The Canada Pension Plan Investment Board’s (CPPIB) renewable-energy holdings topped $3 billion in June, more than doubling the assets it held in the sector a year earlier and up from $30 million in 2016.
Along with its more than hundredfold increase in renewable-energy investment in just three years, CPPIB has started screening all new investments in its $400.6-billion portfolio for risks and opportunities linked to climate change, according to the pension fund’s latest report on sustainable investing.
