CPPIB Investments in War Crimes, Genocide, and Apartheid Increase to Over $27 Billion in 2025
Canada Pension Plan Investments has just released their March 31, 2025 year end report.
The Canada Pension Plan (CPP) is the Canadian national social insurance plan (with the exception of Quebec which has CDPQ). CPP is funded through contributions from employees, employers, and self-employed individuals – aka, the residents of Canada - and its funds are managed by the CPP Investment Board (CPPIB). In other words, CPPIB decides how to invest the contributions of millions of individuals in Canada.
In our analysis of the Canada Pension Plan Investment Board’s (CPPIB) 2024/25 fiscal year end report, we identified more than $27 billion of investments in 61 companies implicated in illegal activities in the occupied Palestinian territory (oPt).
You can read the full report, download the PDF, or review the text only version at:
This is the sixth year we have produced this analysis. This year we have used five main sources to conduct this analysis: Who Profits, AFSC Investigate, UN Database, Canada Stop Arming Israel (as hosted by World Beyond War, WBW), and Don’t Buy Into Occupation (DBIO). See our report for details. Each of these organizations includes companies for which there is a significant amount of evidence linking them to occupation / war crimes.
It is important to note that this year’s analysis cannot be directly compared to our previous analyses. This is because the list of complicit companies has expanded since 2023/24 year end. For instance, a significant number of companies have been added to the AFSC Investigate list since that time. Similarly, Canada Stop Arming Israel has updated their list of companies and we did not include DBIO in our 23/24 year end analysis. Therefore, we have re-analyzed CPPIB’s 23/24 annual report to provide direct comparisons between the last two years. Notably, even with the re-analysis of the 23/24 data, CPPIB has still increased their investments between year end 23/24 and 24/25 by 24%.
Read the report, and take action by sending a letter to CPPIB president and board chair.
