Canada. Quebec Pension Launches Fund to Boost Diversity in Smaller Firms
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…
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