British Columbia Investment Management Corporation sets climate-related targets for public markets
VICTORIA, BC, Feb. 19, 2021 /PRNewswire/ Today, British Columbia Investment Management Corporation (BCI) announces a commitment to five-year climate-related targets for its public markets program. The near-term targets represent a significant step by the leading provider of investment management services to British Columbia s public sector to further benefit from the opportunities and address the risks associated with climate change.
BCI will target a cumulative $5 billion investment in sustainability bonds by 2025 (based on initial participation) and reduce the carbon exposure in its global public equities portfolio by 30 per cent by 2025 (using 2019 as a baseline).