CPPIB plans to increase green investment on way to net-zero by 2050 – Reuters

The downtown skyline and CN Tower are seen past the eastern waterfront area in the Port Lands district of Toronto, Ontario, Canada April 3, 2019. REUTERS/Chris Helgren/File Photo

LONDON, Feb 10 (Reuters) – Canada Pension Plan Investment Board said on Thursday it planned to almost double its investment in green and transition assets to C$130 billion by 2030 as part of efforts to decarbonise its investment portfolio.

The investor, which manages around C$554.4 billion ($436.36 billion) in assets on behalf of 20 million people, said it was also committing to reach net-zero greenhouse gas emissions across its portfolio by mid-century.

($1 = 1.2705 Canadian dollars)

Reporting by Simon Jessop, editing by Huw Jones

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