By Ecojustice

“This is the first case in Canada to ask whether a pension fund has a duty to act fairly toward young contributors who will retire after 2050, when climate-related financial risks will be greatest.”

By Ecojustice

Young Canadians Challenge CPP Investments Over Climate Risk
A landmark legal case is putting Canada’s largest pension fund manager, CPP Investments, in the spotlight. Four young Canadians are suing the fund, arguing that its continued investments in fossil fuel expansion and insufficient management of climate-related financial risks put their future retirement benefits at risk. The case highlights growing concerns about how financial institutions account for climate change and the long-term security of multi-generational pension funds.

This report explores the details of the lawsuit, including CPP Investments’ climate commitments, the controversial models used to assess climate risks, and the broader implications for pension management in a warming world. It’s essential reading for anyone interested in how climate change, finance, and future retirement security intersect, and what it means for Canadians who will retire after 2050.