Montréal, Canada, September 14, 2023 – The Public Sector Pension Investment Board (PSP Investments) today published its annual Sustainable Investment Report, which outlines how the organization is striving to embed sustainable investing into its culture, operations and investment activities to continue to advance capabilities and address emerging risks and opportunities. Accompanying reporting includes PSP Investments’ climate-related financial disclosures based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
“In a year marked by challenges and uncertainty for investors, PSP Investments continued to deliver resilient long-term financial results and advance its capabilities to address emerging risks and opportunities,” said Deborah K. Orida, President and Chief Executive Officer at PSP Investments. “We aspire to develop additional foresight on the structural changes that will impact investments over the long term. This will include our evolving insights on climate, biodiversity, and the impact of social matters on our license to operate.”
The report outlines PSP Investments’ progress on the organization’s top sustainability priorities, including performance toward fiscal 2026 climate targets, the integration of material sustainability factors into decision-making and evolution of the approach. The climate-related financial disclosures showcase progress on metrics and targets; introducing our first-ever data quality assessment using the Partnership for Carbon Accounting Financials (PCAF) methodology; and present the progress made on the approach and implementation of our Green Asset Taxonomy.
“As a pension investor, one of our core investment beliefs is that identifying, monitoring, integrating and capitalizing on material emerging factors contributes to long-term investment performance and to our ability to deliver on our mandate,” said Eduard van Gelderen, Senior Vice President and Chief Investment Officer at PSP Investments. “Our 2023 Sustainability Investment Report showcases the progress we are making in translating this belief into concrete actions and measurable outcomes.”
Fiscal 2023 highlights include:
Acting on climate change
Continuing to expand our data capabilities
Advancing our sustainable investing approach
Continuing to create value through active ownership
“PSP Investments has developed a holistic approach to sustainable investing, leveraging our capital, influence and capabilities to preserve and enhance long-term value,” said Herman Bril, Managing Director and Head of Sustainability and Climate Innovation at PSP Investments. “A strong focus on materiality enables us, as investors, to better understand the potential impact of sustainability-related factors on financial performance and to make informed investment decisions that support long-term value creation.”
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $243.7 billion of net assets under management as of March 31, 2023. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.