Mission and Vision
Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity.
Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec. This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.
Created in 1996, Fondaction is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 128,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of 850 SMEs in different lines of business, in large part involved in various components of the social economy.
A firm commitment to sustainable development
Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers.
Reporting at the heart of the communication and transparency process
Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability.
In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level.
In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.
Saving with Fondaction helps support Québec companies and makes tax savings accessible!
More than 128,000 Québecers invest with Fondaction. Various instalment options make retirement savings accessible to everyone.
Available in close to 2,400 workplaces, Fondaction offers retirement savings by payroll deduction to about 50,000 unionized and non-unionized workers. These people save with every pay without upsetting their budget. They enjoy immediate tax savings, reducing the impact on their take-home pay.
By investing in Fondaction, shareholders improve their financial situation at retirement. They accumulate shares and enjoy tax credits from the governments of Canada and Québec, in addition to the tax benefits of a registered retirement savings plan (RRSP).
DIRECT BUSINESS INVESTMENTS
Fondaction's funding and expertise help companies achieve their business objectives and contribute to a stronger, more equitable and greener economy.
Fondaction invests in Québec companies operating in various lines of business across the province. It provides patient capital adapted to the needs and goals of businesses in the form of unsecured loans and share capital.
Fondaction also provides guidance to businesses to support them in their projects. Businesses get expertise from Fondaction's multidisciplinary and experienced team as well as access to a vast network of financial partners and specialists.
Fondaction focuses in particular on companies engaged in and open to sustainable development and participative management to help boost their economic, social and environmental performance.