Ms. Que BanhThe #Canada #Pension Plan #CPP has been lambasted by industry #watchdog #ShiftAction for dropping its 2022 commitment to invest in line with the country’s #NetZero action targets.
Shift Action said the move by the CPP investment board #CPPIB was an “unacceptable abdication of responsibility” to the 22 million #Canadians whose #retirement savings it handles and also “difficult to find” in the organization’s 2025 Annual Report, mentioned just once on the 23rd page of the report released Wednesday morning.
#CDNpoli #PensionPlans #Corrupt #ClimateAction #Irresponsible
Watchdog says pension plan dropping net-zero target a ‘failure of its fundamental purpose’
The Canada Pension Plan Investment Board backing out of 2022 pledge to invest in line with net-zero by 2050 commitment an ‘unacceptable abdication of responsibility,’ says Shift Action.