The pension fund voted against 65 directors at 35 companies whose climate-change disclosures and practices weren’t up to the fund’s standards, according to its latest sustainability report. It also influenced 35 firms to make “material commitments and improvements” on climate change. (The Logic)

Talking point: With more than $500 billion under management, CPP Investments has long touted its influence as Canada’s largest pension fund as a bargaining chip to sway companies on environmental, social and governance issues. In 2017, it started voting against chairs of boards at Canadian companies that don’t have at least 30 per cent gender diversity. This is the first year it began asking all portfolio companies for climate-related risk disclosure and mitigation plans. The policy notes it will “consider” voting against risk-committee chairs of those that don’t have those plans. The new voting policy coincides with the fund’s pledge to reach net-zero by 2050, a commitment that involves cooperation from portfolio firms.