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Canada’s CPP Investments, US non-profit team up for climate investments

By Hui Ching-hoo   
October 8, 2021

Canada Pension Plan Investment Board (CPP Investments) and Conservation International, a US environmental non-profit, have teamed up to invest in solutions to combat climate change.

They say it’s the first such partnership between a global asset owner and an environmental non-government organisation.

CPP Investments and the non-profit will initially invest US$20 million and $500,000, respectively, in solutions to support the development of projects to reduce global carbon emissions.

“The projects enable the private sector to purchase certified carbon credits generated by each project; and provide a return to investors,” they say in a joint statement on October 5.

The solutions will initially focus on projects in Brazil, Chile, Peru and Colombia that will be verified under a forest conservation programme created by the United Nations Framework Convention on Climate Change.

“This new partnership adds to our investments in important and growing industries that help enable the energy evolution through our Innovation, Technologies and Services strategy, in support of our Sustainable Energies programme and overall investment mandate,” Bruce Hogg, head of CPP Investments’ Sustainable Energies Group, says in the statement.

CPP Investments manages the assets of around 20 million members of Canada’s largest pension fund. As of June 2021, it had C$519.6 billion ($410.48 billion) of assets.