The Ontario Teachers’ Pension Plan released its maiden climate report

The Ontario Teacher’s Pension Plan (OTPP) has outlined its procedures for dealing with the impact of climate-related changes on its investments.

OTPP’s inaugural report details its comprehensive approach to various facets of investing in a global environment affected by climate changes.

These include identifying opportunities; taking investing decisions that give weightage to climate factors, influencing companies to become climate-friendly; and engaging with the authorities for implementation of suitable climate regulations.

OTPP’s investing: Climate change an end-to-end consideration

“Managing climate change in a highly interconnected global economy involves many underlying uncertainties,” the $146.7 billion pension fund said in its report. “Climate change impacts are considered alongside myriad other risks in the decisions we make and actions we take as an organization.”

Interestingly, the fund disclosed that it is creating procedures to quantitatively determine a company’s environmental, social, and governance (ESG) practices.