HOOPP’s action on climate change
A message to our members
Climate change is a critical issue – to our members, our communities and our organization. It is complex, challenging and constantly evolving. To create solutions to climate change, we need action from governments, companies and individuals. Institutional investors like HOOPP also have an important role to play; we can use our role as investors to bring about important improvements.
At HOOPP, we have made the issue of climate change a priority. Our Board of Trustees and senior management team are working closely together to strengthen HOOPP’s climate change plan and risk management approach. The work that must be done to address climate change is a journey and HOOPP is carefully considering our path forward. We remain as focused as ever on our core mission of delivering on our pension promise – a retirement pension that is paid for life – and doing so in a sustainable way that offers ongoing and long-term value to members.
Our work on climate change is ongoing and there is more to come, but our journey is already well under way. Some of our current work includes:
- influencing the companies we invest in to improve their climate change plans or reduce their emissions
- investing in companies or projects that are contributing to climate solutions
- updating our investment policies to enhance our focus on climate change
- calling on companies and governments to do their part by improving disclosure and public policy
Throughout 2022, we will be releasing additional information about HOOPP’s plans to address climate change. We encourage our members to read our 2021 Annual Report, which will be available in early spring, and to visit hoopp.com for up-to-date information on our latest climate change work. Members are also encouraged to learn more about HOOPP's approach to Sustainable Investing.
We look forward to continuing this conversation with our members as we move forward on this journey.
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HOOPP’s action on climate change
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This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.
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