CPP Investments beefs up climate risk guidelines for boards

Canada Pension Plan Investment Board (CPP Investments) has added more climate change- and climate risk-related details to its proxy voting principles and guidelines (PVPGs). The PVPGs, reviewed annually, now include requiring company boards to understand and articulate to investors whether the business has a dependency on nature or natural ecosystems. "Climate risk doesn’t stop with decarbonisation and the mitigation of physical risk," CPP Investments chief sustainability office…