Caisse de dépôt et placement du Québec (CDPQ) is a global investment group based in Quebec City, Canada. Founded in 1965, it oversees funds for public and parapublic pension and insurance plans in Quebec and manages a portfolio spanning more than 60 countries. Recognized among the largest institutional investors in North America, CDPQ aligns capital with a long-term view and integrates sustainable principles at every level.
The firm allocates resources across public equities, fixed income, real estate, infrastructure, private markets and funds managed externally. By balancing these components, it aims to deliver stable returns while addressing environmental, social and governance considerations. CDPQ issues detailed annual and sustainable investment reports, monitors performance against clear targets and maintains transparent governance under a board of directors and executive committee.
Clean technology and battery manufacturing have become key areas of focus. In late 2023, CDPQ invested C$200 million in Northvolt’s lithium-ion gigafactory near Montreal to support production and recycling of battery cells using renewable power. A joint commitment of up to US$125 million with Energize Ventures backs startups that combine digital tools with decarbonization goals. Equity investments in Invenergy contribute to over 20 gigawatts of wind, solar and storage capacity. In partnership with Nuveen Green Capital, CDPQ launched a USD 600 million program for energy efficiency and renewables in U.S. commercial real estate. A C$200 million platform with a federal finance agency supports sustainable agriculture. Through these efforts and dedicated funds, CDPQ seeks to advance technologies that lower emissions and reinforce local supply chains.
