The Ontario-based think tanks say Canadians are increasingly concerned about how climate risk is being managed by those overseeing their pensions.
"There is a significant transparency gap in determining what type of progress is being made, and whether these pledges will ring hollow," the study's authors wrote. "CDPQ is a leader in terms of climate targets and transparency," a spokesperson for Caisse de dépôt et placement du Québec, manager of nearly $420 billion in assets, toldin an email on Thursday."We have been reporting our carbon intensity annually since 2017, and the value of our green assets in our portfolio.
"The strategy's commitments and implementation plans are lacking in clarity, but it's clear that PSP is listening to the growing concerns of beneficiaries and beginning to recognize the scale and urgency of the climate crisis," Shift Action said in a statement.