ADDENDA CAPITAL
Contact: Janick Boudreau, CFA, Executive Vice President, Business Development and Client Partnerships
Address: 800 René-Lévesque Blvd. W., Suite 2800, Montréal, QC, H3B 1X9
PH: 514-908-1989
Email: [email protected]
Website: www.addendacapital.com
ESG/SRI products or services: Integrated ESG research for all asset classes; Impact Investing; Fossil Fuel Free Global Equity; Climate Transition Canadian and International Equity; Eco-Social Commercial Mortgages; Client-directed SRI screens
Year ESG/SRI products or services first offered: 1992
Number of ESG/SRI Canadian pension fund clients: 6
Philosophy/style: At Addenda Capital, we consider environmental, social, and governance (ESG) matters in all of our investment and stewardship activities. Our objective is to enhance long-term investment performance for our clients and promote sustainable development for society.
ALLIANCEBERNSTEIN L.P.
Contact: Steven Arts, Vice President/Director
Address: 200 Bay Street, North Tower, 12th Floor, Toronto, ON, M5J 2J2
PH: 647-375-2805
Email: [email protected]; [email protected]
Website: alliancebernstein.com
ESG/SRI products or services: At AllianceBernstein, we seek to integrate financially material ESG factors into most of our actively managed strategies. We also offer three types of “Portfolios with Purpose.” These strategies, in addition to their financial return/risk objectives, incorporate one or more ESG objectives/approaches into their day-to-day management: Sustainable Platform; Equity Strategies; Responsible+ Strategies; Green Managed Volatility Strategy; Global ESG Improvers; Impact Strategies.
Year ESG/SRI products or services first offered: ESG factors have long been integrated into AllianceBernstein’s research and investment processes, even before we became a PRI signatory in 2011. We integrate material ESG and climate change factors at applicable steps of the investment process for most of our actively managed strategies. AB began offering dedicated ESG products when we launched our first Portfolio with Purpose in 2013.
Number of ESG/SRI Canadian pension fund clients: 27
Philosophy/style: Responsible investing is a way we seek to unlock opportunity for our clients. We integrate material ESG factors into our investment process for most actively managed strategies. We designed Portfolios with Purpose to achieve financial objectives with dedicated ESG themes.
ALPHAFIXE CAPITAL
Contact: Jonathan Lapointe, Vice President, Business Development, Partner
Address: 1800 Ave. McGill College, Suite 2420, Montreal, QC, H3A3J6
PH: 514-861-3493
Email: [email protected]
Website: www.alphafixe.com
ESG/SRI products or services: AlphaFixe ESG Green Bond Fund (Universe, Short Term and Long Term Benchmark); AlphaFixe Global Impact Bond Fund (US Benchmark); AlphaFixe ESG Short Term Corporate Opportunities Fund; NBI Sustainable Canadian Bond ETF (ticker: NSCB); NBI Sustainable Canadian Corporate Bond ETF (ticker: NSCC); NBI Sustainable Short Term Canadian Bond ETF (ticker: NSSB); Best in Class ESG and Climate Aligned Bond Strategies. All mandates are Fossil Fuel Free. ESG integrated in all mandates. Reporting on portfolio carbon footprint and ESG metrics on a quarterly basis
Year ESG/SRI products or services first offered: 2008
Number of ESG/SRI Canadian pension fund clients: 49
Philosophy/style: We have always been convinced that responsible corporate behaviour toward ESG factors has the potential to improve the long-term financial performance of companies. That is why we believe it is appropriate to integrate ESG factors into every investment decision.
AMUNDI CANADA
Contact: Tanya Bishop, Senior Vice President
Address: 130 Adelaide St. W., Toronto, ON, M5H 1T1
PH: 647-201-4225
Email: [email protected]
Website: www.amundi.com
ESG/SRI products or services: ESG Advisory: ESG Policy Design, ESG Portfolio Screening & Action Plan, ESG Market Standards, ESG Rating Model. ESG Investment Solutions: According to Amundi’s Responsible Investment Policy; According to Clients’ Responsible Investment Policy; Manager Selection/Responsible Funds. ESG Services: ESG Reporting, ESG Training, Integrated ESG Data Solutions, and ALTO Sustainability Platform. ESG OCIO: Integrated ESG consulting and services with assets under advisory management
Year ESG/SRI products or services first offered:1986
Number of ESG/SRI Canadian pension fund clients: 17 clients with ESG-related considerations
Philosophy/style: As a responsible asset manager, our role is to create long-term sustainable value for our customers and all our stakeholders, taking into account the major challenges facing our world and society.
BEUTEL, GOODMAN & COMPANY LTD.
Contact: Tim Hylton, Senior Vice President, Client Service and Business Development
Address: 20 Eglinton Avenue West, Suite 2000, Toronto, ON, M4R 1K8
PH: 416-480-6451
Email: [email protected]
Website: www.beutelgoodman.com
ESG/SRI products or services: Beutel Goodman Canadian Sustainable Bond Strategy; Beutel Goodman Sustainable Canadian Equity Strategy; Beutel Goodman US Sustainable Bond Strategy
Year ESG/SRI products or services first offered: We have long incorporated material ESG factors into our research and would apply ESG exclusions for our clients per their request. In 2022, we launched our first sustainable fund, the Beutel Goodman Sustainable Bond Fund (private fund for discretionary managed clients).
Number of ESG/SRI Canadian pension fund clients: 2 (as of June 30, 2024)
Philosophy/style: As a value manager, our primary objective is to deliver superior risk-adjusted financial performance to our clients over the long term. We pursue this through the ownership of debt and equity positions in high-quality companies. Companies with strong environmental, social and governance practices often share many of the sound fundamentals that are attractive to our value-investing approach. ESG factors have the potential to materially affect the long-term financial sustainability of a business, which is an important focus of our analytical process. We integrate ESG factors into our analysis to pursue financial performance.
BGO
Contact: Yvonne Davidson, Principal, Capital Raising and Investor Relations
Address: 1 York Street, Suite 1100, Toronto, ON, M5J 0B6
PH: 647-335-4096
Email: [email protected]
Website: www.bgo.com
ESG/SRI products or services: BGO Canada does not have a dedicated ESG/SI fund. However, BGO’s Sustainable Investing (SI) Team helps deliver ESG strategies to our global investment platform. The SI Team partners with our investment and real estate management professionals to help integrate ESG across the asset life cycle in alignment with client goals. These strategies help target risk mitigation, value creation, industry stewardship, and stakeholder engagement to help deliver ESG performance for our clients.
Year ESG/SRI products or services first offered: Although BGO does not have any dedicated ESG products, the Prime Canadian Property Fund has a long, demonstrated track record of ESG performance and recognition. Prime Canadian has participated in GRESB for over a decade and is classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR) as of early 2024.
Philosophy/style: As a fiduciary, BGO approaches sustainable investing from both a risk mitigation and value creation perspective to help enhance the long-term financial and operational resiliency of the asset.
BMO GLOBAL ASSET MANAGEMENT
Contact: Samantha Cleyn, CFA, MBA, Managing Director & Head, Institutional Sales & Service
Address: 100 King Street West, Toronto, ON, M5X 1A1
PH: 514.862.2653
Email: [email protected]
Web: www.bmogam.com/ca-en/institutional/
ESG/SRI products/services: BMO AM Responsible Global Equity ESG Fund, BMO Sustainable Opportunities Canadian Equity Fund, BMO Sustainable Opportunities Global Equity Fund, BMO Women in Leadership Fund, BMO Balanced ESG ETF (ZESG), BMO ESG Corporate Bond Index ETF (ESGB), BMO MSCI ACWI Paris Aligned Climate Equity Index ETF (ZGRN), BMO MSCI Canada ESG Leaders Index ETF (ESGA)
Year SRI products or services first offered: 1984
Number of ESG/SRI Canadian pension fund clients: 6
Philosophy/style: We believe that integrating ESG analysis is critical to our fiduciary duty, allowing us to manage risk, as well as supporting long-term returns and a more sustainable future – all in service to our mission to “Boldly Grow the Good.”
BONNEFIELD FINANCIAL INC.
Contact: Andrea Gruza, Managing Partner
Address: 141 Adelaide Street West, Suite 510, Toronto, ON, M5H 3L5
PH: 416.309.4487
Email: [email protected]
Web: www.bonnefield.com
ESG/SRI products/services: Bonnefield Canadian Farmland LP V, Bonnefield Canadian Farmland Evergreen LP
Year SRI products or services first offered: 2010
Philosophy/style: Focused on maintaining farmland for farming, Bonnefield works with leading farmers to support their growth and stability while providing investors exposure to farmland's uncorrelated, low-volatility, attractive risk-adjusted returns. We incorporate key ESG and climate risks and opportunities throughout our investment process.
BURGUNDY ASSET MANAGEMENT LTD.
Contact: Mike Sandrasagra, Vice President, Global Head of Consultant Relations
Address: 181 Bay Street, Suite 4510, Toronto, ON, M5J 2T3
PH: 416-869-8980
Email: [email protected]
Website: burgundyasset.com
ESG/SRI products or services: While all of Burgundy’s investment mandates integrate ESG considerations, select Socially Responsible Investing (SRI) Funds and Foundation Funds apply negative screens and exclude a defined set of industries. These specific SRI and Foundation Funds exclude investments in companies directly producing tobacco, armaments, and cannabis, as well as gambling-related companies.
Year ESG/SRI products or services first offered: 2002
Number of ESG/SRI Canadian pension fund clients: 0; most clients that invest in our Foundation and SRI Funds are Canadian foundations and endowments.
Philosophy/style: At Burgundy, we take an ESG integration approach in our investing. This involves incorporating material environmental, social, and governance considerations in our investment process and decision-making.
CAPITAL GROUP CANADA
Contact: Kevin Martino, Vice President
Address: 181 Bay Street, Suite 3730, Toronto, ON, M5J 2T3
PH: 416.815.2128
Email: [email protected]
Web: capitalgroup.com/ca
ESG/SRI products/services: Capital Group manages USD$2.4 trillion as of June 30, 2023 in actively managed equity, fixed income, and multi-asset investment portfolios through funds and segregated accounts worldwide. Our research-driven, long-term investment approach integrates material ESG risks and opportunities – alongside financial and other metrics – into our investment decisions across our strategies. More information on our approach, including our ESG policy, can be found on our Web: https://www.capitalgroup.com/institutions/ca/ en/investments/esg.html
Year SRI products or services first offered: Capital Group continues to review potential opportunities to further strengthen the firm’s ESG offering in light of continued demand for ESG products. These efforts supplement the launch of our first UK OEIC, Capital Group UK – Global High Income Opportunities, on January 18, 2023, which applies ESG and norms-based screening and is managed to a carbon footprint target, as well as our first two SFDR Article 8 fund adoptions, Capital Group New Economy Fund (LUX) and Capital Group Global High Income Opportunities (LUX) and first SFDR Article 8 fund launch, Capital Group Multi- Sector Income Fund (LUX), in 2022.
Philosophy/style: We integrate ESG acrossinvestment strategies. Consideration of material ESG risks and opportunities is deeply woven into the Capital System and factored into our fundamental research, due diligence, and engagement. Our investment process includes a three-component approach to ESG integration.
CARTIN &ASSOCIATES
Contact: Darren Cartin, Manager
Address: 101-1100 8 Avenue West, Calgary, AB, T2P 3T8
PH: 403.266.2816
Fax: 403.365.9895
Email: [email protected]
Web: www.cartin.ca
ESG/SRI Products/Services: Group Benefits
Year SRI Products or Services First Offered: 1982
Philosophy/Style: Quality services
CIBC ASSET MANAGEMENT INC.
Contact: Carlo Dilalla, Managing Director and Head, Institutional Asset Management
Address: 161 Bay Street, Suite 2230, Toronto, ON, MSJ 2S1
PH: 416-980-2768
Email: [email protected]
Website: www.cibcam-institutional.com
ESG/SRI products or services: CIBC Sustainable Canadian Core Plus Bond Fund; CIBC Sustainable Conservative Balanced Solution; CIBC Sustainable Canadian Equity Fund; CIBC Sustainable Balanced Solution; CIBC Sustainable Global Equity Fund; CIBC Sustainable Balanced Growth Solution; CIBC Socially Responsible Balanced Pool; CIBC Sustainable Global Equity Pool; customized sustainable investment solutions in separately managed accounts
Year ESG/SRI products or services first offered: CIBC Asset Management has offered SRI segregated mandates to clients for 30+ years. In 2017, we became PRI signatories and have added new capabilities and services year over year.
Philosophy/style: At CIBC Asset Management, we believe that ESG factors create risks and opportunities for investors, and it is in the best interest of our clients to consider these factors when making an investment decision.
CONNOR, CLARK & LUNN FINANCIAL GROUP
Contact: Brent Wilkins, Senior Vice President, Head of Institutional Sales, Canada
Address: 1400–130 King Street West, P.O. Box 240. Toronto, ON M5X 1C9
PH: 416.364.5396
Email: [email protected]
Web: www.cclgroup.com
ESG/SRI products/services: Global Equity, International Equity, Emerging Markets, Market Neutral, Canadian Fixed Income, Canadian Value, Real Estate, Infrastructure and Commercial Mortgages
Year SRI products or services first offered: 1995
Number of ESG/SRI Canadian pension fund clients: 217
Philosophy/style: We believe that many ESG factors have a material impact on investment performance across time horizons and asset classes. As such, all investment teams spend significant time researching ESG risks and opportunities and engaging with company management on ESG topics.
DESJARDINS GLOBAL ASSET MANAGEMENT
Contact: Natalie Bisaillon, Vice President & Chief of Partnerships & Institutional Client Relations
Address: 1, Complexe Desjardins, 20th Floor, South Tower, Montreal, QC, H5B 1B2
PH: 1.877.353.8686
Fax: 514.281.7253
Email: [email protected]
Web: www.desjardins.com/dgam
ESG/SRI products/services: RI Active Canadian Bond - Low CO2 – ETF, RI Canada - Low CO2 Index – ETF, RI Canada Multifactor - Low CO2 – ETF, RI Developed ex-USA ex-Canada - Low CO2 Index – ETF, RI Developed ex-USA ex-Canada Multifactor - Low CO2 – ETF, RI Emerging Markets - Low CO2 Index - ETF, RI Emerging Markets Multifactor - Low CO2 – ETF, RI Global Multifactor - Fossil Fuel Reserves Free – ETF, RI USA - Low CO2 Index – ETF, RI USA Multifactor - Low CO2 – ETF, Desjardins Societerra US Equity ETF, Desjardins Societerra Canadian Bond Fund, Desjardins Societerra Canadian Equity Fund, Universe Bond Fund, Advisory Mandate RI Canadian Bonds, Advisory Mandate RI Canadian Equity, Advisory Mandate RI Canadian Equity-Ex Fossil Fuel
Year SRI products or services first offered: 1990
Number of ESG/SRI Canadian pension fund clients: 32
Philosophy/style: At DGAM, responsible investment is key to our management philosophy. We believe responsible investment is consistent with our mandate as portfolio managers, requires action and innovation, means taking a longer-term vision, and involves inspiring and influencing.
FIDELITY CANADA INSTITUTIONAL
Contact: Michael Barnett, Executive Vice President, Institutional
Address: 483 Bay Street, Toronto, ON, M5G 2N7
PH: 416-217-7773
Email: [email protected]
Website: institutional.fidelity.ca/fci/en
ESG/SRI products or services: Fidelity Sustainable World ETF; Fidelity Sustainable World ETF Fund; Fidelity Climate Leadership Fund®; Fidelity Climate Leadership Balanced Fund®; Fidelity Climate Leadership Bond Fund®; Fidelity Women's Leadership Fund
Year ESG/SRI products or services first offered: 2019
Philosophy/style: As an investment firm, our top priority is creating value for our clients. We are committed to taking sustainability into consideration in the way we approach investment research and strive to offer a variety of sustainable investment product solutions.
