Indicators measuring the impact of investments in Quebec on biodiversity are provided by the Caisse de depot et Placement du Quebec (CDPQ), Fondaction, the Society for Nature and Parks (SNAP Quebec), the Center de la Science de Biodiversity of Quebec (CSBQ ) and the University of Sherbrooke.
This development will allow for the mobilization of conservation, biodiversity, research and funding stakeholders for the conservation of Quebec’s biodiversity for the first time in Canada.
“The way our collective savings are invested can reduce our impact on nature, and in some cases even help restore it,” said Diego Creimer, finance and biodiversity director of SNAP Quebec.
The indicators resulting from this project will provide a common frame of reference to assess the impact of investments on biodiversity and improve decision-making.
“When it comes to biodiversity loss, climate change and social inequality, there is no competition. The challenge is colossal and only together and in the same direction will we succeed,” said Geneviève Morin, President and CEO of Fondaction.
“This unique project will provide common Quebec-specific indicators that investors like the CDPQ can rely on to have a positive impact on society and nature,” said Marc-André Blanchard, Senior Vice-President and Chief CDPQ Global and Global Head of Sustainable Investing, CDPQ.
The two-year research project, which will end with the development of tools aimed at better guiding investors’ decisions to conserve and protect nature and its essential services for the population, is led by Félix Landry, post-doctoral fellow with Professor Dominique Gravel in Sherbrooke, headed university.