Hydro-Québec is responsible, as a fiduciary, for the management of the pension fund under its constitutive law and, as such, the Council approves the Investment Policy annually. The latter delegates the implementation to the Executive Vice-President and Chief Financial and Risk Officer who monitors and assesses it.
Hydro-Québec manages the pension fund's portfolio with prudence, diligence and competence. We act with honesty and loyalty in the best interest of the participants and beneficiaries.
The Caisse's approach to responsible investment revolves around the following practices: the integration of ESG factors, shareholder engagement, and the exceptional use of exclusion. In addition, our Investment Management Policy provides for the distribution of the securities in the portfolio among different asset classes and various regions of the world. This diversification makes it possible to seize the opportunities that arise on the markets while limiting the risk, with the aim of optimizing the overall return, whatever the economic situation.