BC is experiencing the devastating impacts of climate change in real time, including unprecedented wildfires, devastating heat domes, and flooding that has caused billions in damages. Climate impacts are not some distant threat for BC, but a current reality. Yet BCI continues to lag behind other Canadian and international pension funds on its approach to the climate crisis. Read Shift’s climate and energy analysis of BCI’s 2024-2025 Annual Report.

The Ontario Teachers’ Pension Plan (OTPP) 2024 Annual Report, includes an update on the fund’s climate strategy. OTPP continues to make progress on its climate strategy and invest in opportunities that “help to accelerate the broad transition to a low-carbon future.” But the pension manager’s most recent annual report comes a month after OTPP fell out of the top three spots on Shift’s 2024 Canadian Pension Climate Report Card because of its lack of ambition and continued investments in high-risk fossil fuels.

HOOPP has lagged its peers on climate, but is finally laying the groundwork needed to catch up. Shift Action for Pension Wealth and Planet Health is encouraged to see the fund finally starting to develop and announce pieces of a credible climate strategy.