Caisse de Depot et Placement du Quebec, Montreal, reported C$36 billion ($28.2 billion) in low-carbon assets in its overall C$365.5 billion portfolio as of Dec. 31.
The amount is up from the C$34 billion in low-carbon assets in CDPQ's portfolio a year earlier and double the C$18 billion in low-carbon assets held in 2017 when the pension fund launched its low-carbon investment strategy, according to the pension fund's 2020 Stewardship Investment Report published on its website Wednesday.
The report also said CDPQ has reduced the portfolio's carbon intensity by 38% since 2017, well above the prior goal of reducing the carbon intensity per dollar invested by 25% by 2025.
The pension fund also noted it has adopted a target for its portfolio companies' boards of directors to consist of at least 30% women members by 2022, and women to represent 30% of those holding positions representing CDPQ on those boards by 2023.
CDPQ's 2020 Stewardship Investing Report is available on its website. Currently only available in a French version, the pension fund said an English version will be available the week of April 26.