FIERA CAPITAL CORPORATION
Contact: Krista McLeod, Head of Client Relations
Address: 1981 McGill College Avenue, Montreal, QC, H3A 0H5
PH: 514.954.3300
Fax: 514.954.9692
Email: [email protected]
Web: www.fieracapital.com
ESG/SRI products/services: The following link contains the list of ESG labelled products and funds we have available on our Canadian platform: https://www.fieracapital.com/wp-content/uploads/default/20230511/ esg-product-overview-chart-en-v4.pdf. Please note, however, that we conduct ESG integration in our non-ESG labelled products as well.
Year SRI products or services first offered: Some of our ethical funds (SRI products) pre-date the creation of Fiera Capital in 2003.
Number of ESG/SRI Canadian pension fund clients: As of June 2023, we have 240 Canadian pension fund clients. We integrate ESG considerations in all of our strategies, but exposure to exclusionary strategies (ethical/SRI and or FFF) may be limited to some of them.
Philosophy/style: We believe that for ESG factors to be well-integrated within the investment decisions we make, investment teams must be accountable for their ESG integration processes. This belief guides the way our investment teams implement their strategies, conduct materiality assessments, and integrate ESG factors in a manner that best suits their respective asset class, investment style, and geography.
FOYSTON, GORDON & PAYNE INC.
Contact: Kimberley Woolverton, Executive Vice President, Head of Distribution
Address: 1 Adelaide Street East, Suite 2600, Toronto, ON, M5C 2V9
PH: 416.848.1936
Fax: 416.367.1183
Email: [email protected]
Web: www.foyston.com
ESG/SRI products/services: In addition to offering one standalone ESG product, the FGP Canadian Ex-Energy Equity strategy, we integrate ESG into all our investment strategies.
Year SRI products or services first offered: 2018
Number of ESG/SRI Canadian pension fund clients: 25
Philosophy/style: Companies that effectively address ESG issues tend to be more attractive long-term investments. Assessing ESG factors, including actively engaging with company management to encourage and educate them on best practices and policies, has long been a component of our fundamental investment analysis.
FRANKLIN TEMPLETON
Contact: Dennis Tew, Head of Sales, Canada
Address: 200 King St. W, Ste. 1400, Toronto, ON, M5H 3T4
PH: 416-957-6023
Email: [email protected]
Website: www.franklintempleton.ca
ESG/SRI products or services: Our various investment teams independently evaluate ESG factors from multiple angles, varied by asset class (Equity, Fixed Income & Alternatives), sub-asset class, regional focus, or individual mandates.
Year ESG/SRI products or services first offered: Introduced in 1954 by Sir John Templeton, the Templeton Growth Fund was our firm’s first product offering that followed socially responsible investment criteria.
Number of ESG/SRI Canadian pension fund clients: In Canada, we currently have 6 pension plans invested in sustainable focus mandates.
Philosophy/style: Each of the Franklin Templeton investment teams has autonomous sustainable investment approaches with dedicated personnel in each asset class, region, and specialism. To leverage the expertise across these teams, a firm-wide Stewardship and Sustainability Council was established to provide a forum for dialogue and sharing of best practices around sustainable investing.
GUARDIAN CAPITAL LP
Contact: Robin Lacey, Head of Institutional Asset Management
Address: 199 Bay Street, Suite 2700, Toronto, ON, M5L 1E8
PH: 416-364-8341
Email: [email protected]
Website: www.guardiancapital.com
ESG/SRI products or services: GEM Canadian Equity Fund; GEM Global Equity Fund; GEM Fixed Income Fund; GEM Balanced Fund; Guardian Canadian Equity Carbon Constrained Strategy; Guardian Sustainable Funds
Year ESG/SRI products or services first offered: 2005
Philosophy/style: ESG considerations are integrated into all our investment processes and stewardship activities – commonly referred to as ESG Integration and Active Ownership. Our GEM products apply negative screens to exclude companies involved in tobacco, weapons, and other controversial activities.
HILLSDALE INVESTMENT MANAGEMENT INC.
Contact: Harry Marmer, Executive Vice President, Partner
Address: 100 King Street West, Toronto, ON, M5X 1E4
PH: 416-913 3907
Email: [email protected]
Website: www.hillsdaleinv.com
ESG/SRI products or services: Hillsdale offers customized ESG testing, screening, and weighting services for institutional investors within their investment strategies. For more than 28 years, Hillsdale has invested in companies with attractive financial attributes and sustainable business models. Since 2011, we have focused on ESG strategy testing, screening, weighting, and integration. This includes evaluating companies from the perspective of corporate governance, accounting integrity, board diversity, executive compensation, and CEO quality, along with the use of a significant number of carbon emission and environmental impact metrics. We are committed to ESG investing through our membership and support of the Canadian Coalition for Good Governance (CCGG) and the Carbon Disclosure Project (CDP), and we are a PRI signatory. Hillsdale has specialized in ESG strategy testing, screening, weighting, and implementation since 2011. ESG factors are considered and evaluated in our investment process on a strategy-by-strategy basis alongside all other potential alpha and risk signals. Our proprietary factor library includes ESG factors, in six investment frequencies. ESG factors provide another lens through which we assess stocks. Hillsdale’s best practices and standards for ESG/RI-based investing are summarized as follows:
I. Tone Set by Leadership;
II. Hillsdale’s Seven Stewardship Principles;
III. Sound Practices for Determining Materiality;
IV. Unparalleled Data Quality and Integrity;
V. An Open Source Research Platform;
VI. A Strong Risk Management Framework; VII. A Commitment to Investment Excellence; VIII. Evaluating the Carbon Footprints of Every Portfolio;
IX. A Client Centric Approach on RI/ESG
Year ESG/SRI products or services first offered: 2011
Number of ESG/SRI Canadian pension fund clients: 1
Philosophy/style: Hillsdale’s philosophy combines the best of fundamental thinking, tested through a proven, rigorous quantitative methodology, with continually evaluated results relative to expectations. We believe that successful investment processes are adaptive in nature, searching for new alpha sources, potential strategy enhancements, and advanced risk management techniques.
