The CPP Investments veteran will also maintain her role as senior managing director and global head of real assets. (The Logic)

Talking point: Under Orida, the fund’s sustainable-investing group will move from the active-equities department to real assets. “We are focused on seizing the tremendous investment opportunities, as well as managing the risks, brought about by climate change,” said president and CEO John Graham in a statement. CPP Investments is one of few institutional investors in Canada that hasn’t committed to net-zero emissions in its portfolio by 2050. While Canada’s largest pension fund joined other investors last year in urging portfolio firms to disclose their environmental, social and governance (ESG) risks, it was absent from a more recent investor call for better climate action from businesses. CPP Investments has carried out climate stewardship in different ways, however, including through proxy voting on shareholder resolutions and investing in sustainable assets.