TORONTO, Dec. 10, 2024 – Today OPTrust released its 2023-24 Task Force on Climate-related Financial Disclosures, providing key updates on its climate change strategy as it further integrates climate considerations across its investment portfolio and operations. Highlights from the past year include:
Expanded the scope of OPTrust's carbon footprint to nearly all assets for which footprinting is possible.
Reduced financed emissions intensity by 11 per cent compared to 2022.
Grew its sustainable incubation portfolio that invests in earlier-stage, climate-themed investments.
"OPTrust's investments in renewable energy, sustainable buildings and innovations in clean transportation, the circular economy and technologies enabling the energy transition drive progress toward a low-carbon future," said Alison Loat, Senior Managing Director, Sustainable Investing and Innovation at OPTrust. "Adaptability and evolution are at the core of delivering sustainable pensions to our members, and I'm proud of the progress we have made on their behalf over the past year."
OPTrust has a long-standing commitment to managing climate change and other environmental risks and opportunities in its portfolio. From first formally integrating environmental, social and governance (ESG) factors into its investment policies in 2007, to announcing its ambition to align its portfolio with the global path towards net-zero emissions in 2022, OPTrust continues to strengthen the long-term financial sustainability of the Plan through careful consideration of the risks and opportunities presented by climate change.
Read the full report here.