climate

CPP appoints Orida as first chief sustainability officer

The mandate for Deborah Orida, CPP’s global head of real assets, also sees pension investor’s sustainable investing group become part of her department.

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Canadian public pension fund CPP Investments has named Deborah Orida as its first chief sustainability officer.

Orida is a senior managing director at CPP and has been global head of real assets since 2020. She will continue in these roles alongside her CSO appointment.

As such, CPP’s head of sustainable investing, Richard Manley, and the pension’s sustainable investing group are moving from the active equities department to the real assets division.

According a CPP statement announcing Orida’s appointment, the real assets department has invested $7 billion in renewable energy and invested in “403 green buildings and decarbonization technologies and services”.

CPP’s president and CEO John Graham said the pension, which has assets worth C$519.6 billion ($420 billion; €362 billion), is “focused on seizing the tremendous investment opportunities, as well as managing the risks, brought about by climate change”.