Montreal, October 19th, 2017 – Cycle Capital Management, Canada’s leading cleantech venture capital platform, welcomes the Caisse de dépôt et placement du Québec’s (CDPQ) investment strategy on climate change announced yesterday. With this commitment, CDPQ, one of Cycle Capital’s investor, not only set ambitious targets and concrete actions in the fight against climate change, but also takes a lead position as an investor in the transition to a low carbon economy.
“It is an important and clear message CDPQ is sending to all the major assets managers worldwide. With a $8 billion increase in low carbon investments, CDPQ, already an important investor in renewable energy, sends a strong signal that climate change is already affecting our economy and we need to invest in clean technologies to tackle this issue. This strategy also demonstrates low carbon investments generate significant and profitable investment opportunities,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management.
This new investment strategy will factor climate change in every investment decision through the entire CDPQ’s portfolio. It will also increase CDPQ’s low carbon investments by 50% by 2020 and reduce its carbon footprint by 25% per dollar invested by 2025.
About Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and the most active cleantech venture capital firm in Canada. CCM invests in companies developing and commercializing clean technologies and striving to reduce greenhouse gas emissions, optimizing resource use, and improving process efficiency throughout a product’s life cycle.
With assets under management of $230M, CCM invests in North America. Headquarted in Montreal with offices in Toronto, New York, Seattle and Qingdao in China, CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. Cycle Capital Management has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec. For more information on Cycle Capital Management, visit: www.cyclecapital.com .
Catherine Bérubé
Head of communications and public relations
[email protected]
+1 514 629-1022