Introducing the Cleantech Investor Behind One of Canada’s Largest and Most Dynamic Climate Funds

Susan Rohac, who recently retired from the Business Development Bank of Canada (BDC) after over three decades, dedicated her last eight years to advancing climate technology investment. As the managing partner of BDC’s Climate Tech Fund, her mission was clear: to channel capital toward companies creating technologies aimed at mitigating climate change. Under her leadership, the fund supported 50 cleantech companies in Canada, solidifying BDC's position as a significant player in the climate investment sector.

Rohac’s journey in climate tech began amidst rising concerns in 2017 regarding the scarcity of investment in Canadian climate technology firms. Responding to government feedback on funding gaps, BDC engaged with various stakeholders to assess the landscape. They recognized a promising pool of technologies running parallel to Sustainable Development and Technology Canada’s early-stage funding. This led to BDC’s initiative, which started with a $600 million investment to support climate ventures.

Over the years, Rohac has observed significant shifts in the global landscape, with many nations and corporations now committing to net-zero emissions targets. She noted that setting these targets necessitates seeking out innovative technologies. However, she also highlighted a growing politicization of climate issues, which complicates progress. To overcome this polarization, Rohac advocates for an economic narrative that emphasizes the job creation and market opportunities afforded by climate technologies, rather than framing them solely as environmental necessities.

Addressing potential political fluctuations, Rohac advises cleantech companies to diversify their supply chains and explore markets beyond the U.S., which, despite its critical role, is experiencing fluctuating regulations. The European Union continues to focus on climate initiatives, representing a lucrative opportunity for Canadian exports. Domestically, she sees immense growth potential in sectors related to critical minerals, energy production, and sustainable agriculture.

Rohac maintains that Canada possesses the resources to lead in producing critical minerals to support battery supply chains and enhance energy diversification, including renewables like wind and solar. Moreover, she emphasizes the need to innovate within the built environment through sustainable construction practices, given the projected growth in housing demands.

Regarding food and agriculture, Rohac believes that Canada's reputation as a reliable food source presents an opportunity to further develop sustainable practices that reduce greenhouse gas emissions. She envisions leveraging traditional industries toward cleaner operations that could become significant exports.

For international investors, Canada’s established ecosystem supportive of climate initiatives, coupled with a knowledgeable workforce and governmental backing, makes it an attractive investment destination. Rohac underscores the diverse geographical advantages Canada offers, fostering opportunities in various climate technology sectors.

As she transitions into retirement, Rohac expresses a desire to remain engaged in the climate space, whether through advisory roles, board positions, or collaborative efforts with organizations championing climate action. Her journey reflects a deep commitment to fostering sustainable practices through strategic investment and innovation, aiming to make a lasting impact even beyond her formal tenure at BDC.