The pension fund, which manages $25 billion in assets for the OPSEU Pension Plan’s 100,000 members, said its portfolio will achieve net-zero emissions by 2050 “to manage the risks and seize the opportunities of a transitioning global economy.” It’s the eighth pension fund manager to set a net-zero target. (The Logic)

Talking point: The fund has been assessing its climate risk for years leading up to its official net-zero commitment, starting with a pilot in 2018. It published a scenario analysis Tuesday showing climate change will surely increase the pension’s funding risk, but less so under a circumstance involving immediate emissions-reductions efforts. In a statement, Shift Action, an advocacy group for climate-friendly investing, welcomed the plan, but called on OPTrust to disclose its carbon footprint and set interim targets for reducing emissions intensity  and phasing out fossil fuel assets.