Ontario Teachers’ releases 2019 Climate Change Report
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today released its second Climate Change Report, written in accordance with the recommendations set by the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD). The report provides detailed information on Ontario Teachers’ practices for assessing and managing climate-related risks and opportunities.
Highlights from this year’s report include:
- Details on the ongoing efforts across the organization, highlighting the collaborative work underway to evolve our climate change approach and ambitions;
- A Q&A with Chair Steve McGirr that describes how the board engages on climate change;
- A spotlight on our initiative with Wellington Management Company LLP, a leading asset manager, and Woods Hole Research Center, the world’s top-ranked climate change think tank, to bring climate science deeper into our investment decisions; and,
- Our first independently assured portfolio carbon footprint.
“As a large institutional investor, we know that we must play a part in facing the daunting challenge posed by climate change. We do this by assessing and managing climate-related investment risk, pursuing attractive climate-friendly opportunities and using our influence as active owners to encourage positive change,” said Ziad Hindo, Chief Investment Officer at Ontario Teachers’. “Our second Climate Change Report demonstrates the breadth of activities we are undertaking to improve long-term investment returns and keep the plan sustainable for current and future members.”