Cpp Investment Board

CPP Investments, headquartered in CA and operating within financial intermediation services, has set ambitious climate targets. The organisation is committed to achieving net-zero greenhouse gas (GHG) emissions across all scopes by 2050 for both its portfolio and operations. Additionally, CPP Investments aims for its operations to be carbon neutral by the end of fiscal year 2023, a goal to be achieved through emissions reduction efforts and the purchase of carbon credits, with a long-term plan to reduce the reliance on offsets.

For the fiscal year 2025, CPP Investments reported Scope 1 emissions of approximately 1,148,000 kg CO2e and Scope 2 emissions (location-based) of approximately 1,531,000 kg CO2e. Scope 3 emissions, specifically business travel, amounted to approximately 11,602,000 kg CO2e.

In fiscal year 2024, Scope 1 emissions were approximately 1,070,000 kg CO2e, with Scope 2 emissions (location-based) at approximately 1,368,000 kg CO2e. Scope 3 emissions for business travel were approximately 11,435,000 kg CO2e.

For fiscal year 2023, Scope 1 emissions totalled approximately 1,100,000 kg CO2e, and Scope 2 emissions (location-based) were approximately 1,258,000 kg CO2e. Scope 3 emissions from business travel were approximately 11,168,000 kg CO2e.

In fiscal year 2022, the company reported Scope 1 emissions of approximately 1,282,000 kg CO2e and Scope 2 emissions (location-based) of approximately 1,033,000 kg CO2e. Scope 3 emissions from business travel were approximately 1,798,000 kg CO2e.

For fiscal year 2021, Scope 1 emissions stood at approximately 1,037,000 kg CO2e, and Scope 2 emissions (location-based) at approximately 1,069,000 kg CO2e. Scope 3 emissions from business travel were approximately 197,000 kg CO2e.

In fiscal year 2020, Scope 1 emissions were approximately 1,129,000 kg CO2e, and Scope 2 emissions (location-based) were approximately 1,149,000 kg CO2e. Scope 3 emissions from business travel were approximately 16,045,000 kg CO2e.

For fiscal year 2019, Scope 3 emissions from investments were approximately 43,100,000,000 kg CO2e. Specific Scope 1 and Scope 2 data for this year are not available.

CPP Investments reported a carbon footprint for fiscal year 2025 of approximately 0.033 tonnes of CO2e per million USD in revenue. In fiscal year 2024, this was approximately 0.038 tonnes of CO2e per million USD in revenue. For fiscal year 2023, the carbon footprint was approximately 0.039 tonnes of CO2e per million USD in revenue for non-government holdings. In fiscal year 2019, the carbon intensity was approximately 0.226 tonnes of CO2e per million USD revenue.

CPP Investments' climate commitments include achieving net-zero GHG emissions across all scopes by 2050 for both its portfolio and operations. The organisation also aims for operational carbon neutrality by the end of fiscal year 2023, with a strategy to reduce reliance on offsets over time.