JARISLOWSKY FRASER
Contact: Mark Fattedad, CFA, Regional Vice President, Institutional, Western Canada; Co-Chair of Sustainable Investment Council
Address: Head office: 1010 Sherbrooke St. W., 20th Floor, Montreal, QC, H2A 2R7
PH: 800-736-8666
Email: [email protected]
Website: www.jflglobal.com
ESG/SRI products or services: JF FFF Bond Fund; JF Sustainable and Impact Bond Fund; JF FFF Canadian Equity Fund; JF FFF Global Equity Fund; JF FFF Balanced Fund
Year ESG/SRI products or services first offered: 2017
LEITH WHEELER INVESTMENT COUNSEL
Contact: Lisa Meger, ESG Analyst and Portfolio Manager
Address: 400 Burrard Street, Suite 1500, Vancouver, BC, V6C 3A6
PH: 604-683-3391
Email: [email protected]
Website: www.leithwheeler.com
ESG/SRI products or services: Leith Wheeler Carbon Constrained Canadian Equity Fund; Leith Wheeler Carbon Constrained Bond Fund
Year ESG/SRI products or services first offered: 2017
Number of ESG/SRI Canadian pension fund clients: 7
Philosophy/style: Leith Wheeler follows an ESG integration approach in the management of all investment strategies. Our Carbon Constrained strategies filter out any business that earns more than 30% of its revenues from fossil fuel-related activities.
LINCLUDEN INVESTMENT MANAGEMENT
Contact: Wayne Wilson, Assistant Vice President
Address: 201 City Centre Drive, Mississauga, ON, L5B 2T4
PH: 416-997-6652
Email: [email protected]
Website: lincluden.com
ESG/SRI products or services: ESG Mandates – Canadian Equities, Global Equities
Year ESG/SRI products or services first offered: 2012
Number of ESG/SRI Canadian pension fund clients: 5
Philosophy/style: Value investors who believe that while financial markets are efficient in the long term, they can be inefficient in the short to medium term, and financial markets will often misprice the stock price of a company in the short run, giving an investor the opportunity to buy securities at a discount on their economic or intrinsic value. ESG analysis is integrated in all portfolios in forming an assessment of the quality and stability of each company’s cash flows.
MACKENZIE INVESTMENTS
Contact: Fate Saghair
SVP, Brand & Sustainability
Address: 180 Queen Street W., Toronto, ON, M4K 2N2
PH: 437-332-8489
Email: [email protected]
Website: www.mackenzieinvestments.com/en
ESG/SRI products or services: We offer an innovative range of products designed to bring about real change, whether it’s promoting better environmental, social, and governance practices, investing in technologies that address climate change, or promoting equality and inclusivity. We offer clients ESG-integrated, sustainable core and sustainable thematic funds. Mackenzie Global Sustainable Balanced Fund; Mackenzie Global Sustainable Bond Fund; Mackenzie Global Sustainable Bond ETF; Mackenzie Betterworld Canadian Equity Fund; Mackenzie Betterworld Global Equity Fund; Mackenzie Corporate Knights Global 100 Index Fund; Mackenzie Corporate Knights Global 100 Index ETF; Mackenzie Greenchip Global Environmental All Cap Fund; Mackenzie USD Greenchip Global Environmental All Cap Fund; Mackenzie Greenchip Global Environmental Balanced Fund; Mackenzie Global Green Bond Fund; Mackenzie Global Women’s Leadership Fund; Mackenzie Global Women’s Leadership ETF.
Year ESG/SRI products or services first offered: In January 1987, we launched the IG Mackenzie Betterworld SRI Fund.
Number of ESG/SRI Canadian pension fund clients: While do not currently have direct pension clients, within our Greenchip Boutique we have a strong institutional presence with numerous investors, including endowments, foundations, and Municipal Funds.
Philosophy/style: Our diverse investment teams consider material ESG factors in their processes, promote sustainable practices through active stewardship, ensure transparency, and collaborate with stakeholders. Our goal is to deliver competitive returns while fostering a sustainable and equitable world.
NEI INVESTMENTS
Contact: Tasos Dimitriou, Director, Institutional Sales and Relationship Management
Address: 151 Yonge St., Suite 1200, Toronto, ON, M5C 2W7
PH: 416-453-2400
Email: [email protected]
Website: www.neiinvestments.com
ESG/SRI products or services: Fixed Income, Income Equity, North American Equity, Global Equity, Balanced Funds, Alternatives, and Impact Funds. Sustainable Intelligence Consulting services
Year ESG/SRI products or services first offered: 1986
Philosophy/style: NEI applies multiple and complementary responsible investment approaches at the firm and fund level to help investors achieve their objectives. RI approaches applied at the fund level are exclusionary screening, ESG evaluations, thematic investing, and impact investing. Our stewardship program, made up of proxy voting and corporate engagement, as well as our policy work, applies more broadly to our entire investment portfolio.
