La Caisse de dépôt et placement du Québec will pour $400 billion in sustainability over the next five years, the pension-fund manager announced.

La Caisse said it will support companies making green investments between now and year-end 2030. The plan has widespread implications for commercial real estate firms, investments and projects. Although La Caisse has committed the funds to global ventures, much of the investment is likely to affect Quebec due to the organization’s mandate to support investment in the province.

“Today, we reaffirm our convictions in sustainable investing, as they are at the heart of our fiduciary responsibility. We are demonstrating even greater ambition by going beyond calculating our portfolio’s carbon emissions to work even harder on the transition of the real economy by promoting the implementation of clear and credible decarbonization plans within the companies in which we invest, in all sectors of the economy,” said La Caisse President and CEO Charles Emond. 

The strategy is based on two main pillars: Investing in companies that integrate climate into their business models and investing in future-oriented climate solutions, including those tied to low-carbon assets, nature, adaptation and resilience, and enablers.

“We aren’t doing this to save the planet; we are doing this to make money,” Betrand Millot, La Caisse’s chief sustainable investment officer, told Bloomberg.

“Since 2017, our climate approach has paid off: Our portfolio has decarbonized faster than anticipated,” said Millot in a news release.

At year-end 2024, La Caisse had exceeded its climate-related investment targets set in 2017 and raised in 2021.

“By actively supporting companies in integrating climate issues into their business models, we will leverage the expertise and commitment of our teams to accelerate the transition in Quebec and the rest of the world,” said Millot in the news release.

La Caisse aims to a have net-zero investment portfolio by 2050.

Pictured: Building owned by La Caisse.

Photo: La Caisse