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Sign in Sign up for a FREE subscriptionCDPQ launches new climate strategy
The Caisse de dépôt et placement du Québec (CDPQ) has set a goal of achieving a net-zero portfolio by 2050.
Since implementing the organization's first climate strategy in 2017, the Canadian institutional investor has surpassed its targets and is now looking to intensify its efforts.
CDPQ said it will base its new climate strategy on four pillars to meet the transition's major challenges:
Hold $54 billion in green assets by 2025. Achieve a 60 percent reduction in the carbon intensity of the total portfolio by 2030. Create a $10 billion transition envelope to decarbonize the main industrial carbon-emitting sectors. Complete its exit from oil production by the end of 2022."The climate situation affects everyone, and we can no longer address it with the same methods used a few years ago," said Charles Emond, president and CEO of CDPQ. "The urgent need to act demands that we do more, faster, and that we innovate. We
