Press release

BOREALIS Global Asset Management Inc. Earns B CorporationTM Certification

Montréal, Québec, January 13, 2023
The Quebec Emerging Manager Program (“QEMP”) and Borealis Global Asset Management Inc. (“Borealis GAM”) proudly announced today that Borealis GAM has become a Certified B CorpTM, joining the growing movement of more than 5,000 businesses in over 70 countries and 150 industries. There are currently over 600 certified B CorpTM businesses in Canada, 90 of which are headquartered in Québec.

Verified by B LabTM, B Corps are for-profit companies that help promote a global culture shift to redefine success in business and construct a more inclusive and sustainable economy. Being a B Corp means living your values and investing in the well-being of the planet and people.

Borealis GAM, a Montréal-based investment firm specializing in sustainable and equitable investing, was recently selected by the QEMP for a global ESG mid-cap equity mandate. At the heart of its mission is the conviction that investors have a key role to play in accelerating the transition to a model of sustainability.

“Changing finance goes beyond offering new investment products and financial services; it encompasses a change in corporate mindset and business models. We are proud of this recognition and of our role as a sustainability leader. By joining the B Corporations community, we strive to adhere to higher standards and make a positive impact on our partners, our community, and the planet, and we invite other leaders in the asset management industry in Canada to join the movement.”

– Valérie Cecchini and Florent Salmon, Co-founders, Borealis GAM

KEY FACTS: B Corp certification

  • Borealis GAM scored 123 points out of 200 on the B Impact Assessment (BIA). To achieve B Corporation status, a firm must score a minimum of 80 points out of 200.
  • To certify as a B CorpTM, businesses must meet high standards across five areas: Governance, Workers, Community, Environment and Customers.
  • B Corporations are also legally required to consider the impact of their decisions on all stakeholders by including the B Corp mission into their Certificate of Incorporation.

As a fund of funds structure, the QEMP grants emerging managers structured investment mandates and offers a mentorship framework, supported by prestigious Québec institutional investors. Within this context, Innocap, the combination of two of the most respected firms in the dedicated managed account industry: Innocap + HedgeMark, ensures a rigorous institutional framework in terms of due diligence, risk management and continuous monitoring of the program. As the leader in the dedicated managed account industry, Innocap works with investors to increase transparency and control over their assets. The PGEQ Fund L.P. has more than C$370 million of assets under management as of November 30th, 2022.

About the QEMP
Created in 2016, the QEMP’s mandate is to promote the growth of financial entrepreneurship in Québec by offering institutional investors diversified investment strategies managed by independent Québec-based emerging managers. This project was developed in connection with the work of Finance Montréal’s Entrepreneurship Work Group, in collaboration with established portfolio management firms. The QEMP seeks emerging managers offering traditional strategies (fixed income, Canadian equity, US equity, global equity, sustainable or ESG strategies, etc.) and alternative strategies (hedge funds, sustainable or ESG strategies and real asset funds, etc.). In order to invest in the growth of leading managers of the future, the QEMP encourages allocators, cities and municipalities, pension funds, foundations and universities to join the program. For more information about the QEMP, visit or consult our LinkedIn page.

About Innocap
Innocap is the combination of two of the most respected firms in the dedicated managed account industry: Innocap + HedgeMark. Since 1996, Innocap provides institutional allocators a superior way to structure, access and monitor their alternative investments through their platform. Innocap is the leading Dedicated Managed Account Platform in the world with US$49 billion in assets as of August 1st, 2022, >235 funds, >US$900 billion of client assets leveraging their technology. They benefit from solid, committed, and long-term institutional shareholders. Innocap’s team is home to >300 innovative talents and robust financial technology operating from 7 locations worldwide. For more information about Innocap, visit or consult our LinkedIn page.

About Borealis GAM Inc.
Founded in Montréal in 2019 by two managers with institutional management backgrounds, Borealis is an investment firm specializing in sustainable investing. Applying innovation and technology to fundamental analysis, Borealis targets the dual objective of delivering competitive returns while accelerating the transition to a more equitable and inclusive capitalism, investing in global mid-cap stocks. To learn more about Borealis and its mission, visit or consult our LinkedIn page.

About B Lab
B Lab is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies—known as B Corps—who are leading the way. Certified B CorporationsTM are verified by B Lab to meet the high standards of social and environmental performance, transparency, and accountability, working together toward one unifying goal: Make Business a Force for Good. To learn more and join the movement, visit

Contact Information

Quebec Emerging Manager Program
Carolyn Cartier-Hawrish


Allocators interested in learning more about the QEMP should contact:

Caroline Bergeron
Global Head, ESG and Impact Solutions

Borealis GAM
Valérie Cecchini
Managing Partner and Portfolio Manager, Borealis GAM Inc.