• Undertaking helps PSP Investments’ dedication to speed up a discount within the greenhouse gasoline depth of its Pure Sources portfolio and optimize its carbon sink potential.

MONTRÉAL, July 11, 2022 /PRNewswire/ – The Public Sector Pension Funding Board (PSP Investments), one among Canada’s largest pension funding managers, has partnered with world-leading engineering and local weather consultancy group WSP to conduct an in depth local weather evaluation of its International Pure Sources (“NR”) portfolio.

The evaluation, which shall be carried out alongside PSP Investments’ native working companions, covers greater than three million hectares of farmland and timberland on greater than 400 particular person properties, throughout six nations. It would span all kinds of crops together with timber, tree nuts, vineyards, fruit, grain, cotton and animal protein.

Key targets

The primary goal of the evaluation is to determine a portfolio-wide baseline of PSP Investments’ NR greenhouse gasoline emissions (Scope 1 and a pair of) utilizing farm-level information. This data will assist the event and implementation of a decarbonization roadmap to cut back greenhouse gasoline emissions and set up science-based transition plans for portfolio corporations.

The second goal shall be to find out the sequestration capabilities of PSP Investments’ NR property in several carbon swimming pools (e.g., biomass carbon and soil natural carbon). This work will leverage educational research, third-party knowledgeable information, and on-the-ground expertise of native administration groups, to develop sturdy methodologies and decide applicable information sources to persistently quantify and report biogenic carbon dioxide removals and storage.

The WSP local weather evaluation will seamlessly combine into PSP Investments’ participation in a pilot program, the Farmland Administration Commonplace, led by Main Harvest, a non-profit group focuses on sustainable agriculture. The Farmland Administration Commonplace, a third-party assurance program, goals to standardize sustainability measurement and reporting throughout agriculture and meals manufacturing.

Marc Drouin, Senior Managing Director and International Head of Pure Sources at PSP Investments, mentioned: “As a long-term investor and one of many main international buyers in agriculture and timber, we’re extremely dedicated to the continual enchancment of our sustainable farming practices around the globe. Farmland and forestry property carry vital potential to assist international local weather mitigation and adaptation efforts, together with by means of their carbon sequestration potential. This ground-breaking challenge with WSP will give us the detailed, farm-by-farm data we have to assist our platforms map out a path to international net-zero.”

Mel de Jager, Vice President, Local weather Change, Resilience & Sustainability at WSP, mentioned: “For WSP, the chance to work with a worldwide group like PSP Investments, which operates throughout such a broad vary of crops, timber species and geographies, is exclusive and thrilling. By way of this work, not solely will we be capable of assist PSP Investments and its companions totally perceive the footprint of their greenhouse gasoline emissions, however we could have an actual alternative to advance information of carbon sequestration on agricultural lands”.

Dedicated to sustainability

The evaluation follows the launch of PSP Investments’ inaugural Local weather Technique and builds on its longstanding dedication to cut back greenhouse gasoline emissions by means of best-in-class, sustainable farming and timber administration practices.

About PSP Investments

The Public Sector Pension Funding Board (PSP Investments) is one among Canada’s largest pension funding managers with $230.5 billion of internet property beneath administration as of March 31, 2022. It manages a diversified international portfolio composed of investments in capital markets, personal fairness, actual property, infrastructure, pure sources and credit score investments. Established in 1999, PSP Investments manages and invests quantities transferred to it by the Authorities of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Drive. Headquartered in Ottawa, PSP Investments has its principal enterprise workplace in Montréal and workplaces in New York, London and Hong Kong. For extra data, go to investpsp.com or comply with us on Twitter and LinkedIn.

About WSP

As one of many world’s main skilled companies corporations, WSP exists to future-proof our cities and surroundings. We offer strategic advisory, engineering, and design companies to purchasers within the transportation, infrastructure, surroundings, constructing, energy, power, water, mining, and sources sectors. Our 55,000 trusted professionals are united by the frequent goal of making constructive, long-lasting impacts on the communities we serve by means of a tradition of innovation, integrity, and inclusion. Sustainability and science permeate our work. WSP derived about half of its $10.3B (CAD) 2021 revenues from clear sources. The Company’s shares are listed on the Toronto Inventory Change (TSX: WSP). To search out out extra, go to wsp.com/en-CA

Media Contacts: Maria Constantinescu, PSP Investments, Tel.: +1 (514) 218-3795, [email protected]; Andrew Macklin, WSP, Tel.: +1 (289) 835-2536, [email protected]

SOURCE PSP Investments