F-3.1.2 - Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi

Section 16 Disposition versions

2024-06-01

16. The main functions of the Fund are

(1)  to support Québec workers in their efforts to save more for their retirement, in particular by raising awareness and offering an accessible savings product; and

(2)  to channel these accrued savings to Québec’s economic, social and environmental advantage by investing them using an approach that is mindful of meeting the needs of persons while protecting the environment and respecting the limits of natural ecosystems;

(3)  (paragraph replaced);

(4)  (paragraph replaced);

(5)  (paragraph replaced).

Moreover, the Fund prioritizes investments that mainly aim to

(1)  promote enterprises whose activities are in keeping with the principle of sustainable development and that take environmental, social and governance factors into account in their decision-making;

(2)  assist enterprises to support their growth, boost their productivity, reduce their environmental footprint, stimulate innovation and foster inclusion so as to make them more valuable, resilient and sustainable;

(3)  support strategic initiatives and projects with significant economic benefits that improve access to quality jobs, help protect the environment and reduce inequality; and

(4)  enable workers to collectively influence Québec’s sustainable development.

1995, c. 48, s. 16; 1999, c. 55, s. 3; 2024, c. 11, s. 21.

1999-11-05

16. The main functions of the Fund are

(1)  to promote investment in enterprises by guaranteeing or standing surety for any obligation contracted by them or by investing directly so as to allow the creation, maintenance and preservation of jobs;

(2)  to foster the development of the enterprises described in section 17 by inviting the working men and women and other community resources to participate in their development by subscribing for shares of the Fund;

(3)  to develop the management skills of the working men and women in worker-controlled enterprises and facilitate their active involvement in the economic development of Québec;

(4)  to help enterprises conform to environmental laws and regulations;

(5)  to foster the development of environmental policies within enterprises.

1995, c. 48, s. 16; 1999, c. 55, s. 3.

1995-06-22

16. While allowing for reasonable profitability and judicious accumulation of retirement savings, the main functions of the Fund are

(1)  to promote investment in enterprises by guaranteeing or standing surety for any obligation contracted by them or by investing directly so as to allow the creation, maintenance and preservation of jobs;

(2)  to foster the development of the enterprises described in section 17 by inviting the working men and women and other community resources to participate in their development by subscribing for shares of the Fund;

(3)  to develop the management skills of the working men and women in worker-controlled enterprises and facilitate their active involvement in the economic development of Québec;

(4)  to help enterprises conform to environmental laws and regulations;

(5)  to foster the development of environmental policies within enterprises.

1995, c. 48, s. 16.