Law to Change How Pension Money is Invested
Pension Investment Changes
This proposed law wants to change how the Canadian Pension Plan (CPP) invests your retirement money. Right now, the CPP invests to make the most money possible. This proposed law would make them also think about the environment and society when they invest. They might choose to invest in companies that are trying to reduce pollution or treat their workers well. This change would affect everyone who pays into or receives money from the CPP. That's most working and retired Canadians. It could mean your pension is invested in a way that supports companies with good environmental and social practices. This matters because it could push companies to be more responsible. If the CPP invests in companies that are good for the planet and people, other investors might follow. It also means your retirement savings could be used to support a more sustainable and ethical economy.
Where this proposed law falls on the policy spectrums that Canadians care about
By directing the CPP to consider environmental and social impacts, the bill may indirectly favour companies with better labour practices, nudging it slightly towards worker protections.
Consideration of environmental impacts in CPP investments could lead to decreased investment in fossil fuel companies and increased investment in renewable energy, shifting the balance away from resource development.
The bill explicitly directs the CPP to consider environmental impacts, which will likely lead to investments that support climate action and conservation, moving it towards prioritizing the environment.
This bill has not yet been published on the government website.
Click any step to learn what it means
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Click any step to learn what it means
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How likely this proposed law is to be approved
Private member's bills rarely pass, especially if they are low priority. This proposed law is still at an early stage and isn't being actively considered.
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