Québec investments remain a significant portion of low-carbon assets
La Caisse reported $226 billion in climate action investments as of Dec. 31, 2025, according to its 2025 Sustainable Investing Report released Tuesday, highlighting continued expansion of its climate strategy despite what it described as a challenging global environment for sustainable finance.
According to the report, the institution reached $226 billion in climate-related investments, up from $158 billion at the end of 2024, an increase of $68 billion in one year. The figures form part of a broader 2025–2030 climate strategy targeting $400 billion in climate action investments aimed at accelerating decarbonization across companies and sectors.
Low-carbon assets and decarbonization lead growth
La Caisse said its approach includes investments in low-carbon assets, climate solutions, resilience projects, and companies with formal decarbonization plans. As of year-end 2025, it reported $156 billion invested in companies with emissions reduction targets and $70 billion in climate solutions, including $65 billion in low-carbon assets. About $20 billion of those low-carbon investments were located in Québec.
“Sustainable investing had a tough time in 2025. Climate commitments, as well as social issues, faced numerous challenges. But not at La Caisse. Staying true to our convictions despite the headwinds, which have grown stronger, is something we can all be proud of,” said Charles Emond, president and chief executive officer of La Caisse.
“As a long-term investor, we need to gain some perspective and analyze the underlying trend to look beyond short-term upheavals. As the manager of the savings of six million Quebecers, we want to generate performance while doing what’s responsible for future generations.”
“In a rapidly changing environment, our responsibility as a long-term investor is to take concrete action. At La Caisse, this reality compels us to rigorously and pragmatically refine our practices to fully integrate sustainability into the heart of our investment activities,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at La Caisse.
“This approach also enables us to support our portfolio companies and anticipate the risks and opportunities associated with the major transitions currently underway–whether involving the climate, technology, or society. In doing so, we reaffirm our ambition: to be a leading, influential and high-performing investor, both today and for future generations.”
On social indicators, La Caisse reported 48% of employees are women, and 43% of its board is female. It also said 28% of employees in Canada identify as members of visible, ethnic, or Indigenous groups. Among its actively managed public companies, 76% had at least 30% women on their boards, while 339 notices were issued to enforce pre-investment tax criteria.
On governance, the institution said it supported 12 Québec companies in integrating sustainability into business strategy and held discussions with 451 portfolio companies on issues including artificial intelligence and human rights. It also reported voting on 32,169 resolutions across 3,052 shareholder meetings and opposing the reappointment of directors at 35 companies due to climate inaction.
La Caisse said its net assets totalled $517 billion as of Dec. 31, 2025.
