CPP Investments

Responsibility for implementing its sustainability strategy is delegated to specific functions, teams, or committees within the organization. CPP Investments publishes an engagement or stewardship report outlining the outcomes of its efforts to address sustainability impact topics. Its stewardship policy establishes criteria for defining successful outcomes, outlines escalation routes for unsuccessful engagements, and specifies the timing for such escalations.

The institution actively monitors its Scope 1-2 emissions and tracks emissions associated with its financing activities under Scope 3, category 15.

The assessed entity has a publicly available statement on ILO fundamental rights at work, but lacks a formal policy approved by its highest governance body. There are opportunities to include anti-bribery and anti-corruption clauses in contracts and to disclose a policy against political contributionsRecommendations include conducting third-party assurance for target reporting, linking senior executive remuneration to sustainability targets, and outlining expectations for portfolio companies regarding ESG factors, although no connection to its own sustainability strategy is evident. There is no disclosure of monetary amounts related to high-emitting and fossil fuel sectors. It is advised to monitor scope 3 categories, detail the methodology for footprint calculations, and establish a transition plan for operations and supply chains. Emissions should align with interim targets, and a breakdown of clients by income group is recommended, along with processes to avoid negative impacts on low-income countries. Risk assessments should include ILO rights risks, with mitigation processes in place. Additionally, identifying social risks related to the net zero transition is advised, along with providing examples of actions taken on salient human rights issues from recent assessments..

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.