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Canada’s second-largest pension fund is “setting bold targets to shelter its portfolio against the impact of climate change,” writes Jacqueline Nelson for the Globe and Mail.
The Caisse de dépôt et placement du Québec “is seeking more profitable investment opportunities and means to avoid assets it forecasts will be left behind in a global marketplace being reshaped by an increasingly low-carbon world economy,” she writes, adding the “move comes as institutional investors around the world are reassessing climate risks and other so-called environmental, social and corporate governance (ESG) factors in response to stakeholder pressures, marketplace shifts and new regulations.”
Michael Sabia, chief executive officer of the Caisse, is quoted saying that the “world is changing, frankly, faster than most people expected … we need to change the way we make investment decisions.”
More: Fund setting targets to guide its investments.

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