The Caisse de dépôt et placement du Québec is launching a suite of financing solutions and support services designed to appeal to Quebec’s mid-market companies.
Ambition ME is designed to support high-growth potential companies requiring between $5 million and $75 million financing in order to take them to their next stage of growth. The Caisse is aiming for the suite to support companies that are changing their technologies, environment, social and governance strategies and management practices.
In a press release, Geneviève Bouthillier, managing director of private mid-market companies and stewardship investing at the Caisse, said the organization is seeking to meet the changing needs of mid-sized companies. “Today’s entrepreneurs have international ambitions and embrace skills development, technology integration and ESG. They approach business practices differently. [The Caisse] tailors its offerings so that these companies can achieve their ambitions.”
In other news, the Canada Pension Plan Investment Board is investing about $25.18 million in a new partnership with an environmental organization to offer certified carbon credits to the private market.
The partnership between the CPPIB and the Virginia-based NGO Conservation International will invest in local communities to enable private sector businesses to purchase certified carbon credits. The initial focus will be projects in Brazil, Chile, Colombia and Peru. When completed, it will be verified by a United Nations-backed framework that aims to curb climate change by stopping the destruction of forests.
In a press release, Bruce Hogg, managing director and head of the sustainable energies group at the CPPIB, said the organization expects the global demand for carbon credits to increase as companies seek to achieve carbon neutrality. “We’re very excited to form this unique partnership with Conservation International, one of the world’s leading conservation organizations with a strong scientific focus and operating expertise.”