CPP Investments' office in Toronto. CPPIB spokesperson says the fund continues to integrate climate risk into its investment activity.

Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.

The four allege in a lawsuit filed Monday that the investment manager for the Canada Pension Plan is breaching its duty to invest in their best interest, and subjecting their contributions to undue risk of loss by its approach.

The lawsuit, filed with the support of Ecojustice and Goldblatt Partners LLP, claims CPP Investment is drastically underestimating the financial implications of climate change, as well as worsening its harms by continuing to invest in the expansion of fossil fuel product

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