Investing constructive capital means innovating and creating opportunities to grow our portfolio companies while contributing to a sustainable and inclusive economy. This is how we exercise leadership.
We help advance best practices in sustainable investing, and we encourage our portfolio companies and external managers to implement them. The complete list of the initiatives in which we are involved can be found at the end of this section.
By joining the Diversity in Action initiative of ILPA, a group of international asset managers, we have committed to taking concrete actions, such as collecting and assessing diversity, equity and inclusion (DEI) related data from our external managers. We have taken part, along with other members, in various round tables and advisory board meetings to discuss DEI. We are also involved in the ESG Data Convergence Initiative, for which ILPA serves as official Secretariat, to promote ESG data disclosure in private markets.
We are actively involved in the SBAI, a global alliance of asset managers that promotes responsible practices. In 2022, we participated in several meetings of the Culture & Diversity Working Group. CDPQ was also the subject of a case study published in an SBAI report entitled Increasing Diversity in Allocator Portfolios. Among other things, the organization highlighted our focus on DEI matters in our analyses of externally managed investment opportunities, our enhanced operational due diligence process with respect to DEI and ESG considerations, as well as the extensive review we conducted of the DEI practices of our external managers around the world.
We have renewed our commitment to the Canadian Chapter of the 30% Club in the context of the evolution of its pledge. The organization, which has a target of 30% representation of women on the Boards and executive teams of S&P/TSX-listed companies, has now set another target to increase the presence of underrepresented groups. Alongside this organization, we take part in several meetings to promote diversity best practices to our portfolio companies, and we have also taken part in a collaborative engagement effort — see the Constellation Software case study.
In 2022, CDPQ invited several portfolio companies recognized for their DEI and climate actions to attend in a roundtable discussion to share best practices on these issues. The discussion included a review of the roles played by businesses and investors in creating more sustainable and inclusive communities. More than 130 leaders from our private equity firms attended the event, which provided an opportunity to share innovative initiatives, practical recommendations and courses of action.
CDPQ participates in and works closely with numerous groups to advance sustainable investment practices.
Name | Mission | Targeted region | Sector |
---|---|---|---|
30% Club | Organization that targets having 30% women and the increased presence of other underrepresented groups on Board of Directors and management teams of companies listed on the S&P/TSX Composite Index | Canada | S |
UN-convened Net-Zero Asset Owner Alliance | Coalition of investors committed to a net-zero economy | Global | E |
Association of Quebec Women in Finance (AFFQ) | Network and place for discussion dedicated to the professional advancement of women in finance | Québec | S |
Responsible Investment Association (RIA) | Association that contributes to the growth and development of responsible investment | Canada | ESG |
Canadian Investor Statement on Diversity & Inclusion | Canadian Investor Statement on Diversity & Inclusion | Canada | S |
Asia Investor Group on Climate Change (AIGCC) | Group of Asian investors working to create awareness on climate change among financial players | Asia | E |
Asian Corporate Governance Association (ACGA) | Organization dedicated to implementing sound corporate governance practices | Asia | G |
Canadian Coalition for Good Governance (CCGG) | Coalition of Canadian investors that seeks to encourage corporate governance best practices | Canada | G |
Carbon Disclosure Project (CDP) | Initiative on environmental disclosure | Global | E |
CDP Science-Based Targets Campaign | Coalition that seeks to encourage companies to set targets for reducing greenhouse gas (GHG) emissions | Global | E |
Catalyst | Organization that helps create inclusive workplaces for women | Global | S |
Ceres | Organization promoting sustainable finance | Global | E |
EDGE+ Certification | Certification that measures DEI in the workplace | Global | S |
CFO Leadership Network - Accounting for Sustainability (A4S) Initiative | Group of chief financial officers from international organizations involved in sustainable finance | Global | ESG |
Chambre de commerce LGBT du Québec | Organization that represents and supports the LGBT business community in order to foster success among its members and encourage their recognition in different socio-economic groups and by governments | Québec | S |
Climate Action 100+ | Campaign to raise awareness among large corporate GHG emitters | Global | E |
Climate Bonds Initiative (CBI) | Organization that develops standards and raises awareness on the importance of green bonds | Global | E |
Collège des administrateurs de sociétés (CAS) | Francophone institution dedicated to training Board members | Québec | G |
Sustainable Finance Action Council | Federal government advisory committee on sustainable finance issues | Canada | ESG |
Quebec Business Council on the Environment (CPEQ) | Organization that represents the business sector on questions related to the environment and sustainable development | Québec | E |
Council for Cyber and Business Security of the Conference Board of Canada | Discussion group focused on best practices in cybersecurity | Canada | G |
