Published on: April 3, 2025
Historic contribution to a pillar of Quebec's social economy
Montreal and Quebec, April 3, 2025 - Addenda Capital is proud to announce a major investment of $500,000 in the community bonds campaign of Groupe TAQ, whose mission is to offer fulfilling jobs to people living with disabilities. This is a major first for this leader in sustainable investment, paving the way for institutional and private investors alike by highlighting the untapped potential of community development in impact investment.
“Addenda Capital is proud to support the community bonds campaign of Groupe TAQ, a company that is essential to the social economy in Quebec, and whose values of inclusion and innovation converge with our own. In 2018, Addenda Capital, supported by its parent company, The Co-operators, was among the first asset managers to offer a fixed-income impact fund. We are delighted to continue to innovate and support the sector's maturing process by investing in community bonds. These bonds will help diversify the impact themes of our fund, which has assets under management totaling more than $680 million[1], in addition to offering an attractive financial return for our investors,” says Carl Pelland, Vice-President, Fixed Income, and Head, Corporate and Impact Bonds at Addenda Capital.
“This investment is historic, both for Groupe TAQ, founded 45 years ago, and for the growth of community bonds as a vehicle for the economic development of Quebec's collective enterprises. Addenda Capital's substantial support will enable us to bring to fruition entrepreneurial projects that will change the lives of people with functional limitations and those close to them,” adds Gabriel Tremblay, CEO of Groupe TAQ.
Combining Economic and Social Impact
With a target of $5 million, Groupe TAQ's community bonds campaign aims to bring together a committed community, ready to support its mission and foster the creation of sustainable, job-creating projects. To consolidate and increase the impact of its mission, the company is calling on the savings of Quebecers with four series of community bonds offering yields ranging from 3.5% to 5%, with terms of 3 and 5 years depending on the series.
Addenda Capital's investment accelerates the launch of Groupe TAQ’s campaign, whose community bond sales and purchase intentions have already totaled $830,000 since March 10, 2025.
Addenda Capital and Groupe TAQ are joining forces to invite institutions, companies and the public in Quebec to invest in a placement that offers both economic and social returns.
About Groupe TAQ
Groupe TAQ is a social economy enterprise that provides stable, quality jobs for people living with disabilities and contributes to the economic growth of Quebec businesses. Founded in 1979, the adapted company has 450 employees, 73% of whom live with functional limitations, whether physical, intellectual or psychological. Groupe TAQ provides subcontracting services to prestigious customers such as Biscuits Leclerc, Chocolats Favoris, Cogeco, Hitachi, Maison Orphée, Familiprix, Alex Coulombe, Laurentien, Transcontinental and Beneva. Canada's leading snowshoe manufacturer through its Faber Division, Groupe TAQ is the proud exclusive supplier to Decathlon Canada and Costco Canada, and distributes its private brand in some 100 outdoor boutiques in North America and several European countries.
[1] As of March 31, 2025.