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Classified in: Oil industry, Environment, Science and technology, Business
Subjects: ECO, CSR, ENI, SRI

CDPQ announces investment strategy to address climate change



MONTRÉAL, Oct. 18, 2017 /CNW Telbec/ - La Caisse de dépôt et placement du Québec (CDPQ) announced today its investment strategy to address climate change. This strategy covers the entire portfolio and sets out targets and actions for CDPQ to make a constructive contribution, as an investor, to the transition toward a low carbon global economy and to seize profitable investment opportunities.

"In the wake of the Paris Agreement and changing consumer choices and technology, we are already seeing markets undergoing rapid change. This new reality has prompted us to review the risk-return profile of several industries and companies. It will also create new attractive investment opportunities for our clients," said Michael Sabia, President and Chief Executive Officer.

"Our strategy is based on a fundamental commitment. From now on, climate change will factor in each and every investment decision we make across the breadth of our portfolio. In building this strategy, we have undertaken a thorough analysis of markets and institutional investors' best practices. We have also been guided by our longstanding conviction that we need to think and act as builders, in everything we do. This is why we set a short-term target to increase our investments in low carbon assets by over $8 billion, and a medium-term target to reduce our carbon footprint by 25% per dollar invested. These objectives are ambitious, achievable, and measurable, and we'll report on our progress toward them every year," he added.

This strategy is a first step for CDPQ, which will be better positioned to seize profitable investment opportunities and contribute to the fight against climate change. It includes:

Beginning in 2017, CDPQ will disclose information and data on our portfolio's greenhouse gas (GHG) emissions as part of our annual report. We will report on our progress toward the investment targets set to address climate change.

The methodology used to measure the portfolio's carbon footprint will be aligned with international best practices and validated by CDPQ's auditors as part of their annual audit of financial information.

To consult Our investment strategy to address climate changehttps://www.cdpq.com/sites/default/files/medias/pdf/en/investment_strategy_ climate_change.pdf

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

 

SOURCE Caisse de dépôt et placement du Québec


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