CEO statement of Canada’s eight largest pension fund managers | Statement calling on companies and investors to encourage sustainable and inclusive economic growth | Canada | ESG |
Écotech Québec | Organization that maximizes opportunities to develop and deploy clean technologies | Québec | E |
Farm Animal Investment Risk & Return (FAIRR) | Investor network working on ESG issues in the food sector | Global | ESG |
Focusing Capital on the Long Term (FCLTGlobal) | Organization that conducts research and develops tools to encourage long-term investments | Canada | ESG |
Finance Montréal | Organization dedicated to developing the financial sector | Québec | ESG |
Statement by the Quebec Financial Centre for a Sustainable Finance | Charter of commitments by stakeholders in the Québec financial sector, initiated by Finance Montréal, in favour of finance based on responsible principles | Québec | ESG |
Glasgow Financial Alliance for Net Zero (GFANZ) | Coalition of leading financial institutions that aims to accelerate the transition to a net-zero global economy by 2050 | Global | E |
Global Investors for Sustainable Development Alliance (GISD) | Organization committed to increasing long-term financing and investment in sustainable development in line with UN goals | Global | ESG |
Institute of Corporate Directors (ICD) | Organization that encourages excellence on Boards of Directors to strengthen corporate governance | Canada | G |
Institute for governance of private and public organizations (IGOPP) | Research and training institute that aims to improve public and private organization governance | Québec | G |
Institutional Investors Roundtable | Collaborative network of pension funds and sovereign wealth funds | Global | ESG |
Institutional Limited Partners Association - ILPA | Group of international asset managers committed to working together to improve industry practices, particularly on ESG and DEI issues | Global | ESG |
Diversity in Action Initiative | Initiative aimed at advancing DEI in private equity | Global | S |
ESG Data Convergence Initiative | Initiative that aims to foster a convergence on ESG measures in private markets | Global | ESG |
BlackNorth Initiative | Initiative to end systemic racism against the Black community and persons from visible minorities | Canada | S |
United Nations Environment Programme – Finance Initiative (UNEP FI) | UN program to catalyze action in the financial community on environmental issues | Global | E |
International Corporate Governance Network (ICGN) | Group of investors that promotes sound governance principles | Global | G |
International Sustainability Standards Board (ISSB) - IFRS Foundation | Organization that is developing a global framework and disclosure standards for ESG factors | Global | ESG |
The A Effect | Initiative that seeks to drive female ambition | Québec | S |
Women in Governance | Organization that supports women’s leadership and career advancement | Canada | S |
Legal Leaders for Diversity and Inclusion | Organization that promotes diversity in the legal community | Canada | S |
The Prosperity Project | Organization created to stop COVID-19 from setting back women | Canada | S |
Les Cheffes de file | CDPQ initiative to propel the growth of women-owned businesses | Québec | S |
Montréal Climate Partnership | Coalition of Montréal organizations working to fight climate change | Québec | E |
Pension Investment Association of Canada (PIAC) | Forum for Canadian pension plans to share information and knowledge | Canada | G |
Powering Past Coal Alliance (PPCA) | Coalition of governments and businesses working to end the use of coal | Global | E |
Pride at Work Canada | Organization that empowers employers to build workplaces that celebrate all employees | Canada | S |
Principles for Responsible Investment (PRI) | Organization responsible for the UN's sustainable finance principles | Global | ESG |
Financial sector statement on biodiversity for COP15 | Commitment of international financial institutions to support biodiversity conservation and restoration through their investments | Global | E |
Rep Matters | Initiative whose mission is to support Black entrepreneurs and offer networking opportunities | Canada | S |
Investor Leadership Network (ILN) | International coalition of investors involved in sustainable finance | Global | ESG |
Joint Engagement Letter on Diversity | Engagement by the members of the ILN toward DEI | Global | S |
Réseau des femmes d’affaires du Québec (RFAQ) | Organization that promotes the growth of women-owned businesses through coaching and mentoring to help them access new markets | Québec | S |
SASB Standards | International standards for companies to disclose their sustainability information | Global | ESG |
Say on Climate | Initiative to promote consultative voting on corporate climate plans | Global | E |
Standards Board for Alternative Investments (SBAI) | Organization to improve responsible practices, partnerships and knowledge on alternative investments | Global | ESG |
Sustainable Markets Initiative (SMI) | Coalition of financial players involved in the fight against climate change and in protecting biodiversity | Global | E |
Terra Carta | Initiative to provide companies with a roadmap to 2030 to build an ambitious and sustainable future | Global | E |
Task Force on Climate-related Financial Disclosures (TCFD) | Task force that supports asset owners and fund managers in their climate change disclosure strategies | Global | E |
Taskforce on Nature-related Financial Disclosures (TNFD Forum) | Consultative group collaborating on disclosure and management of nature-related risks | Global | E |
Tobacco-Free Finance Pledge | Coalition to encourage the financial community to withdraw from the tobacco industry | Global | ESG |