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Montréal — Caisse de dépôt et placement du Québec (La Caisse) has announced a new climate strategy that commits $400 billion toward climate-related investments by 2030, following the fund’s substantial progress in reducing its carbon footprint.
The updated 2025–2030 plan builds on La Caisse’s earlier climate commitments and reflects strong results: by 2024, the institutional investor had achieved a nearly 50% reduction in its portfolio’s carbon intensity since 2017 — significantly outpacing global trends, where emissions rose approximately 6% over the same period.
“Since 2017, our approach to the climate has paid off: our portfolio has decarbonized faster than anticipated,” said Bertrand Millot, Head of Sustainability at La Caisse.
The fund’s new strategy focuses on accelerating decarbonization across the real economy and scaling future-focused climate solutions, while continuing to meet long-term return objectives for its depositors.
Key Investment Pillars:
La Caisse’s $400 billion climate allocation will target four major investment categories:
- Low-Carbon Assets – Investments in renewable energy, clean mobility (e.g. electric vehicles), and infrastructure supporting a low-emissions economy.
- Nature-Based Solutions – Projects involving forest conservation, wetlands restoration, and regenerative agriculture.
- Climate Adaptation and Resilience – Technologies and infrastructure that help communities manage and withstand climate impacts.
- Climate Solution Enablers – Tools such as climate-focused software, intellectual property, and digital infrastructure that facilitate decarbonization across sectors.
The strategy also emphasizes capital deployment in companies with credible decarbonization plans, including those in traditionally carbon-intensive sectors, provided they demonstrate clear, actionable commitments to transition their operations.
“We are going beyond measuring emissions to actively drive change across the real economy,” said Charles Emond, President and CEO of La Caisse. “Sustainable investing is core to our fiduciary responsibility — this is how we deliver long-term value and manage systemic risk.”
The fund’s broader objective remains a net-zero portfolio by 2050, in line with global climate goals. La Caisse’s new initiative reflects growing investor emphasis on climate-aligned capital deployment as both a risk management strategy and a lever for economic transformation.
La Caisse, one of Canada’s largest pension fund managers, oversees assets on behalf of public and parapublic pension and insurance plans in Québec, with more than C$400 billion under management as of 2024.
