The Caisse de dépôt et placements du Québec (CDPQ) was chosen as the investment fund of the year in the world by Global SWF, a firm that monitors and analyzes the returns of approximately 400 public funds from just worldwide.
“The CDPQ has become one of the most significant, active and sophisticated global investors in the world, analyzed SWF in its annual report. Over the past ten years, the fund has consistently ranked among the top ten investors and is also a regular seller, knowing how to identify good opportunities to monetize its domestic and overseas holdings.”
The firm also praised the CDPQ’s position on sustainable investing. It should be recalled that the Caisse divested itself of its last assets in the oil sector in 2022.
“Decarbonization is now part of our culture and our DNA and we are making it our priority. […] Today, for each of our dollars, we have 50% less carbon intensity than five years ago,” commented the President and CEO of the CPDQ, Charles Émond, in an interview relayed by Global SWF. .
More broadly, the firm was impressed by Canadian pension funds. Thus, the CDPQ found itself at the top of the Global SWF scorecard in 2022 with a score of 96%, tied with three other public pension funds, as well as with four sovereign wealth funds in the world.
Two other entities to have obtained 96% are the Canada Pension Plan and the British Columbia Pension Fund, according to the list compiled after the evaluation of 25 elements of the various funds in terms of governance, of sustainability and resilience.