The Ontario Pension Board scored at or above the median for the Principles for Responsible Investment Reporting Framework assessment tool, according to its latest sustainability report.
The OPB earned its highest score (87 per cent) for its policy governance and strategy, followed by passive listed equity and active listed equity, both at 81 per cent. The scores are based on the reporting of responsible investing activities from the most recent year.
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The Investment Management Corp. of Ontario grew the proportion of its investments in climate solutions to 11.5 per cent of the overall portfolio as part of a larger commitment to a net-zero target and a 2030 target of deploying 20 per cent of the portfolio in climate solutions.
As the administrator of the Public Service Pension Plan, the OPB works alongside the IMCO to oversee the investment of the plan’s assets and integrate sustainability in the investment plan. Between June 2023 and December 2024, the OPB board participated in two dedicated sustainability education and strategy sessions.
In a joint statement, Geri Markvoort, board chair at the OPB, and Darwin Bozek, president and chief executive officer at the OPB, said as sustainability best practices evolve, the organization will emphasize effective governance and manage climate risks within their investment portfolio.
“We firmly believe sustainability is the right thing to do for all our stakeholders and it is essential to keeping our pension promise today and tomorrow.”
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