Canada Pension Plan Investment Board announces plans to embrace “disruption”

By tarvicn vicn

The Canada Pension Plan Investment Board (CPPIB) reveals it is “embracing disruption” by focusing its operations towards emerging shifts in the world’s economy.

The Canadian government’s pension plan will target industries such as autonomous vehicles as well as focusing on the growing, aging population.

The firm has invested in Zoox, the California-based autonomous vehicle company which has set the goal of create a robo-taxi fleet by 2020, the Vancouver Courier reported.

“We've been embracing disruption, whether that disruption is technological, whether it's demographic, or economic, or climate-change related,” Mark Machin, CPPIB’s Chief Executive Officer stated to the Canadian Club in Toronto on 21 November.

SEE ALSO:

The CEO regarded technology as a widespread structural change, including artificial intelligence (AI), automation, Internet of Things (IoT), and fintech.

“We have an obligation to analyze how these technologies will impact each sector.”

 “How they're going to disrupt industries, and how they're going to impact our investments, both now and in the decades ahead.”

“As the North American baby boomer generation ages, and retires, they have an increasing desire to travel and see the world.”

Share

Featured Articles

Rise of the Chief Information Security Officer (CISO)

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

UAE building cybersecurity fortress for a safer world

Exclusive: His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on bold plans to build the world’s most secure digital society

The future of cybersecurity must be built on the basics

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

10 of the best speakers at Procurement & Supply Chain LIVE

Leadership & Strategy

10 apps to support staff on World Mental Health Day

Leadership & Strategy

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy