About Fondaction 

A forerunner in sustainable finance for the past 25 years, Fondaction brings together individuals that are mobilizing for the positive transformation of society, taking action to make Québec’s economy more equitable, inclusive, green and successful. As a labour sponsored fund, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Québec progress. It manages net assets of more than $3 billion invested in hundreds of businesses and in financial markets, prioritizing investments that generate positive economic, social and environmental impacts in addition to a financial return. Fondaction helps create and maintain quality jobs, reduce inequalities and fight climate change. For more information, go to fondaction.com or our LinkedIn page.



Latest

Mar 01, 2024, 20:06 ET Postponing of the application of rule limiting eligibility for non-refundable tax credit for labour-sponsored funds

MONTRÉAL, March 1, 2024 /CNW/ - The government of Québec has issued today an Information Bulletin announcing a three-year postponement of the rule limiting access to the non-refundable tax credit for ...

Feb 22, 2024, 07:00 ET Fondaction suspends the acceptance of lump sum subscriptions

MONTRÉAL, Feb. 22, 2024 /CNW/ - As of 07:00 this morning, and until the end of the fiscal year ending May 31, 2024, Fondaction has suspended subscriptions for shares through lump sum contributions....

Dec 22, 2023, 00:01 ET Fondaction's share set at $15.24 following the 6-month period ended November 30, 2023

Highlights of the 6-month period ended November 30, 2023 Share value of $15.24, up $0.14 from the value established following the fiscal year ended May 31, 2023 Shareholder return of 0.9% for the...

Jul 20, 2023, 06:30 ET Québec Government, Investissement Québec, Fonds de solidarité FTQ and Fondaction Invest US$74 Million in Lion Electric

The investment will strengthen the company's financial position and support its growth strategy MONTRÉAL, July 20, 2023 /CNW/ - The Government of Québec, Investissement Québec, Fonds de solidarité...

Apr 20, 2023, 06:00 ET Dispersa raises $3 million in financing from Invest Nova Scotia, the Circular Economy Fund, Fondaction, Dragonfly Ventures, Good & Well, BoxOne Ventures and grantmakers to support its growth

MONTREAL, April 20, 2023 /CNW/ - Dispersa, the start-up founded by award -winning entrepreneur Nivatha Balendra, has secured financing of $3M ($1.5M in grants and $1.5M in venture capital), to fund...

Dec 14, 2022, 06:36 ET Lump sum subscriptions have been suspended

MONTREAL, Dec. 14, 2022 /CNW Telbec/ - As of 00:01 this morning, and until the end of the fiscal year ending May 31, 2023, Fondaction has suspended subscriptions for shares by lump sum contributions...

Dec 14, 2022, 06:00 ET Inlandsis II Fund: Fondaction Asset Management and Priori-T Capital are mobilizing over $115 million to fight climate change and protect natural capital

MONTRÉAL, Dec. 14, 2022 /CNW Telbec/ - Fondaction Asset Management (FAM), Priori-T Capital and their partners are launching the Inlandsis II Fund, one of the largest funds to finance GHG reduction...

Jan 14, 2021, 00:01 ET Fondaction Suspends Lump-Sum Contributions Until May 31, 2021

MONTREAL, Jan. 14, 2021 /CNW/ - Effective today, January 14, at 12:01 a.m., and until the end of the fiscal year ending May 31, 2021, Fondaction will no longer accept lump-sum contributions....

Oct 05, 2020, 07:00 ET Rabobank, Fonds de solidarité FTQ, CDPQ and Fondaction invest $150 million in Sollio Cooperative Group

MONTRÉAL, Oct. 5, 2020 /CNW Telbec/ - Sollio Cooperative Group, the largest Canadian agricultural coop with roots in Quebec, is pleased to announce that Rabobank Capital, Fonds de solidarité FTQ,...

Dec 18, 2019, 16:09 ET Geneviève Morin appointed President and Chief Executive Officer of Fondaction

MONTREAL, Dec. 18, 2019 /CNW Telbec/ - The members of Fondaction's Board of Directors are pleased to announce the appointment of Geneviève Morin to the position of President and Chief Executive...

Dec 17, 2019, 00:01 ET Fondaction Suspens Lump-Sum Contributions Until May 31, 2020

MONTREAL, Dec. 17, 2019 /CNW Telbec/ - Effective today, December 17, at 12:01 a.m., and until the end of the fiscal year ending May 31, 2020, Fondaction will no longer accept lump-sum contributions....

