CDPQ's 2022 Report: Sustainable Investing

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by KnowESG
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Image courtesy of CDPQ

CDPQ has released its report on Sustainable Investing for the fiscal year that concluded on December 31, 2022.

CDPQ has released its Sustainable Investing Report for the fiscal year ending December 31, 2022, which showcases its actions and achievements in sustainable investment. Here are some key highlights:

Environment

  • CDPQ is making significant progress towards achieving a net-zero portfolio by 2050.

  • It has $47 billion in low-carbon assets, including $12 billion in Québec, marking a global increase of $29 billion in low-carbon assets since 2017.

  • Over $300 billion is invested in low-carbon assets or low-carbon sectors.

  • The portfolio's carbon intensity has been reduced by 53% since 2017.

  • Three transactions were completed as part of the transition envelope to reduce emissions from the largest emitting companies.

  • The exit from the oil sector is almost completed.

Social

  • CDPQ believes that diversity in all forms promotes a fairer, more inclusive, and high-performing economy.

  • Women represent 45% of its staff, and it aims to achieve 47% female representation by 2025.

  • 52% of actively managed public companies in its portfolio have at least 30% women on their Boards of Directors, a 27% increase in two years.

  • CDPQ has committed to encouraging best tax practices, including compliance with a minimum tax rate of at least 15% as recommended by the OECD and supported by the G20, making it one of the only investors in the world to do so.

Governance

  • CDPQ believes that sound governance is crucial for performance and risk management and promotes best practices.

  • It assists several portfolio companies, including nine in Québec, in integrating ESG factors into their processes.

  • It raises awareness of ESG issues for 175 portfolio companies and 63 external managers.

  • It exercises its voting rights to vote on 54,337 resolutions at 5,537 shareholder meetings.

Charles Emond, President and CEO of CDPQ, stated, "Every day, our approach is guided by our responsibility towards the six million Quebecers who entrust us with their savings. CDPQ uses its constructive capital to take meaningful action for current and future generations. Recognised here and internationally, this leadership in sustainable investment is our pride."

Marc-André Blanchard, Executive Vice-President and Head of CDPQ Global and Global Head of Sustainability added, "The combination of the diversified expertise of our teams and their knowledge of the markets allows us to innovate to concretely address the financing of the transition. We are also involved in many international actions to catalyse solutions that promote sustainable investing and that will have a positive impact on the communities and the companies in which we invest."

The 2022 Sustainable Investing Report is available for reference online.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: CDPQ

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