Canada’s CPP Investments [C$409.6 billion pension fund] Sustainable Investing Policy: Update Reinforces ESG Role in Long-Term Value Creation.
“Integrating ESG factors, including climate change, into investment analysis and asset management activities supports the organization’s clear legislative objective: to maximize long-term investment returns without undue risk of loss.”
[COMMENTARY] I’ve included this item to contrast this highly successful — and one of the world’s largest — pension funds, with the recent US Department of Labor’s ruling endeavoring to limit the use of ESG in US pension funds!
CPP Investments Sustainable Investing Policy: Update Reinforces ESG Role in Long-Term Value Creation, press release, July 23, 2020,Canada Pension Plan Investment Board, Canada.