4 youth taking Canada Pension Plan to court
Four young people are suing the Canada Pension Plan Investment Board (CPP Investments), claiming that the pension fund manager “is breaching its legal duties by subjecting pension contributions to undue risk of loss from poorly managed climate risk.”
The group is represented by lawyers from Goldblatt Partners LLP and Ecojustice, the country’s largest environmental law charity. The case states that without a thorough accounting of climate-related financial risks, young people risk receiving reduced retirement benefits.
In May 2025, CPP Investments also “quietly abandoned its net-zero commitment,” according to Shift: Action for Pension Wealth and Planet Health, a charity tracking pension fund investments in Canada.
According to the charity’s analysis, CPP Investments has continued investing in fossil fuel expansion in the U.S. and Canada.
CPP Investments is among the worst-performing Canadian retirement funds in terms of integrating climate-conscious investment strategies. Among the best-performing are Caisse de dépôt et placement du Québec and the Investment Management Corporation of Ontario.
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