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2022 Responsible Investment Report

2022 Responsible Investment Report

Investing for a better tomorrow

Creating value, enhancing long-term returns

Climate action

Supporting the transition to global net-zero emissions

Data-driven ESG integration

Basing decisions on high-quality ESG data

Active ownership

Promoting sustainable business practices

Leadership and collaboration

Joining forces to tackle real-world challenges

Why responsible investment matters

ESG factors, including systemic climate risk, are some of the most significant change drivers in today’s world. We believe that material ESG risks factors must be considered in the investments we make. We also want to capitalize on the significant investment opportunities that can arise as companies put sustainability at the forefront of their strategies and operations.

“Given our long-term horizon, sustainability factors are inextricably linked to our ability to achieve our investment objectives. I look forward to working with colleagues across our organization to deepen and leverage our sustainability expertise to make the most well-informed investment decisions for the contributors and beneficiaries of the pension plans we support.”

Deborah Orida President and Chief Executive Officer

2022 ESG Highlights

Conducted ESG assessments of:

  • 152 prospective direct investments (private markets and alternative investments in capital markets)
  • 98 prospective publicly listed companies
  • 44 external managers and general partners' practices

 

As active owners, we:

  • Voted at 5,837 shareholders' meetings on 58,678 resolutions
  • Engaged with 811 listed companies on key ESG issues
  • Engaged 42 real estate partners globally in gathering ESG data for more than 1,100 of our privately owned properties
  • Conducted 11 cybersecurity assessments of portfolio companies

Download our 2022 Responsible Investment Report

Responsible Investment Report
Date: Nov. 10, 2022
Size: 6.6 MB
Climate-related financial disclosures
Date: Nov. 10, 2022
Size: 1.1 MB

ESG integration and active ownership

We believe that well-run companies that effectively manage social and environmental issues are more likely to prosper over time. That’s why, as a long-term investor, we integrate material ESG considerations into our investment analysis and decision-making and seek to support sustainable business practices among the companies in our portfolio.

“Where we once considered ESG integration mainly as a risk lens, we now approach it as a way to capitalize on trends and capture value-creation opportunities to enhance returns.”

Spotlight on our climate strategy

As a global investor, PSP Investments seeks to use capital and influence to support the transition to global net-zero by 2050 and advance our responsible investing practices as a means to better manage risk and generate the long-term returns needed to achieve our mandate.

 

We made progress on our approach to address the multi-faceted risks and opportunities associated with climate change by linking our climate change commitment to our PSP Forward strategic plan and overall RI strategy.

20.2
%

AUM considered to be green assets

2.8
%

AUM considered to be transition assets

42
%

Carbon footprint covered with company-reported GHG data

$
1.0
billion

Green Bond issuance

Green Bond Framework
Date: Nov. 10, 2022
Size: 8.7 MB
Green Asset Taxonomy (white paper)
Date: Nov. 10, 2022
Size: 6.2 MB
Climate Strategy Roadmap
Date: Nov. 10, 2022
Size: 513.3 KB

Highlights from our responsible investment journey

PSP Investments has embraced responsible investment since its earliest days, adopting its first Social and Environmental Responsibility Policy and proxy voting guidelines in 2001.

“As the world grapples with the lingering pandemic, increasing pressure from climate change and other disruptive forces that are intersecting critically with geopolitics and affecting society and the economy – we believe that considering material ESG risk factors and opportunities in our decision-making is more important than ever.”