The Canadian Pension Plan Investment Board should be aware of the risks and latent costs of P3s and therefore avoid investments that directly or indirectly finance P3s.
The CPP’s investment policies and practices should be socially responsible.
Consistent with criticism of the CPPIB investment in military industries, tobacco companies and mining companies (such as Glamis Gold in Guatemala and Honduras), we believe Canadian pension funds should not be used to support commercial enterprise that undermines the provision of public services in Canada and around the world.