Ontario Teachers Pension Plan

Ontario Teachers' Pension Plan (OTPP), based in Canada, reported total carbon emissions of approximately 8.79 million kg CO2e in 2025. This figure comprises about 340,000 kg CO2e from Scope 1 emissions, 607,000 kg CO2e from Scope 2 emissions, and 7.85 million kg CO2e from Scope 3 emissions. Notably, approximately 7.83 million kg CO2e of Scope 3 emissions were attributed to business travel. In 2024, OTPP's total emissions were higher at approximately 12.89 million kg CO2e, with Scope 1 at about 537,000 kg CO2e, Scope 2 at 520,000 kg CO2e, and Scope 3 at 11.83 million kg CO2e, including approximately 11.82 million kg CO2e from business travel.

OTPP has established several climate commitments and reduction targets. The organisation aims to achieve net-zero emissions from its investment activities by 2050. Interim targets include reducing portfolio carbon emissions intensity by 45% by 2025 and 67% by 2030, compared to a 2019 baseline. Furthermore, OTPP is committed to ensuring that two-thirds of its portfolio's carbon emissions are covered by credible, science-based net-zero plans and targets (including material Scope 3 emissions) by 2025, increasing to 90% by 2030.