested in a safe climate future.