2021 Annual Report

Investing in a sustainable future

2021 Annual Report

2021 Annual Report

Additional Information and GIPS Report

2021 Highlights

As a global investment group rooted in Québec, CDPQ aims to deliver optimal performance over the long term.

Total portfolio geographic exposure

As at December 31, 2021

$419.8 B

Net assets as at December 31, 2021

2021 results

13.5%

Return

$48.7 B

Investment results

Results over 5 years

8.9%

Annualized return

$141.0 B

Investment results

Results over 10 years

9.6%

Annualized return

$241.0 B

Investment results

Results by Asset Class

$201.2 B

Net assets as at December 31, 2021

13.7%

Annualized return over 5 years

24.6%

2021 return

Net assets by portfolio and mandate

$129.4 B

Net assets as at December 31, 2021

4.5%

Annualized return over 5 years

-0.6%

2021 return

Net assets by portfolio

$87.4 B

Net assets as at December 31, 2021

4.8%

Annualized return over 5 years

13.6%

2021 return

Net assets by portfolio

Our Clients: Quebecers

We seize promising investment opportunities to meet our clients’ long-term needs.

CDPQ at a glance

Our Main Depositors

Depositors logos Depositors logos

For our 8 largest depositors, we have achieved returns ranging from:

9.3% to 15.9%

in 2021

7.6% to 9.8%

over 5 years

8.2% to 10.6%

over 10 years

Growing Québec’s Economy and Companies

Our mission: generate returns while contributing to economic development.

$78 B

Total assets
in Québec

Historic increase
in total assets in Québec

+$10 B

In one year

 

$6.5 B

New investments and commitments in 2021

 

$60 B

In the Québec private sector

 

Key investments in Québec in 2021

We develop ambitious initiatives to support our companies’ success and encourage Québec’s next generation.

Ambition ME

Ambition ME

Redefined in 2021, our financing solutions and support services offering aims to propel mid-market Québec companies with strong development potential to the next stage of their growth.

Learn more

Repères numériques

Repères numériques

This training and coaching program was created in 2021 to support Québec SMEs in implementing a digital business culture within their organization.

Learn more

Cheffes de file

Cheffes de file

Launched by CDPQ in 2018, this community of practice aims to accelerate the growth of companies owned by women with sales of $5–20 million.

Learn more

Demi-cercles

“In 2021, we continued working to deliver a strong performance as an investor and partner of choice on a global scale. I’m proud of our teams’ achievements, which have seen CDPQ generate its best absolute and relative returns in over ten years.”

Charles Emond
President and Chief Executive Officer

Long-term Partnerships

We cultivate quality business relationships to maximize our impact.

Selected partnerships and investments around the world in 2021

Sustainable Investing

Sustainable Investing Report

Our constructive capital creates lasting benefits in communities.

$39 B

Low-carbon assets in the portfolio, up $21 B in 4 years

49%

Reduction in the portfolio’s carbon intensity since 2017

Sustainable Investing Report

2021 Annual Report

For a complete overview of our 2021 results, our achievements and our progress in Québec and around the world: