The Canada Pension Plan Investment Board (CPP Investments) has named Deborah Orida to a newly-created role as chief sustainability officer, on top of her existing position as senior managing director and global head of real assets.
She will be responsible for environmental, social and governance matters, particularly climate change, for CPP Investments, which manages the C$519.6 billion (US$410.48 billion) assets of Canada Pension Plan, the country’s biggest pension fund.
Orida will “lead the further refinement and execution of a roadmap” to “prudently navigate” the pension fund as the global economy transitions to address climate change, CPP Investments says in a statement on October 28.
In line with the appointment, the sustainability investment group led by Richard Manley, managing director and head of sustainable investing, will move from the active equities department to the real assets department.
Orida was a vice president at Goldman Sachs before joining CPP Investments in 2009 as a senior portfolio manager.
The chief sustainability officer will work closely with the chief investment officer “to ensure a sustainable CPP Fund endures to the next century”, President and Chief Executive Officer John Graham says in the statement.