Ontario Teachers’ expanding relationship with Wellington to tackle climate risk
The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments.
Ontario Teachers’ and Wellington are collaborating with the Woods Hole Research Center, a climate-change think tank, with the goal of applying research findings when executing the pension fund’s investment strategies and providing insights to investment teams on the medium- and long-term financial implications of physical climate-related risks.
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“Our investments, particularly those in real assets, require careful consideration of the physical risks posed by climate change,” said Ziad Hindo, chief investment officer at Ontario Teachers’, in a press release. “With access to top quality climate science data, we can build on our own expertise in this area and use the research provided to develop deeper insights.
“The world will not be the same after COVID-19, but our commitment to responsible investing will not change. Strong, mutually beneficial relationships — such as ours with Wellington and Woods Hole — will continue to be a key component of delivering on our commitment.”
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