Introducing our Responsible Investment Policy for CPP & MPP

The Pension Board believes integrating environmental, social, and governance (ESG) factors into investment decisions supports risk management, aligns with their fiduciary responsibilities and can enhance long-term financial performance. Responsible investing requires managing risks and identifying opportunities that create value for Plan members.

To support this, the Board developed and adopted a Responsible Investment (RI) Policy for the Combination Pension Plan and the Money Purchase Pension Plan.

Our New Policy at a Glance

The policy outlines the Plan’s commitments and approach to incorporate ESG factors into investment decisions and activities to strengthen long-term returns while acknowledging broader impacts on society and the environment. Because healthy economies, stable societies, and a livable climate underpin long-term returns, climate change is a central focus. The Plan supports the goals of the Paris Agreement and aims to align investments with an objective of a low-carbon transition, including monitoring greenhouse gas (GHG) emissions across the portfolio.

Our approach is aligned with the UN Principles for Responsible Investment, emphasizing ESG integration, active ownership, transparency, and collaboration. We work closely with current and prospective external investment managers to ensure ESG factors are embedded in due diligence, monitoring, proxy voting and corporate engagement. Managers report annually on how they address ESG risks and opportunities and how they use their influence to drive positive change. They also report on their GHG emissions and other metrics where available for the Board to evaluate.

Rather than broadly excluding investments, we focus on engagement and stewardship through our managers. This means encouraging companies to improve their practices, supporting transparency and using voting rights to promote sustainability. By holding managers accountable and escalating issues, when necessary, we aim to protect and grow long-term value and contribute to a more resilient economy and society.

View the full Responsible Investment Policy