As actors committed to sustainable finance, we are here today, at COP28, to mobilize our peers and our entire network — made up of governments, civil society and partners from across the world. world.
Expectations have never been as high as since the Paris Agreement: financial flows must be made more aligned and more compatible with sustainable development and more resilient to climate change. Our position is clear: finance must be part of the answer.
We need a comprehensive and systemic approach. And it starts at home, with increased collaboration between financial players, civil society, science and governments.
Innovate for nature
The Caisse de dépôt et placement du Québec and Fondaction aim for a similar objective: to contribute to the retirement of millions of Quebecers. The capital entrusted to us is deployed in companies, funds and projects with a sustainable perspective. The challenges are great, as are the opportunities to be seized to promote the transition.
Internationally, our organizations actively participate in several initiatives that develop concrete tools and share their expertise to influence and accelerate better alignment of capital with sustainable development. And these reflections are also made here, in Quebec, in order to constantly improve our sustainability practices.
An example of this close collaboration is embodied in an innovative research project aimed at producing around ten biodiversity indicators that will allow Quebec investors to make better decisions. A unique mobilization of stakeholders in the sector thanks to a partnership in the financial sector with the Society for Nature and Parks (SNAP Québec), Biodiversité Québec and the University of Sherbrooke.
Our responsibility as investors
We know: we must respond to people’s growing ambitions. And we do this by mobilizing part of their collective savings in order to invest it to grow it, while protecting our environment. By investing and acting in concert with our portfolio companies. And by activating the resources and expertise necessary for change. Our ambition is to bring to life concrete solutions that will help address our common challenges and improve the quality of life of present and future generations.
As we enter 2024, the expectations and challenges are great. Governments alone cannot do this. The private sector alone cannot achieve this.
The impact of climate change is real and will accelerate if we do not act. This is happening now. The driving forces of all sectors must come together and actively participate in accelerating the transition. This is the message we are bringing to COP28 right now.