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Second Party Opinion: CPP Investments' Green Bond Framework

S&P Global Ratings assesses CPP Investments' Green Bond Framework as Dark green, representing activities that correspond to the long-term vision of a low-carbon climate resilient future. CPP Investments is a professional investment management organization that manages the funds of the Canada Pension Plan (CPP). Established in 1997, its objective is to invest CPP assets on behalf of its more than 22 million contributors and beneficiaries, aiming to maximize returns while mitigating the risk of loss, supporting financial security in retirement.