Fondation Lucie et André Chagnon

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Our 3 levers



The Foundation’s capital is a resource that should benefit all of society. To that end, we:

Integrating ESG factors

ESG criteria require that investments go further in taking into account environmental (E), social (S) and governance (G) factors in addition to those traditionally analyzed.

Evaluate, using an internal analysis framework, the degree of engagement in responsible investment of each of our external managers. Encourage them to adopt best practices and provide active support.

Invest in assets that support the transition to a low-carbon economy.

Establish, on the one hand, a shareholder engagement strategy in collaboration with the SHARE organization (whose primary objective is to encourage portfolio companies to adopt and maintain best ESG practices) and, on the other, a strategy to exercise our proxy voting rights through GIR (Groupe Investissement Responsable).

The Chagnon Foundation is a member of the Responsible Investment Association and the Canadian Coalition for Good Governance, that encourage asset holders to adopt better governance practices.

Asset classes / Target allocation

Asset classes chart / Target allocation


  • Tobacco and cannabis sectors
  • Non-renewable energies (completely excluded from direct investments in our public equity portfolios since 2022)

Mission-based investments

Another way to achieve our mission, by generating:

  • Social return: MBIs strengthen our partners’ capacity for action, are linked to our mission and have concrete repercussions (such as affordable housing).
  • Financial return: Our objective is to preserve the real value of capital.

Mission-based investments allow us to offer capital and more flexible financing conditions to our partners to support projects with significant outcomes.


  • Commit 10% of our capital to advancing our mission in alternative ways.
  • Support collective, structuring projects in a way that complements our philanthropic contributions.
  • Play a role in the social finance sector by stimulating experimentation and innovation.
  • Research, develop and deploy, in cooperation with others, financial tools that reflect our philanthropic objectives.
  • Help to attract capital from conventional sources toward social finance.

Five key sectors

Although they may evolve in conjunction with our experience and lessons learned, we focus on the following investment sectors:

Food systems

Affordable housing

Socio-ecological transition

Collective real estate

Employment integration

Allocation of assets by sector

Allocation of assets by sector chart

Examples of mission-based investments

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