2025 Canadian Pension Climate Report Card
Stichting Pensioenfonds ABP (ABP)
ABP pledges to act in line with the Paris Agreement and clearly acknowledges that investors must take “significant additional efforts” to meet Paris Agreement goals (p. 7). The fund has committed to reduce absolute greenhouse gas emissions in all asset classes by 50% below 2019 levels by 2030, including scopes 1, 2 and 3 (p. 4). ABP has committed to invest €30 billion in the climate transition by 2030, including €10 billion in climate-related impact investments (p. 4). Further, the fund has committed to invest at least €10 billion in nature and biodiversity by 2030, including €1 billion in impact investments (p. 6).
ABP’s Climate Policy sets high expectations for owned companies, stating that it will invest “only in businesses that do not make any products or provide any services with which damage to the climate is inextricably bound,” and will require companies with a large climate impact to have Paris-aligned targets (p. 4). In 2025, ABP reported on the CO2 footprint for 94% of the portfolio, including scopes 1, 2 and 3 (p. 5). Since October 2021, ABP has excluded investments in fossil fuel producers. The majority of these companies were divested from ABP’s portfolio in 2023 (p. 181).
Shift completed a detailed analysis of ABP in 2024, which you can access below.
OVERALL SCORE
A-
Paris-Aligned Target
A
Interim Targets
A
Climate Urgency
A
Climate Engagement
B+
Climate Integration
B
Fossil Fuel Exclusions
A-
ABP is a pension fund for government and education employees in the Netherlands, and is among the five largest pension funds in the world. Around one in six people in the Netherlands currently receive or will receive a pension from ABP. The administration of the pension scheme is placed with APG Groep NV, in which ABP holds 92.16% of shares.
Assets Under Management (AUM): €532 billion ($869.6 billion CAD) (September 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.
View another pension fund manager
