Montréal- Caisse de dépôt et placement du Québec (CDPQ) ranked number one in the world for being the best public pension fund manager.
2022 saw rising inflation, and the Fed’s interest rate hikes made it hard for stocks. Despite last year being difficult for investors and bankers, Quebec had a good year, along with investments in firms that promote sustainable development. Thereby earning number one place in the world, according to Global SWF.
The CEO of the CDPQ, Charles Emond, expressing his thoughts on CDPQ being ranked number one, told Global news,
“We’re proud of this. It’s a team effort, obviously,”
Developing and retaining talent is something that isn’t easy for many employers. But CDPQ has a strong record for retaining talent.
“You get to be presented with interesting challenges. You have many opportunities to evolve and progress within the organisation. You don’t have to leave.”
Global SWF’s Managing Director, Diego Lopez thinks what’s unique is how Caisse linked some employee compensation to helping to reduce the pension’s carbon footprint. He said, “Which is something really unique in the market.” And he thinks it shows leadership.
According to a publication, the CDPQ is also ranked among the world’s top 20 places to work. Hamsa Idrissi of bestplacestoworkfor.org said that this ranking clearly indicates outstanding employers who go beyond the normal offering.
Emond says that in the year 2023, his team will focus on taking on long-term goals. He also says that his team knows exactly their client’s needs. This is because they communicate with them regularly. Emond is certain that if they continue with the same strategy, they will also continue to deliver in the long run.
Experts predict an upcoming recession in 2023, hitting one-third of the world. It’s up to Quebec to continue its progress and keep at the top in the year ahead.