US EditionOntario Teachers’ Pension Plan reboots climate goals with $70-billion target
Ontario Teachers aims to double climate-aligned assets to $70 billion by 2030, focusing on private companies and credible decarbonization plans while dropping emissions intensity targets.
- On Feb. 19, 2026, OTPP announced it will retire its 67 per cent 2030 emissions-intensity reduction goal and set a new target to double climate-aligned private investments to $70 billion.
- Having met interim goals, OTPP says it achieved a 50 per cent intensity reduction and a 45 per cent emissions-intensity drop at end of 2024 but finds intensity metrics limited for real-world progress.
- The new framework will exclude companies that expanded fossil-fuel activity since 2023 and count privately owned companies contributing to climate solutions; it was reviewed by the Climate Bonds Initiative, with Jasper Farms cited as an example.
- Now, Teachers warns the portfolio emissions intensity could rise near term, affecting the $270 billion pension plan that manages pensions for 343,000 working members and pensioners.
- While maintaining a 2050 net-zero pathway, external reviewers noted Teachers revised strategies after meeting its 2025 emission reduction target, amid industry shifts.
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17 Articles
Ontario Teachers’ pension shifts climate strategy from emissions to investments – 105.9 The Region
TORONTO — The Ontario Teachers’ Pension Plan Board says it’s moving away from an emissions intensity target for its portfolio to instead focus on climate investment goals. In its new 2030 target, the pension board says it’s aiming to double what it calls “climate transition aligned” private investments to $70 billion. It says it will retire its 2030 goal of a 67 per cent reduction in the carbon emissions intensity of its portfolio compared with …
Ontario Teachers’ Pension Plan Unveils Ambitious 2026-2030
Ontario Teachers’ Pension Plan (OTPP), one of Canada’s largest investors with over $269 billion in assets under management, has unveiled its new 2026–2030 climate strategy, marking a significant shift from its previous emissions reduction targets. This new strategy emphasizes scaling climate-related investments and achieving real-world impact, moving away from the previous focus on portfolio… Source
Ontario Teachers’ Pension Plan Replaces Portfolio Emissions Reduction Goal with New Climate Investment Target
Ontario Teachers’ Pension Plan (OTPP), one of Canada’s largest investors, with over $269 billion in assets under management, announced the launch of its new 2026 – 2030 climate strategy, which will replace the fund’s portfolio emissions reduction targets with new goals to scale climate-related investments. Launched in 2021, OTPP’s prior climate goals included targets to reduce portfolio emissions intensity by 45% by 2025, and by 67% by 2030. OTP…
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