The OPSEU Pension Trust is targeting a 30 per cent reduction in its carbon footprint by 2030, according to its new climate change report.

It found that since 2018, when the investment organization first launched its climate action plan, it has increased its exposure to federal and provincial green bonds to $550 million. OPTrust also expects to achieve real emissions coverage for more than 50 per cent of its portfolio value by 2025.

Read: OPTrust, Vestcor lay out climate change, responsible investment strategies

Additionally, the organization is reducing its carbon footprint from a 2022 baseline and it plans to implement enhanced climate due diligence of new investments and external investment partner commitments by 2025. It also plans to prioritize climate due diligence and data integration in 2024 and will take steps to further identify and track green and transition assets as well as carbon-intensive ones.

“We understand the urgency of the climate crisis to ensuring the long-term sustainability of our investments,” said Peter Lindley, president and chief executive officer at the OPTrust, in a press release. “Building extensive data and meaningful targets into our investment process helps us ensure that we will have a sustainable pension plan for generations to come.”

Read: OPTrust posts 2.2% net losses in 2022, remains fully funded