Kaleido sustainable investment report 2024: measuring and quantifying our efforts

More effort from our portfolio managers

The year 2024 saw a significant expansion of the responsible investment offering, with steady growth in the share of green and sustainable bonds in our portfolios and notable performance in reducing carbon intensity. At December 31, 2024:

• Almost 40% of the assets in all our bond portfolios were invested in green and sustainable bonds.
• Reduction of 105.8 tons of CO₂ equivalent per million dollarsfor our portfolios, compared with their respective benchmarks.

“Our education savings plans often beat their benchmarks, sometimes by 40% or more, as in the case of IDEO+ Responsible,” says Jean-Stéphane Parent, Vice-President and Chief Investment Officer at Kaleido. “With more than $2 billion in assets under management, the mandates we assign to our portfolio managers, who are all signatories to the UN Principles for Responsible Investment, have a tangible impact, demonstrating our commitment to being an agent of change in the investment world.”

About Kaleido

A pioneer in education savings since 1964, Kaleido has been helping families in Quebec and New Brunswick give their children a leg up on future success. Every day nearly 200 employees and representatives create brighter opportunities for youth through education savings and family coaching services.

Over the years, Kaleido has paid out more than $1 billion in educational assistance payments and savings refunds. It has over $2 billion in assets under management on behalf of over 244,000 young people. Visit kaleido.ca to learn more about our sustainable investment initiatives.

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Information:

Patrick Pedneault
Media Relations
relationsmedias@kaleido.ca