Article Build Back Better

Partnerships and constructive capital will reverse the tide of inequality

Perspectives Montréal,
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In the inaugural issue of New Private Markets, a publication focused on providing a fresh perspective and insights about the private capital industry, Marc-André Blanchard emphasizes the meaningful role leading investors can play to stimulate economies and addresses rising challenges. The full text of the article was published for members on March 19, 2021.

At CDPQ, we take a sustainable and long-term approach to investing – considering climate change and integrating ESG criteria into every investment decision. Our goal is to generate returns for our clients while at the same time investing constructive capital that contributes to the vitality of local economies and inclusive communities by building enterprises that drive performance and progress. This is the meaningful role leading investors can play to stimulate economies and address the rising inequalities – and consequential instability – that the world is facing, as well as fighting climate change.

The REM project (Réseau express métropolitain) – the largest public transit project in the Greater Montréal area for over 50 years – is what we consider constructive capital.

A $5B investment into Montreal rail system epitomises ‘constructive’ capital, writes Marc-André Blanchard, Executive Vice-President and Head of CDPQ Global.

Working alongside local and federal governments to deliver the green and inclusive infrastructure people need, while generating reliable returns for our depositors. Everybody wins and our vision remains firmly set on the long-term – where we believe we can build lasting value while advancing public interest.

 

The key to constructive capital falls, like never before, on our ability to develop trustworthy relationships with stakeholders and potential partners. Innovative partnerships are central to identifying opportunities around the world and better understand the risks we are facing. By combining performance and progress, we can collaborate to create and deliver projects that will have a positive impact on society for generations to come, which is essential in our progression towards a sustainable, fairer and resilient world.

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