PICTET ASSET MANAGEMENT
Contact: François Forget, Head of Distribution – Canada
Address: 1000 de la Gauchetière West, Suite 3100, Montreal, QC, H3B 4W5
PH: 514-518-8587
Email: [email protected]
Website: www.am.pictet
ESG/SRI products or services: Positive tilt: Absolute Return Fixed Income (ARFI); Asia Equities ex Japan; China Equities; Chinese Local Currency Debt; Digital; Emerging Markets; Family; Global Bonds; Global Fixed Income Opportunities; Global High Yield; Japanese Equity Opportunities; Premium Brands; Quest AI-Driven Global Equities. Best in class: Emerging Local Currency Debt; Global Emerging Debt; Emerging Debt Blend; Positive Change; Quest Europe Sustainable Equities; Quest Global Sustainable Equities. Positive impact: Biotech; China Environmental Opportunities; Clean Energy Transition; Climate Government Bonds; Global Environmental Opportunities (GEO); Global Megatrend Selection (GMS); Global Sustainable Credit; Global Thematic Opportunities (GTO); Health, Human, Nutrition, Regeneration, Robotics, Security, Smart City, Timber, Water. ESG integrated: All other strategies
Year ESG/SRI products or services first offered: 1995
Philosophy/style: A global leader in environmental and sustainable strategies, responsibility is central to our way of thinking. We systematically integrate ESG into all investment processes and expect issuers to respect planetary boundaries and international standards on governance, human rights, and ethical business practices.
STEWART INVESTORS
Contact: Hugh Tancred, Head of Institutional Distribution, Americas
Address: 10 East 53rd Street, Level 21, New York, NY, 10022
PH: 646-656-6030
Email: [email protected]
Website: stewartinvestors.com
ESG/SRI products or services: Stewart Investors manages Worldwide, Emerging Markets, Asia-Pacific, European, and Indian Subcontinent equity investment strategies, available as pooled vehicles or segregated mandates. All of these strategies invest explicitly in businesses contributing to, and benefiting from, sustainable development.
Year ESG/SRI products or services first offered: Stewart Investors traces its history back to the Scottish American Investment Trust, which was established in Edinburgh in 1873. The first Stewart Investors strategy run according to our core philosophy (taking a long-term approach to investing in high-quality companies with strong stewardship) was launched in 1988. The investment team has been managing portfolios explicitly dedicated to sustainable development since 2005.
Number of ESG/SRI Canadian pension fund clients: We do not currently have any Canadian pension fund clients. Our Canadian client base is made up of family offices and foundations/charities.
Philosophy/style: We are long-term equity investors with a focus on stewardship and engagement. We take a bottom-up, benchmark-agnostic approach to stock selection. We only invest in high-quality companies that contribute to, and benefit from, sustainable development.
STONEBRIDGE FINANCIAL
Contact: Angela Valdes, Vice President
Address: 20 Adelaide Street East, Suite 1201, Toronto, ON, M5C 2T6
Phone: 416-364-3001
Email: [email protected]
Web: Stonebridge.ca
ESG/SRI products/services: Among Stonebridge Financial’s various strategies, it launched Canada’s first infrastructure private debt fund in 2012 (and its second in 2014) focused on social infrastructure and renewable power sectors, which provide tangible exposure to ESG-oriented investments, including Indigenous-owned projects. Originally designed in partnership PPP Canada and a pension consultant, Stonebridge Infrastructure Debt Fund I (SIDF I) raised over $200 million in institutional investor commitments, followed by SIDF II which grew to nearly $600 million – notably, these investment grade funds averaged 38% exposure to projects with Indigenous investments. As part of Stonebridge Financial’s 25th anniversary, its third fund (SIDF III) will be launched in early 2025 with a similar focus, with targets of $1 billion of capital commitments and at least 30% exposure to Indigenous projects.
Year SRI products or services first offered: 2012
Clients: Stonebridge Financial manages and administers investments on behalf of Pension Plans, Labour Unions, Insurance Companies, Banks, Municipalities, Foundations/Endowments, Universities, Government Entities, Other Managers, as well as Corporate and Other Institutional Investors. Co-Investment opportunities for investors as well as Subadvisory Services for other managers are also available.
Philosophy/style: 100% focused on private debt investments across infrastructure, renewable power, healthcare, real estate and corporates, Stonebridge Financial has been an early adopter and ongoing promoter of environmentally sustainable and socially responsible finance since the firm’s founding a quarter century ago. A UN PRI signatory, recent industry awards received by the firm and its leadership, include from: Clean50 (Lifetime Achievement Award), Canadian-Council of PPPs (Merit Award), the Indigenomics Institute (10 to Watch), and the First Nations Power Authority (Indigenous Allyship).
