Canada Pension Plan Investment Board

CPP Investments

CPP Investments is Canada's largest single-purpose pension fund and ranks amongst the top ten retirement funds in the world today.

Lobbying Activity

Response to Foreign Subsidies Review Report

17 Nov 2025

BCI, CPP Investments, La Caisse, OMERS, OTPP and PSP welcome the opportunity to contribute to the European Commissions review of the Foreign Subsidies Regulation (FSR). We are Canadian pension funds and fund managers with long-standing investment activity in the European Union (EU), with approximately EUR 200 billion of collective assets under management in the wider European region and over EUR 1 trillion of collective assets under management as at the end of our last financial years. Our investments of long-term capital include strategically important sectors such as sustainable energy, infrastructure, transport, industrials and life sciences and directly contribute towards the EUs growth, competitiveness and security of supply. As pension funds and fund managers operating at arms length from government and investing solely on market terms for the benefit of their respective clients or beneficiaries, we support the FSRs overall objective of ensuring fair competition in the EUs internal market. However, we believe that certain aspects of the FSRs design and implementation materially and disproportionately affect investors like ourselves when considered against the harms which the FSR seeks to address. The enclosed submission provides the backdrop on the burden that the FSRs framework imposes and suggests various simplification measures which would lessen the burden that we are currently facing. It also contains suggestions to clarify certain key concepts of the FSR and how they are applied in order to increase legal certainty and predictability.
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Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and

19 Mar 2025 · Exchange of views on long-term investment

Meeting with Sofie Robbertsen (Cabinet of Commissioner Johannes Hahn)

29 Jan 2024 · Meeting with CPP Investments on the attractiveness of EU-bonds, green investments and exchange on EU-policies.

Response to Detailed procedures for addressing distortive foreign subsidies

6 Mar 2023

This submission is made by Canada Pension Plan Investment Board (CPP Investments) and sets out observations following the publication of the Foreign Subsidies Regulation's (the FSR) draft implementing regulation (the IR) and relevant annexes on 6 February 2023. Please refer to the enclosed PDF document for CPP Investments' submission.
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Meeting with Friedrich Wenzel Bulst (Cabinet of Commissioner Margrethe Vestager)

4 Apr 2017 · Merger Control Framework

Meeting with Jyrki Katainen (Vice-President) and

23 Jun 2016 · Investment Plan for Europe