The carbon footprint of our investment portfolios
Our invested assets are a significant lever that we can use to catalyze climate action for a net zero future. We had a goal to reduce the financed emissions intensity of our investments by 25% from 2020 levels (for listed equity and corporate bond portfolios), by the end of 2025. By 2030 (year end 2029 in alignment with NZAOA), we aim to reach a 40% reduction in financed emissions intensity (tCO2e/$M invested) of our public equity and publicly traded bond portfolio. Our goal is for our entire investment portfolio to be net zero by no later than 2050. Along the way, we will set new interim targets and disclose our progress toward these goals at least annually.
Financed emissions intensity of Co-operators public equity and publicly-traded bond portfolios*
Units: tonnes of carbon dioxide equivalent per $1 million invested
*Restated results using more timely emissions data reported/estimated by issuers in 2025 for the year ending December 31, 2024. The previously reported results used more outdated emissions data available at the time of analysis (e.g. 2023 or earlier).
Download the 2025 Climate Report for more information.
Our 2025 performance
In 2025, Co-operators public equity and publicly traded bond investments had a financed emission intensity of 39.3 tonnes of carbon dioxide equivalent per million dollars invested. Our financed emissions intensity has decreased by 12.3% from our target base year of 2020, which did not meet our 2025 interim target. In 2023, we updated our base year from 2019 to 2020, which has had a significant impact on the relative performance against our targets. Our results would have otherwise been a decrease of 32.8%. Download the 2025 Climate Report for more information on our targets and performance.
Since 2021, Co-operators has been a member of the Net Zero Asset Owner Alliance (NZAOA), connecting with like-minded peers that are developing best practices and ways to reach these ambitious goals. In addition, our asset manager, Addenda Capital Inc. (Addenda Capital), remains committed to the ambitions of Net Zero Asset Managers (NZAM), reporting progress in its Sustainable Investing Annual Report.