SUN LIFE GLOBAL INVESTMENTS
Contact: Anne Meloche, Head of Institutional Business
Address: 1 York Street, Toronto, ON, M5J 0B6
PH: 514-347-6137
Email: [email protected]
Website: slgiinstitutional.com
ESG/SRI products or services: Net-zero glidepath solutions; sustainability-focused listed infrastructure
Year ESG/SRI products or services first offered: 2019
Philosophy/style: As a manager of managers, our responsible investing activities are primarily focused on sub-advisor selection and ongoing monitoring of their responsible investing practices. Our assessments focus on three key pillars: firm-wide commitment, implementation of ESG considerations in their strategy, and approach to active stewardship.
T. ROWE PRICE
Contact: Lauren Bloom, Head of Canada
Address: Suite 4240, 77 King Street West, Toronto, ON, M5K 1G8
PH: 647-355-6887
Email: [email protected]
Website: www.troweprice.com
ESG/SRI products or services: T. Rowe Price Global Impact Equity Strategy, T. Rowe Price US Impact Equity Strategy, T. Rowe Price Global Impact Credit Strategy
Year ESG/SRI products or services first offered: 2020
Philosophy/style: Our Impact investment approach is defined by its dual mandate, which simultaneously seeks both benchmark outperformance and positive environmental and social impact by investing in durable, growing businesses with measurable impact criteria.
TD GLOBAL INVESTMENT SOLUTIONS
Contact: Mark Cestnik, Managing Director, Head of Global Institutional Distribution
Address: 161 Bay Street, 30th Floor, Toronto, ON, M5J 2T2
PH: 416-307-5878
Email: [email protected]
Website: www.td.com/ca/en/global-investment-solutions
ESG/SRI products or services: TD Asset Management Inc. (TDAM) offers the following ESG-focused funds: TD North American Sustainability Equity Fund; TD North American Sustainability Balanced Fund; TD North American Sustainability Bond Fund; TD Emerald Low Carbon Global Equity Index Non-Taxable Investor Pooled Fund Trust; and TD Emerald Low Carbon/Low Volatility Global Equity Pooled Fund Trust. For details, refer to the “ESG-Focused Funds” section of TDAM’s Sustainable Investment Report 2023, which is available on our public website. Additionally, for institutional clients who set their own environmental objectives and targets, TDAM can customize solutions to support their ESG-related investment objectives.
Year ESG/SRI products or services first offered: 2020
Number of ESG/SRI Canadian pension fund clients: 9 institutional ESG clients as of June 30, 2024
Philosophy/style: At TDAM, we believe that considering material ESG factors is fundamentally aligned with our overall philosophy of seeking investments in sustainable long-term assets through a risk-managed process. Please refer to TDAM’s Sustainable Investing Approach.
TELUS HEALTH INVESTMENT MANAGEMENT LTD.
Contact: Alana Dubinski, Chief Compliance Officer, Head of ESG Strategy
Address: 25 York Street, Toronto, ON, M5J 2V5
PH: 416-527-2859
Email: [email protected]
Website: www.telus.com/en/health?linkname=Health&linktype=ge-supernav
ESG/SRI products or services: ESG Education for Committees and Members; ESG Policy Development and Investment Beliefs; ESG Manager Research; Proprietary ESG Ratings; Climate Scenario Analysis Modelling; ESG Reporting; ESG Dashboard; ESG Governance, Regulatory and Strategy Consulting; ESG Organizational Integration and Operationalization Consulting (TELUS Environmental Solutions)
Year ESG/SRI products or services first offered: 2018
Number of ESG/SRI Canadian pension fund clients: 17
Philosophy/style: As UN PRI signatories since 2018, we have adopted the UN PRI’s definition of ESG integration – meaning the systematic and explicit inclusion of material ESG factors into investment analysis and investment decisions. When working with clients, our approach to ESG can be summarized as follows: Adaptable: We recognize clients have unique requirements and are at various stages of ESG maturity. We will work with clients and other stakeholders to meet them at their ESG maturity level. Practical: As consultants our goal is to simplify decision-making for clients and help them achieve their desired outcomes. ESG integration should be feasible and reflect the specific circumstances and nature of the plan. Evolutionary: The ESG landscape is evolving quickly – our approach and solutions will be anticipatory and reflect best practices.
THE CANADA LIFE ASSURANCE COMPANY
Contact: Kristin Ramlal, Vice President, Institutional Investment Sales
Street: 60 Osborne St. N, Winnipeg, MB, R3C 1V3
PH: 888-579-3877, ext. 8060
Email: [email protected]
Website: canadalife.com
ESG/SRI products or services: Canada Life Sustainable Target Date Funds (J.P. Morgan); Canada Life Sustainable Global Bond Fund (J.P. Morgan); Canada Life ESG U.S. Equity Fund (J.P. Morgan); Canada Life U.S. Carbon Transition Equity Fund (J.P. Morgan); Canada Life Sustainable Global Equity Fund (J.P. Morgan); Canada Life Sustainable Emerging Markets Equity Fund (J.P. Morgan); SRI Bond (Mackenzie); SRI Canadian Equity (Mackenzie); SRI Global Equity (Setanta); SRI Balanced (Mackenzie). Furthermore, via our partnership with Irish Life Investment Managers (ILIM), we have the ability to build a uniquely customized global equity portfolio solution for plan sponsors, taking their unique ESG values into consideration. The portfolio management team at ILIM will conduct a client discovery to determine financial and investment objectives, the thematic target, and then build and back-test the portfolio. Once agreed upon, the portfolio is implemented and ILIM will continue to track the portfolio versus its custom benchmark, providing regular updates and reporting. This unique portfolio solution is available for registered and non-registered group institutional investors with a $25 million minimum commitment in investable assets.
