La Caisse Commits $400 Billion To Climate Action

In a bold reaffirmation of its commitment to sustainability, Caisse de dépôt et placement du Québec (La Caisse) has launched a sweeping climate strategy for 2025–2030, pledging to invest $400 billion in climate action initiatives by the end of the decade. The announcement marks a significant escalation in La Caisse’s environmental efforts, following the successful delivery of its earlier goals, including a nearly 50% reduction in its portfolio’s carbon footprint by 2024—even as global emissions increased by 6% during the same period.

Bertrand Millot, Head of Sustainability at La Caisse, underscored the importance of the fund’s evolving strategy, noting that their proactive climate approach since 2017 has led to faster-than-expected portfolio decarbonization. “Our portfolio has decarbonized faster than anticipated,” said Millot, pointing to La Caisse’s ability to outperform on climate targets without compromising financial returns. “We’re proud to see our strategy not only deliver measurable impact but also reinforce our role as a responsible investor in a transitioning global economy.”

La Caisse’s new strategy represents more than just a financial commitment. It is a directional shift designed to influence the real economy by accelerating decarbonization across all sectors. Anchored by two foundational pillars, the plan aims to support both existing companies committed to transitioning and emerging technologies and solutions that promise a sustainable future.

The first pillar focuses on supporting companies that are integrating decarbonization goals into their business models. These businesses span a wide array of industries—from heavy manufacturing to finance and agriculture—and are evaluated based on their ability to present and act on credible, science-based emission reduction plans. La Caisse’s investment strategy will prioritize enterprises demonstrating climate ambition, operational transparency, and the willingness to align with global decarbonization pathways.

The second pillar of the strategy is dedicated to scaling future-oriented climate solutions. These fall into four distinct categories. The first includes low-carbon assets, such as renewable energy infrastructure, electric vehicle (EV) ecosystems, energy-efficient technologies, and green hydrogen projects. These assets are seen not only as essential to reducing emissions but also as areas of economic growth and innovation.

The second category targets nature-based solutions that harness the power of ecosystems to capture carbon and enhance biodiversity. This includes investments in sustainable forestland management, wetland restoration, and regenerative agriculture—approaches that balance ecological health with economic viability.

The third category encompasses adaptation and resilience initiatives. As climate risks intensify, there is a growing need for solutions that help communities and businesses adapt to environmental stressors such as flooding, heatwaves, and sea-level rise. These include investments in climate-resilient infrastructure, water management systems, and disaster risk reduction technologies.

The final category supports climate enablers—technologies, platforms, and tools that accelerate sustainable transitions. This includes software for carbon accounting, intellectual property supporting clean technology innovation, and platforms that drive efficiencies in supply chain sustainability.

Charles Emond, President and CEO of La Caisse, emphasized the fund’s evolving view of climate responsibility. “We are going beyond calculating our portfolio’s carbon emissions to work even harder on transitioning the real economy across all sectors,” Emond stated. “Sustainable investing is no longer a niche; it is central to fulfilling our fiduciary duty and ensuring long-term value creation.”

La Caisse’s climate action blueprint aligns closely with its overarching ambition of achieving a net-zero portfolio by 2050. The strategy reflects an understanding that capital allocation can be a powerful lever in steering market behavior and influencing global climate outcomes. By investing in decarbonization across industries and backing future-ready climate solutions, La Caisse aims to not only reduce its exposure to carbon-intensive assets but also contribute meaningfully to the broader energy transition.

The plan also responds to increasing pressure from stakeholders, regulators, and society at large to address climate change through tangible, forward-looking action. With this new strategy, La Caisse joins the growing ranks of global institutional investors who recognize the financial, social, and environmental imperative of aligning portfolios with a 1.5°C climate scenario.

By 2030, La Caisse expects to have mobilized $400 billion in climate-aligned investments—an ambitious goal that cements its leadership in responsible investing. At a time when the world is grappling with the escalating impacts of climate change, La Caisse’s comprehensive and actionable plan sends a powerful message: the path to sustainability lies not in passive measurement, but in bold, transformative investment.