CDPQ and S2G Ventures Announce Partnership to Invest in Climate Opportunities

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Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, and S2G Ventures (S2G), a leading multi-stage investment firm, announced today the creation of a co-investment partnership where CDPQ will invest up to US$125 million over the next 3 years in ventures that aim to make the food and agriculture industry more sustainable and climate friendly. The co-investment agreement between CDPQ and S2G results from CDPQ’s partnership with CREO Family Office Syndicate (CREO), a New York City-based not-for-profit organization that aims to galvanize capital into low carbon solutions. S2G was selected by CDPQ after a full market review of potential partners. By providing an opportunity to invest behind entrepreneurs that are developing concrete solutions to climate change, the agreement will further the two organizations’ shared core principles and objectives, including a long-term outlook and a commitment to sustainable investing. false false false Since 2017, CDPQ has committed to reducing its portfolio’s carbon footprint by 25% per dollar invested by 2025. By doing so, CDPQ became the first institutional investor in North America to set a greenhouse gas intensity reduction target covering all its asset classes. Climate is now factored into all its investment decisions, affording it an essential position to make its portfolio more sustainable. As at December 31, 2019, CDPQ’s portfolio of low-carbon assets was US$34 billion, up 95% from 2017. S2G backs trailblazing entrepreneurs that are improving the overall health and sustainability of the food system. For the last six years S2G has invested behind the founders of successful food and agriculture companies from soil to shelf including Beyond Meat, sweetgreen, Apeel Sciences, Greenlight Biosciences, MycoTechnology and many others. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2020, it held CA$333.0 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT S2G VENTURES S2G Ventures is a multi-stage venture fund investing across the food, agriculture, oceans and seafood markets. The fund's mission is to catalyze innovation to meet consumer demands for healthy and sustainable food systems. S2G has identified sectors across the food system that are ripe for change, and is building a multi-stage portfolio including seed, venture and growth stage investments. Core areas of interest for S2G are agriculture, oceans, ingredients, infrastructure and logistics, IT and hardware, food safety and technology, retail and restaurants, and consumer brands. For more information about S2G, visit www.s2gventures.com, tune-in to our podcast or connect with us on LinkedIn.