Don’t let the Canada Pension Plan abandon its net-zero commitment

The Canada Pension Plan safeguards the futures of 22 million hardworking Canadians – from teachers and nurses to tradespeople and tech workers – and retirees who’ve paid in over a lifetime. With over $714 billion of our retirement savings, it’s one of the largest investment funds in the world – and it has the power to help drive the global transition away from fossil fuels.

 

In 2022, our national pension manager committed to reaching net-zero emissions by 2050. But in May 2025, the Canada Pension Plan Investment Board (CPPIB) quietly abandoned that promise, putting our retirement security and climate future at risk.

This is worse than a broken promise. It’s a failure of responsibility. CPPIB is legally bound to protect long-term returns without taking on undue risk. But a future shaped by 3.1°C of global warming – the path the world is currently on – threatens not just portfolio performance, but the very survival of the Canada Pension Plan itself.

Working Canadians under 40 won't retire until well after 2050. They are counting on a pension fund that can withstand a future shaped by climate change – not one that fuels it.

For more information see our statement here.