Ontario Pension Board sustainability report highlights responsible investing scores and climate allocations
June 05, 2025
The Ontario Pension Board (“OPB”) has released its second annual sustainability report, updating members on its sustainability activities and achievements from June 2023 to December 2024.
According to the report, OPB has focused on two key priority areas in recent years: advancing diversity, equity and inclusion within OPB; and working with its investment manager, IMCO, to integrate sustainability factors into the management of the Plan’s assets.
The report notes that IMCO aims to halve its portfolio carbon emissions intensity by 2030, based on a 2019 baseline. As of December 31, 2023, IMCO’s Scope 1 and 2 emissions intensity is already down 44% as compared to the 2019 figure.
IMCO has also grown the proportion of its investments in climate solutions to 11.5% of the portfolio, toward a target of 20% by 2030.
Click on ‘More Information’ below to review the report:
