The Caisse de dépôt et placement du Québec, the British Columbia Investment Management Corp. and the Ontario Teachers’ Pension Plan were given perfect marks for their governance, sustainability and resilience practices in a new report from Global SWF LLC.
The report ranked 200 global institutional investors based on 25 elements split among governance (10 points), sustainability (10 points) and resilience (five points).
In 2025, the report noted modest but meaningful changes with average scores staying flat at 61 per cent, with a slight decrease among governance scores. The decrease was attributed to a variety of factors including certain U.S.-based funds ceasing to issue regular environmental, social and governance updates.
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The ranking also singled out a decision by the Canada Pension Plan Investment Board to abandon its 2050 net-zero target. However, average sustainability scores are increasing among institutional investors, with seven of the 200 funds committing to net-zero goals in the past 12 months for the first time.
In addition to the three Canadian organizations, institutional investors from Australia, Ireland, Nigeria, Saudi Arabia and Singapore also received perfect scores. According to the ranking, which has been running since 2020, the Caisse and the BCI repeated their 100 per cent score from last year.
“Earning this recognition for a second consecutive year reflects our continued commitment to excellence and accountability and we’re proud to stand alongside a growing list of industry leaders,” said Gordon J. Fyfe, chief executive officer and chief investment officer at the BCI, in a press release.
Charles Emond, president and chief executive officer at the Caisse, said the recognition strengthens the investment organization’s position when it comes to climate strategy.
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