Canadian Press
The Ontario Teachers’ Pension Plan Board says it is committing to achieving net-zero greenhouse gas emissions by 2050 with a slew of climate-friendly promises.
Canada’s largest single-profession pension plan says in the coming weeks it will establish concrete targets for portfolio emissions and ensure companies it invests in report emissions annually.
The pension plan manager says it will direct proceeds from a green bond offering towards climate-friendly investment opportunities and advocate for clear climate policies with the help of global organizations it will partner with.
The promises come weeks after an environmental coalition launched a campaign encouraging the board to divest from companies that develop or transport fossil-fuel products.