A new report criticizes Canadian pension funds for inadequate responses to the financial risks posed by climate change, demanding more proactive measures. In short:Canadian pension funds are under scrutiny by Shift Action for not adapting their investments to mitigate climate crisis risks. The analysis shows a significant gap between Canadian pensions and their global counterparts in climate progress. Shift Action's report calls for urgent, transparent action from pension funds to align with climate targets and avoid economic repercussions. The direction taken by these funds can significantly impact both immediate and long-term public health and environmental resilience.

Source: The Guardian March 04, 2024 13:35 UTC