The Caisse de dépôt et placement du Québec is reporting nearly 80 per cent, or $330 billion, of its total portfolio is invested in assets with a low-carbon footprint.

In its latest sustainable investing report, the Caisse said it holds $6.2 billion worth of transition assets looking to decarbonize their operations. The investment organization exceeded a $54 billion target in low-carbon assets by 2025 through $58 billion investments, including $15.5 billion in Quebec.

Indeed, the Caisse has decreased its portfolio’s carbon intensity by 69 per cent since 2017, exceeding a 60 per cent reduction target by 2030.

Read: Caisse reports more than $53 billion in low-carbon assets

In 2024, it focused on the maturity of the climate management practices of companies in its infrastructure portfolio in accordance with recommendations from the task force on climate-related financial disclosures.

Last year, the Caisse used its voting opportunities as a shareholder to support 47 per cent of shareholder proposals on environmental issues. It also voted on 34,857 resolutions at 3,326 shareholder meetings to express its sustainability convictions.

In a press release, Charles Emond, president and chief executive officer at the Caisse, said sustainable investing is an integral part of their fiduciary duty.

“We will need to continue finding the balance between ambition and pragmatism in our approach to take into account the current environment that companies are navigating. But always with a long-term view in order to have assets that are well positioned for the future.”

Read: Caisse returns 9.4% in 2024, net assets grow to $473BN