Analyzing CPP Investments’ Global Portfolio Carbon Footprint – Notes on New Climate Disclosure Framework

CPP Investments’ 2026 climate disclosure analyzes its global investment portfolio using carbon intensity and transition governance indicators. The framework applies PCAF-aligned portfolio carbon metrics alongside SBTi, TPI and CPP Investments’ Decarbonization Investment Approach to show how climate-related characteristics are distributed across the portfolio.

CPP Investments202624 Sept 2026

PublisherCPP Investments

Year2026

RegionGlobal

FormatPDF, 924 KB

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Key Takeaways

CPP Investments introduced a climate disclosure framework that classifies portfolio companies across two dimensions: carbon intensity and transition governance, while stressing that the framework is not intended to assess an individual company’s transition performance or transition risk. Notes-on-New-Climate-Disclosure…
Carbon intensity is measured as Scope 1 and Scope 2 emissions per USD 1 million of Enterprise Value Including Cash (EVIC), following the Partnership for Carbon Accounting Financials methodology. CPP Investments uses 40 tCO₂e per USD 1 million EVIC as the threshold for distinguishing higher-carbon-intensity holdings within this disclosure. Notes-on-New-Climate-Disclosure…
As of 31 March 2026, 86.7% of CPP Investments’ portfolio was below the 40 tCO₂e/EVIC threshold. Of the approximately USD 787 billion portfolio analyzed, USD 38.8 billion was above the threshold with transition-governance evidence confirmed, while USD 65.6 billion was above the threshold with such evidence unconfirmed. Notes-on-New-Climate-Disclosure…
CPP Investments classified USD 271.3 billion of holdings as having confirmed evidence of transition governance. Of these, approximately 83.5% aligned with third-party indicators from SBTi or TPI, while 16.5% were identified through CPP Investments’ proprietary Decarbonization Investment Approach.
CPP Investments plans to disclose these metrics annually using data as at 31 March, alongside its existing portfolio carbon footprint, while continuing to assess financially material climate risks and opportunities through investment due diligence, asset management and stewardship processes. Notes-on-New-Climate-Disclosure…