Fondaction was created in 1996 by the Confédération des Syndicats Nationaux (Confederation of National Labour Unions). As of May 31 2020, Fondaction had CA$ 2.26 billion of assets under management.
Fondaction has been considering the environmental and social externalities of their investments since they started operations, as such they became signatories to the PRI in 2011. Furthermore, as part of their climate strategy, Fondaction has implemented a negative screening criteria based on the ownership of fossil fuel reserves and has succeeded in reducing by half the carbon footprint of its investments from 2015 to 2018. Finally, the organization has launched innovative thematic funds seeking to invest in companies involved in the rehabilitation of soils, climate solutions, and sustainable agriculture in emerging countries.