For the fourth year in a row, five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc.
The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing.
Similar to last year, Norway’s Government Pension Fund edged out the Canada Pension Plan Investment Board for first place, with overall scores of 100 and 96, respectively.
Read: Five Canadian pension funds receive top scores for transparency: benchmark
The top five was rounded out by the California Public Employees’ Retirement System at No. 3 with a score of 93, followed closely by the Caisse de dépôt et placement du Québec at No. 4 (92) and the British Columbia Investment Management Corp. at No. 5 (91).
The Ontario Teachers’ Pension Plan ranked No. 9 with a score of 89 and the Public Sector Pension Investment Board came in at No. 11 with a score of 87.
Notably, the CPPIB, the Caisse and the BCI each received a perfect score of 100 for their respective governance practices.
Read: Canadian pension funds receive top scores in transparency benchmark