Dec 10, 2019, 11:37 ET BDC Capital, Fonds de solidarité FTQ, Fondaction and Palomino Capital invest US$29 million in Spring Lane Capital Fund I

The US$156.5 million fund will invest in start-up and post-start-up cleantech companies MONTRÉAL, Dec. 10, 2019 /CNW Telbec/ - To support the development of cleantech companies, four Québec-based...

Jun 11, 2019, 07:00 ET Fonds de solidarité FTQ and Fondaction Invest $13.5 Million to Support the Growth of JLD-Laguë

The Laval company recently acquired TransDiff and Centre de transmission JDH in Québec City LAVAL, QC, June 11, 2019 /CNW Telbec/ - The Fonds de solidarité FTQ and Fondaction have invested $10...

Dec 07, 2018, 10:47 ET Since the 2015 Paris Agreement Fondaction Has Reduced the Carbon Footprint of Its Equity Market Investments by 51%

MONTRÉAL, Dec. 7, 2018 /CNW Telbec/ - Fondaction reduced the carbon footprint of its equity market investments by 51% between 2015 and 2018 by using an index that excludes fossil fuels and coal....

Oct 23, 2018, 09:00 ET The carbon market and creative financing: the Inlandsis Fund is supporting Vessels Coal Gas to greatly reduce methane emissions from a former coal mine in Pennsylvania

MONTRÉAL, Oct. 23, 2018 /CNW Telbec/ - The Inlandsis Fund, established in Québec, and Vessels Coal Gas Inc. (VCG), a Colorado-based firm, have entered into a long-term agreement to dramatically...

Oct 04, 2018, 09:00 ET Inlandsis Fund and Environmental Commodities Corporation Expand Leading Mine Methane Abatement Project

MONTREAL, Oct. 4, 2018 /CNW Telbec/ - The Inlandsis Fund, based in Quebec, and Environmental Commodities Corporation (ECC), based in Maryland, have entered into a long-term agreement to expand a mine ...

Sep 24, 2018, 09:00 ET Inlandsis Fund supports Bluesource's Methane Reduction Program

MONTREAL, Sept. 24, 2018 /CNW Telbec/ - The Inlandsis Fund, based in Quebec, has announced today that it is providing support to Bluesource's Methane Reduction Program in Alberta. The innovative...

Mar 23, 2016, 14:52 ET Federal Budget 2016 - Fondaction Thrilled with Reinstatement of Tax Credit

MONTRÉAL, March 23, 2016 /CNW Telbec/ - Fondaction CSN is thrilled with the full reinstatement of the 15% labour-fund tax credit as of January 1, 2016, and commends the government for keeping its...

Nov 16, 2015, 16:26 ET Full return of the federal income tax credit for labour-sponsored fund shareholders - Fondaction CSN salutes the Prime Minister of Canada's action

MONTRÉAL, Nov. 16, 2015 /CNW Telbec/ - Fondaction CSN salutes the action by the Prime Minster of Canada, whose official mandate letter to the Minister of Finance, William Francis Morneau, states to...

Dec 18, 2014, 10:42 ET A $470-million investment to support the expansion of Agropur

MONTRÉAL, Dec. 18, 2014 /CNW Telbec/ - A number of Québec's institutional investors and bankers announced today a $470-million investment, in the form of preferred units, in Agropur Cooperative...

Apr 11, 2014, 07:00 ET Consortium Acquires Equipment Manufacturer Metal 7 Inc. in Sept-Îles

SEPT-ÎLES, QC, April 11, 2014 /CNW Telbec/ - A consortium of investors led by NCP Investment Management has acquired Metal 7 Inc., a specialized manufacturer based in Sept-Îles, Québec. The...

Dec 05, 2013, 10:00 ET $55M Investment in La Coop fédérée by Fondaction CSN, Fonds de solidarité FTQ and Capital régional et coopératif Desjardins (CRCD)

MONTREAL, Dec. 5, 2013 /CNW Telbec/ - La Coop fédérée announced today that Fondaction CSN, Fonds de solidarité FTQ and Capital régional et coopératif Desjardins (CRCD) will invest $55 million in the...

Sep 13, 2013, 17:18 ET Federal tax credit: a disappointing proposal

MONTREAL, Sept. 13, 2013 /CNW Telbec/ - The Fonds de solidarité FTQ, Fondaction CSN and its some 735,000 shareholders are disappointed with the federal Minister of Finance's proposal to eliminate the ...

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