Ontario Teachers Pension Plan Sustainability Profile
The Ontario Teachers' Pension Plan (OTPP), headquartered in Toronto, Canada, is a leading global investor in the pension fund industry. Established in 1990, OTPP manages the retirement assets of Ontario's teachers, serving over 300,000 members. With a focus on long-term investment strategies, the plan has achieved significant milestones, including a robust portfolio that spans various sectors such as infrastructure, real estate, and private equity. OTPP is renowned for its innovative approach to sustainable investing, setting it apart in the competitive landscape. As one of the largest pension funds in the world, it consistently ranks among the top performers, demonstrating a commitment to delivering strong returns while prioritising responsible investment practices. With a strong market position, OTPP continues to shape the future of pension fund management in Canada and beyond.
DitchCarbon Score
How does Ontario Teachers Pension Plan's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ontario Teachers Pension Plan's score of 51 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ontario Teachers Pension Plan's reported carbon emissions
In 2024, the Ontario Teachers' Pension Plan (OTPP) reported total carbon emissions of approximately 12,887,000 kg CO2e. This figure includes Scope 1 emissions of about 537,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of around 520,000 kg CO2e, mainly from purchased electricity. The majority of their emissions, approximately 11,830,000 kg CO2e, fall under Scope 3, predominantly from business travel. Comparatively, in 2023, OTPP's total emissions were about 8,944,000 kg CO2e, with Scope 1 at 405,000 kg CO2e, Scope 2 at 290,000 kg CO2e, and Scope 3 at 8,249,000 kg CO2e. This indicates a significant increase in emissions year-on-year, particularly in Scope 3. OTPP has set ambitious climate commitments, aiming for two-thirds of its portfolio's carbon emissions to be covered by credible, science-based net-zero plans by 2025, and 90% by 2030. Additionally, they have a long-term goal of achieving net-zero emissions from investment activities by 2050. Interim targets include a 45% reduction in portfolio carbon emissions intensity by 2025 and a 67% reduction by 2030, using 2019 as the baseline year. These commitments reflect OTPP's proactive approach to addressing climate change and aligning with global sustainability standards.
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| 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 521,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 226,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 8,714,000 | 0,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Ontario Teachers Pension Plan's Industry?
How Carbon Intensive is Ontario Teachers Pension Plan's Location?
Ontario Teachers Pension Plan's Scope 3 Categories Breakdown
Ontario Teachers Pension Plan's Scope 3 emissions, which increased by 43% last year and increased by approximately 36% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Ontario Teachers Pension Plan's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ontario Teachers Pension Plan has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
