IPE: Canada's Largest Pension Funds Plan to Step Up Infrastructure Investments in Germany
October 12, 2022
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Canada’s top pension funds — Caisse de dépôt et placement du Québec (CDPQ), Ontario Teachers’ Pension Plan (OTPP), Canada Pension Plan (CPP) and Ontario Municipal Employees Retirement System (OMERS) — are looking to invest in more sustainable projects, and they have their sights set on Germany, according to an article by Investment & Pensions Europe (IPE).
CDPQ and OMERS are looking primarily at infrastructure projects that will help address a broader energy transition, while OTPP is looking for investments across all its asset classes in the coming years, reports IPE magazine. The CPP, meanwhile, was simply looking to spark high-level discussions.
“[Canadian pension funds] are specifically looking for investments into environmentally and socially sustainable projects. And that is also the message I am hearing from German business leaders at home and on this trip,” Olaf Scholz, the German chancellor, said during a speech at the German-Canadian Business Conference in Toronto.
To learn more about what Canada’s top pension funds have planned for Germany, click on more information to read the full article.
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