Shift: Action for Pension Wealth & Planet Health

A growing number of pension managers are calling on asset managers to push for policymakers, governments and the financial industry to address climate change & nature loss, & protect the financial, environmental & social systems that drive long-term investment performance.

The asset owners’ statement calls on asset managers to make climate policy engagement core to their stewardship strategies, require companies to have ambitious climate targets & credible plans, & escalate their engagement of sectors & companies dependent on fossil fuels.

/1 🚨 Shift has submitted a brief calling on Parliament to reject Bill C-39 in its entirety. Bill C-39 represents an egregious rollback of environmental protections, Indigenous rights and public accountability — all under the guise of getting major projects built.

/2 Bill C-39 would allow potentially irreversible environmental harm before assessments are complete, expand sweeping ministerial powers, and undermine meaningful Indigenous consultation. These changes threaten the laws that protect people, wildlife and the natural environments we all depend on.

The Canada Pension Plan Investment Board manages almost $900B in our retirement savings. Across Canada, people are asking questions about its investments and their impacts on climate and Indigenous rights. Now it's Atlantic Canada's turn. 🧵

Last week, climate-concerned Canadians & Indigenous leaders confronted CPPIB executives at public meetings in Vancouver & Ottawa, urging them to disclose a credible climate strategy, stop investing in fossil fuels, and develop an Indigenous rights policy.

Both meetings ended with attendees accusing CPPIB of “stonewalling” their questions and briskly ending the meeting while dozens waited to speak. But six more CPPIB public meetings are scheduled over the next three weeks, including meetings in Winnipeg on Wednesday and Saskatoon on Thursday.

The Canada Pension Plan Investment Board (CPPIB) is making a risky bet on gas to power the build-out of data centres for AI -- contradicting its own Climate Change Principles, crowding-out renewable energy, and locking-in carbon pollution for decades. #cdnpoli

The Canada Pension Plan Investment Board (CPPIB) is about to host public meetings and answer to Canadians. We imagined how they’re getting ready. youtube.com/shorts/U-2xJ...

Canadians are calling for CPPIB to disclose a credible climate plan, end investment in fossil fuel expansion, and respect Indigenous rights. Sign the petition before CPPIB’s upcoming public meetings! win.newmode.net/shiftaction/...

CPPIB’s public meetings start in under two weeks. Since the last round, it has dropped its net-zero commitment, put $6B into fossil fuels in 2025 alone, been hit with a climate-risk legal challenge, and still has no Indigenous rights policy.

Just last week, CPPIB co-hosted the Canada Investment Summit and announced a $50-billion investment fund with Brookfield focused on “critical infrastructure and strategic industries across Canada”. As its influence grows, so do the stakes for our retirement savings and for the climate.

A federal court has ruled that a case brought by young Canadians to hold the federal government to account for a plan to achieve its climate targets can proceed to a hearing. The government had sought to strike the case before it could proceed to a full hearing #cdnpoli

The court’s decision is a positive signal for another significant case: the climate lawsuit launched against CPPIB. Young Canadians are taking CPPIB to court, arguing that it's failing to adequately manage climate risks while investing billions in fossil fuel expansion.

Former prime minister Stephen Harper, now chair of the Alberta Investment Management Corporation (AIMCo), closed the Canada Investment Summit, which drew over 250 high profile investors to Canada to get pitched on projects from fossil fuels to clean energy.

Our take on the Canada Investment Summit: the government is shopping around at least 11 fossil fuel projects while Canadians are picking up after climate disasters and the government’s own experts are warning that the country could experience temperatures 5 degrees above average.

Summit co-hosts the Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP) are 2 of the Canadian pension managers least likely to speak forthrightly about the financial risks of fossil fuel expansion - neither has a publicly-disclosed climate strategy.

The Canada Pension Plan Investment Board (CPPIB) is making a risky bet on gas to power the build-out of data centres for AI -- contradicting its own Climate Change Principles, crowding-out renewable energy, and locking-in carbon pollution for decades. #cdnpoli

Happy Labour Day! Thank you to labour unions for continuing to fight to make people’s lives better. Unions have long fought for workers’ retirement security, helping to build the pension funds that now manage the retirement savings of millions of Canadians.

A case filed against the Canada Pension Plan Investment Board is at the forefront of a global trend of financial institutions facing climate litigation for breaching fiduciary duty and financing activities that are not aligned with climate action. #cdnpoli

In October 2025, four young Canadians filed a lawsuit against CPPIB, claiming it is breaching its duty to invest in their best interests and failing to protect their pensions from climate risk, while investing billions in fossil fuel expansion. #cdnpoli

Pension funds are partnering on investments with First Nations groups - but it’s unclear if pension funds are also evaluating these investments in light of climate impacts and climate-related financial risk. #cdnpoli

Pension managers have a legal obligation to invest in the best interests of their beneficiaries. Investments that violate Indigenous rights and/or threaten climate stability can have a material impact on a pension manager’s ability to generate long-term returns.

Pension funds are partnering on investments with First Nations groups - but it’s unclear if pension funds are also evaluating these investments in light of climate impacts and climate-related financial risk. #cdnpoli

Our new report, Indigenous Rights and Canadian Pension Funds, found examples of at least 4 pension managers (inc. Canada Pension Plan Investment Board) partnering with First Nations groups on fossil fuel investments, inc. pipelines that enable #oilsands extraction, a gas pipeline & a gas plant.

The climate disclosure released this month by the Canada Pension Plan Investment Board (CPPIB) appears to be a response to the climate litigation launched against CPPIB last year. But it provides little indication that CPPIB is treating climate change with the urgency or gravity that's required.

Canadians are facing the impacts of climate change right now, and it’s difficult for young Canadians in particular to understand how CPPIB can claim to protect their retirement security when it has no publicly disclosed strategy to navigate the climate crisis. www.shiftaction.ca/news/2026/6/...

None of Canada’s large pension managers - including the Canada Pension Plan Investment Board - have public investment policies aligned to #UNDRIP and FPIC. Write to the Canada Pension Plan about Indigenous rights: #cdnpoli www.shiftaction.ca/indigenous-r...

Policies aligned with Indigenous rights would provide critical guardrails, protecting our pensions from legal, financial and reputational risks that arise when the principle of free, prior and informed consent isn’t upheld.

None of Canada’s large pension managers - including the Canada Pension Plan Investment Board - have public investment policies aligned to #UNDRIP and FPIC. Write to the Canada Pension Plan about Indigenous rights: #cdnpoli www.shiftaction.ca/indigenous-r...

New report from Shift: Indigenous Rights and Canadian Pension Funds. www.shiftaction.ca/indigenousri... ➡️

None of Canada’s large pension managers have public investment policies showing that they’re ensuring their investments align with the United Nations Declaration on the Rights of Indigenous Peoples and its core principle of free, prior and informed consent.