8 things to know about the history of CPP Investments

Credit to Author: Staff Writer| Date: Tue, 08 Nov 2022 15:25:55 +0000

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As a newcomer, you may have questions about the Canada Pension Plan (CPP) and how it’s being securely invested for your financial future in Canada by CPP Investments.

Here are eight things to know about CPP Investments and its history in managing the CPP:

1. CPP Investments was created by an Act of Parliament in 1997 to invest and grow the Canada Pension Plan (CPP) Fund to help build a foundation for Canadians’ retirement security.

2. After an initial transfer of $12.1 million from the CPP, CPP Investments began investing in publicly traded stocks in 1999.

3. CPP Investments made its first private market investment in 2001. A year later, CPP Investments’ governance model was recognized by the World Bank as an example for others to follow.

4. In 2006, the CPP Fund had more than $100 billion in assets and about 100 employees at CPP Investments’ Toronto headquarters.

5. CPP Investments opened offices in London and Hong Kong in 2008, and six more offices between 2014 and 2020: New York, São Paulo, Luxembourg, Mumbai, Sydney and San Francisco.

6. The Fund continued to grow — to $300 billion in 2016.

7. CPP was the first pension fund to offer a Green Bond in 2018 — keeping pace with the world’s transition to a lower-carbon economy.

8. By 2022, CPP Investments was managing more than half a trillion dollars with more than 2,000 world-class professionals. It also announced its plan to commit both the portfolio and operations to being net zero of greenhouse gas emissions by 2050.

“The sustainability of the Canada Pension Plan Fund has been protected and reinforced by CPP Investments for over two decades. Our long-term perspective, effective risk management and commitment to good governance help ensure the Fund is strong and resilient, and that the future value of your benefits remains solid,” says John Graham, President and CEO, CPP Investments.

Want to learn more about CPP Investments and your financial future as a new Canadian? Check back here for new content every month, or read more articles, access resources and watch videos at www.cppinvestments.com/commitment-to-canadians.

This content is provided for information purposes only. CPP Investments is not a financial advisor, and the content on this site does not provide financial advice. Every person’s financial planning needs are different. For advice on how you should prepare financially for retirement, please consult a credentialed professional financial advisor

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