New CDPQ Commitments Demonstrate Bold Investment on Climate
October 18, 2017 /3BL Media/ - A new strategy announced today by Caisse de dépôt et placement du Québec, the second largest Canadian pension fund with more than USD $228 billion in assets under management, demonstrates that they are committed to tackling climate change risks and seizing investment opportunities embedded in the low-carbon economy, Ceres said in a statement today.
The CDPQ strategy includes commitments to increase its already significant low carbon investments by 50 percent by 2020, and to reduce the carbon intensity of its portfolio by 25 percent by 2025 across all asset classes, making CDPQ the first institutional investor in North America to set such a goal.
Mindy Lubber, Ceres CEO and President, added:
These are incredibly important commitments by a recognized investment leader in the Ceres Investor Network that will send a strong message that climate change presents real investment risks and opportunities that all institutional investors should and need to address in their strategies.
We look forward to working with CDPQ to help them meet their climate goals in the coming years, and we will continue to offer guidance on how other investors can take similar action consistent with their fiduciary duty to their beneficiaries. Tackling climate change presents the greatest economic challenges and opportunities of our time, and CDPQ has taken a critical step to show it understands that reality.
Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. For more information, visit www.ceres.org and follow @CeresNews.