Caisse de Depot et Placement du Quebec, Montreal, agreed to commit up to $125 million to a fund that aims "to make the food and agriculture industry more sustainable and climate friendly."
The C$333 billion ($250 billion) pension fund announced the commitment to venture capital fund S2G Ventures in a news release Wednesday. The commitment will be made over the next three years, Conrad Harrington, a CDPQ spokesman, confirmed.
"By enabling investments in ventures and growth equity companies involved in the production, supply chain and consumption stages, this partnership will help reduce the agri-food industry's carbon footprint," said Kim Thomassin, executive vice president and head of investments in Quebec and stewardship investing at CDPQ, in the release.
