Pensions, Climate Risk and the Law: The Legal Case Against the Canada Pension Plan Investment Board

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Join Shift: Action for Pension Wealth and Planet Health for a discussion on the landmark legal case launched in October 2025 by four young Canadians against the Canada Pension Plan Investment Board (CPPIB, or CPP Investments).

With representation from environmental law charity Ecojustice and legal firm Goldblatt Partners LLP, the applicants allege that CPPIB is failing to protect the long-term financial interests of Canadians by not adequately managing the systemic risks that climate change poses to the Canada Pension Plan. 

The legal filing argues that CPPIB is breaching its duties by continuing to invest billions in fossil fuel companies – the very industries driving the climate crisis – without sufficient evidence of effective risk mitigation or alignment with a livable climate future. The applicants are asking the court for declaratory relief to affirm that CPPIB must act in the best interests of both current and future beneficiaries by addressing climate-related financial risks head-on.

The case marks a pivotal moment at the intersection of youth climate action, fiduciary duty, and the future of Canada’s national pension fund.

This case arrives at a moment when climate impacts are worsening and climate-related financial risks are multiplying, and, despite political headwinds, the global energy transition is accelerating. It challenges one of the largest pension funds in the world to align its investment decisions with the long-term interests of Canadians and the health of the planet.

Join us to unpack what this legal action could mean for the future of our pensions – and why young Canadians are turning to the courts to protect their financial and climate future. Register now.