Climate Transition Investment Framework

The Climate Transition Investment Framework was created to support the commitments outlined in UPP’s Climate Action Plan. It supports our ability to manage the impacts of climate-related risks on fund performance and capitalize on opportunities for long-term value creation.

Summary

Managing the risks and opportunities related to climate change and the transition to a low-carbon economy is essential to earning adequate investment returns and paying pensions in the long term. We seek to embed sound practices and work collaboratively with external investment managers and partners to manage climate-related risks and opportunities and to improve industry practices  over time. These efforts can lead to better long-term investment performance.

The Climate Transition Investment Framework (the “Framework”) was created to support our ability to manage the impacts of climate-related risks on fund performance and capitalize on opportunities for long-term value creation. The Framework achieves some of the commitments outlined in UPP’s Climate Action Plan, which describes our goal to support emissions reductions in the real economy and transition our investment portfolio to net-zero greenhouse gas (“GHG”) emissions by 2040 or sooner.

Download the Climate Transition Investment Framework

Published

December 2023

Media

Related reports

Part of being a responsible investor is advancing climate readiness across our portfolio. Our Climate Action Plan details UPP’s commitment and path to net-zero portfolio emissions by 2040 or sooner, with an emphasis on decarbonizing the real economy.

This plan sets out the steps UPP will take in 2023-2025 to realize the stewardship commitments of our Climate Action Plan and address the risks associated with climate change.

UPP shares its 2022 Annual Report, marking our first full operational year as your pension provider. The Plan maintained a healthy funding position, staying well-equipped to pay members’ pensions today and over the long term.

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