Climate change poses one of the most urgent and pressing systemic challenges of our time. It presents a unique risk that requires coordinated action from governments, corporations, individuals and institutional investors like HOOPP. While the issue of climate change is complicated and constantly evolving, HOOPP recognizes it can no longer be approached solely as a long-term issue.  

We are proud to share that HOOPP has committed to achieving net-zero carbon emissions in our portfolio by 2050. Addressing climate change is a priority for our Board of Trustees and our executive management team. This commitment to net zero is a critical part of our ongoing focus on climate change and while our work to meet this goal is well underway, there is more to come. Some of our recent work includes: 

• Becoming a founding member of Climate Engagement Canada, a collaborative engagement initiative focused on driving climate action at Canadian companies that leads to actual emission reductions, decarbonization, and improved resiliency. 
• Implementing a $1 billion portfolio allocation to climate change equities, focused on carbon-efficient companies, clean energy, and other climate solutions. We will look to expand this allocation over time. 
• Continuing to invest in green bonds, which fund projects such as clean transportation, energy efficiency and conservation, clean energy and technology, among others. 
• Continuing to expand on our climate-related disclosures by following the Task Force on Climate-related Financial Disclosures (TCFD) framework for the reporting of climate-related financial information and calling on companies to do the same. 

Throughout 2022, we will be releasing additional information about HOOPP’s efforts to address climate change. We encourage our members to visit hoopp.com/climatechange for the latest news and information about our work.