Climate Change Lawsuit Targets CPP Investments Over Pension Fund Management
A group of four young plaintiffs have filed a lawsuit against CPP Investments, a Canadian pension fund manager, alleging that the organization has failed to adequately protect pension assets from the financial risks posed by climate change. The plaintiffs argue that CPP Investments' current strategies are inadequate to mitigate potential losses stemming from climate-related risks, including extreme weather events and transition risks associated with the low-carbon economy, and are seeking to compel the organization to adopt more robust climate risk management practices, aligning its investments with the goals of the Paris Agreement.
