Working towards a net-zero future
What HOOPP has been doing about climate change
In 2022, HOOPP announced its commitment to achieving net-zero emissions in our portfolio by 2050. Net zero is a key pillar in the global fight against climate change. Net zero is reached when the amount of carbon emissions produced is significantly reduced or eliminated before offsetting any residual amounts. Net zero helps to tackle climate change by reducing global warming.
Since our announcement, we have made significant progress in many of the key areas necessary for a science-based net-zero plan that is both achievable and reduces environmental harm, while supporting our pension promise. Throughout the year, our Risk and Investment Management teams worked hard to finalize our net-zero portfolio plan and identify the actions needed in the short, mid, and long term to achieve this important goal.
Charting a path to a net zero portfolio is important and complex. Accordingly, we have taken the time to prepare our strategy thoughtfully and with purpose. We look forward to sharing our plan to achieve a net-zero portfolio with you in the coming months.
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Working towards a net-zero future
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This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.
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