Indicators to measure the impact of Quebec investments on biodiversity will be developed by the Caisse de depot et placement du Quebec (CDPQ), Fondaction, the Society for Nature and Parks (SNAP Quebec), the Center de la science de biodiversity of Quebec (CSBQ) and the University of Sherbrooke.
This development will allow, for the first time in Canada, the mobilization of actors in the field of conservation, biodiversity, research and finance for the conservation of biodiversity in Quebec.
“The way our collective savings are invested can reduce our impact on nature and even, in some cases, help restore it,” explained Diego Creimer, Finance and Biodiversity Director of SNAP Quebec.
The indicators resulting from this project will provide a common frame of reference to assess the impacts of investments on biodiversity and to improve decision-making.
“There is no competition when it comes to biodiversity loss, climate change and social inequality. The challenge is colossal and it is only by working together and in the same direction that we will succeed,” said Geneviève Morin, President and CEO of Fondaction.
“This unique project will provide common indicators specific to Quebec on which investors like the CDPQ can rely and thus have a positive impact on society and nature,” said Marc-André Blanchard, Senior Vice-President and Chief CDPQ Global and Global Head of Sustainable Investing, CDPQ.
The two-year research project, at the end of which will be developed tools aimed at better guiding the choices of investors to preserve and protect nature and its essential services to populations, is led by Félix Landry, postdoctoral researcher with Professor Dominique Gravel at Sherbrooke University.