Year ESG/SRI products or services first offered: Canada Life Sustainable Target Date Funds (J.P. Morgan) – Dec. 2021; Canada Life Sustainable Global Bond Fund (J.P. Morgan) – July 2023; Canada Life ESG U.S. Equity Fund (J.P. Morgan) – July 2023; Canada Life U.S. Carbon Transition Equity Fund (J.P. Morgan) – July 2023; Canada Life Sustainable Global Equity Fund (J.P. Morgan) – July 2023; Canada Life Sustainable Emerging Markets Equity Fund (J.P. Morgan) – July 2023; SRI Bond (Mackenzie) – June 2015; SRI Canadian Equity (Mackenzie) – Dec. 2000; SRI Global Equity (Setanta) – June 2015; SRI Balanced (Mackenzie) – Jan. 2014
Number of ESG/SRI Canadian pension fund clients: 2,799 (pension and non-pension group institutional clients)
Philosophy/style: Through Canada Life’s Outsourced Chief Investment Officer (OCIO) services, plan sponsors discuss opportunities to align their ESG values and socially responsible investment goals under our single-contract institutional investment solution. By leveraging Canada Life’s diverse best-in-class multi-manager and multi-style fund shelf, curated and continuously monitored by our Investment Manager Research team, plan sponsors can be confident that ESG and socially responsible investment solutions can be incorporated in the construction of a uniquely diversified investment portfolio.
Our institutional investment solution is best suited for foundations, endowments, trusts, and pensions plans looking for a simplified investment management solution that can incorporate and align ESG values and socially responsible investing goals within the portfolio construction.
Please reach out to us today to learn more.
TRIASIMA PORTFOLIO MANAGEMENT INC.
Contact: Nathalie Nowlan, Partner, Client Relationships
Address: 2520-900 de Maisonneuve Blvd. W., Montréal, QC, H3A 0A8
PH: 514.906.0667, ext. 247
Email: [email protected]
Web: triasima.com
ESG/SRI products/services: Triasima currently offers the Triasima Canadian Equity Ex-Fossil Fund and the Triasima All Country World Ex-Fossil Fund. We also offer custom-made solutions for clients who wish to have their listed equities managed with formal objectives of sustainability or impact.
Year SRI products or services first offered: 2016
Philosophy/style: Our portfolio management approach is to combine three methods of analysis to add depth and perspective to traditional analysis. We believe that integrating ESG factors into stock selection and portfolio construction creates long-term opportunities to optimize risk-return and generate positive social and environmental impacts.
VAN BERKOM GLOBAL ASSET MANAGEMENT
Contact: Andy Kong, Senior Director, Institutional Markets
Address: Suite 2510, 600 de Maisonneuve Blvd Street West, Montreal, QC, H3A 3J2
PH: 514-985-0909
Email: [email protected]
Website: www.vanberkomglobal.com
ESG/SRI products or services: Canadian Small Cap Equity Strategy; US Small Cap Equity Strategy; US Small-Mid Cap Equity Strategy; Global Small Cap Equity Strategy; International Small Cap Equity Strategy
Year ESG/SRI products or services first offered: 2022
Number of ESG/SRI Canadian pension fund clients: 16
Philosophy/style: Governance issues have been at the heart of our investment decisions since our company’s founding in 1991. Although we have always maintained the same investment process, we must adapt it to market realities. Environmental and social issues are more than ever at the forefront of the news and the political agenda. As with all changes, they generally bring their share of risks and opportunities. We therefore consider these new risks and opportunities in our due diligence and recurring monitoring processes, while responding to the ever-increasing demand for documentation and information on our approach.
VANCITY INVESTMENT MANAGEMENT (VCIM)
Contact: Jeffrey Adams, Chief Investment Strategist and Director
Address: 183 Terminal Ave, 8th Floor, Vancouver, BC, V6A 4G2
PH: 604-318-3389
Email: [email protected]
Website: www.vcim.ca
ESG/SRI products or services: VCIM Global Equity Fund, VCIM Global Small Cap Fund, VCIM Global Low Volatility Fund, VCIM Global Impact Fund, VCIM Canadian Equity Fund, VCIM Income Fund, VCIM Bond Fund, VCIM Short Duration Bond Fund
Year ESG/SRI products or services first offered: VCIM’s history in ESG/SRI dates back to 2001, when it first partnered with Renewal Partners to create Real Assets to launch a series of SRI mutual funds.
Number of ESG/SRI Canadian pension fund clients: 1
Philosophy/style: VCIM’s investment process integrates ESG analysis with in‐depth financial analysis to identify high-quality companies that have the potential to succeed in a world of evolving environmental risk, increased social expectations, and changing shareholder demands.
WILLIAM BLAIR
Contact: Jason R. Stefanelli, Director, Head of Canada
Address: 125 High St., Ste. 1901, Boston, MA, 02110
PH: 617.784.5662
Email: [email protected]
Web: www.williamblair.com
ESG/SRI products/services: Global Leaders Sustainability and U.S. Equity Sustainability
Year SRI products or services first offered: 2011
Philosophy/style: William Blair has long recognized the importance of a quality-focused approach to the fundamental analysis of companies. ESG factors have a meaningful impact on a company's ability to create value over time, so our core investment philosophies and processes are naturally aligned with sustainable investing principles.