Caisse investing in Canadian sustainable architecture firm

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Green city concept © malp /123RF Stock PhotosThe Caisse de dépôt et placement du Québec is investing $8.7 million in Canadian architecture and design firm Lemay in the form of a loan.

The financing aims to support the firm’s growth plan and its technology-based innovation efforts, specifically in the field of sustainable design.

“With their expansion into new markets, cutting-edge technological practices and consideration of [environmental, social and governance] factors in their project designs, Lemay meets CDPQ’s pillars for generating long-term growth,” said Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse, in a press release. “This refinancing is testament to the support CDPQ offers businesses when development opportunities present themselves.”

This article originally appeared on CIR’s companion site, Benefitscanada.com. Read the full story here.

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