Bloomberg Law
Oct. 20, 2020, 3:00 PM

Quebec Pension Launches Fund to Boost Diversity in Smaller Firms

Paula Sambo
Paula Sambo
Bloomberg News

Caisse de Depot et Placement du Quebec is launching a C$250 million ($190 million) fund to invest in small and medium-sized businesses in Canada that have diverse executives and owners.

To be eligible, companies must promise that at least 25% of their boards, management teams and shareholders will be comprised of people of diverse backgrounds -- including women, visible minorities and indigenous people -- in the five years following the investment, Caisse said in a statement.

“It has been clearly established that greater corporate diversity positively impacts innovation, risk management, productivity and financial performance,” Kim Thomassin, head of investments ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.