Ranked among the world’s best in 2024, we earned top marks for performance, cost and governance
Canadian funds have once again demonstrated global leadership in pension fund management. For the fourth year running, Canada finished first overall among countries reviewed in the latest Global Pension Transparency Benchmark.
In terms of individual funds, CPP Investments secured the #2 spot overall, second only to Norway’s Government Pension Fund. Both leading funds demonstrated remarkable progress over recent years, a trend emphasized by the report’s authors.
“The improvement of the top two funds over the last three years is astounding. CPP Investments, which ranked first in the benchmark’s initial editions, has improved its score by 15 points since 2022,” notes the 2024 Global Pension Transparency Benchmark report.
Our improved score this year was driven by measures to enhance disclosure on costs (including details on total fund costs and external management fees) and responsible investing (including our framework, governance and reporting.)
CPP Investments leads benchmark in governance measures
This year, our Fund’s high ranking was anchored by a perfect score of 100 in governance. This achievement reflects excellence in areas such as structure and mission, board competency, and organizational strategy, alongside high praise for cost transparency. Additionally, we ranked among the top 10 for the clarity and quality of performance disclosures and responsible investment practices.
One concrete example is our commitment to maintaining high standards in financial governance and reporting, exemplified by our multi-media Annual Report. Featuring engaging videos and interactive online components, the report not only elevates our transparency but also strengthens our financial stewardship.
Results affirm efforts to enhance disclosure delivering measurable impacts
These high scores didn’t come by accident; we promote disclosure through multiple communication channels, including our Annual Report, quarterly results, website, public meetings, speaking events, and public service campaigns, among others. The benchmark results confirm our proactive approach helps strengthen our brand equity and reputation capital in Canada and around the world as a leading institutional investor. Beyond external recognition, these initiatives play a critical role in improving decision-making and ensuring the long-term sustainability of the Fund.
Benchmark aims to track, promote pension disclosure for better outcomes
The Global Pension Transparency Benchmark (GPTB), a collaboration between Top1000funds.com and CEM Benchmarking, evaluates 75 of the world’s largest pension funds across 15 countries. Renowned as the gold standard in its field, the GPTB ranks funds based on the transparency and quality of their public disclosures. Final scores reflect performance across four key factors: governance and organization, performance, costs, and responsible investing, with a focus on the completeness, clarity, value, and comparability of disclosures.
The benchmark underscores that beyond the moral imperative, transparency and accountability offer significant benefits. These include improved decision-making, stronger relationships with stakeholders, and, ultimately, better outcomes.
