Socially Responsible Investing
Privileged and confidential, not for further distribution
Benefits and Pensions Monitor makes no representations or warranties as to the availability, accuracy or completeness of any information contained herein and expressly disclaims any obligation to update said information. Benefits and Pensions Monitor further assumes no liability or responsibility for any errors or omissions in the content of this report.
Contact us for a showcase profile listing.
ABERDEEN ASSET MANAGEMENT INC.
Renee Arnold, Head of Business Development, Canada; 161 Bay St., 44th Floor, TD Canada Trust Tower, Toronto, ON M5J 2S1
SRI Products/Services: EAFE Plus, Global Equity
Managed Since: 1995
Canadian Clients: 5
SRI Philosophy/Style: Employs bottom-up fundamental analysis, focusing on absolute return and invests in companies with sound fundamentals that pass their investment criteria of quality and price; for SRI mandates, companies must also pass a screening process for acceptable social behaviour
ACUITY INVESTMENT MANAGEMENT INC.
Michael Peck, Senior Vice-president, Institutional; 66 Wellington St. W., 31st Floor, Toronto Dominion Bank Tower, Toronto, ON M5K 1E9
SRI Products/Services: Social Values Balanced, Social Values Equity, Clean Environment Equity, Pooled Social Values Canadian Equity
Managed Since: 1991
Canadian Clients: 1
SRI Philosophy/Style: Investment style is growth-oriented and this style is applied across all mandates; believes that companies that apply sustainable investment practices are also more likely to have strong business models over the long term
ADDENDA CAPITAL INC.
Michel Jalbert, Senior Vice-president, Business Development & Client Partnerships; 800 Boul. René Lévesque O., #2750, Montreal, QC H3B 1X9
SRI Products/Services: Sustainable Investment Program
Managed Since: 1992
Canadian Clients: 2
SRI Philosophy/Style: Starting with Canadian Equity strategies, the firm's approach to sustainable investing is evolving to include more explicit consideration of environmental, social, and governance (ESG) factors in the investment decision-making processes and enhanced monitoring of the ESG issues the investee companies face and are managing.
BMO GLOBAL ASSET MANAGEMENT
Marija Finney, Senior Vice-president, Head of Institutional Sales & Service; 77 King St. W., Ste. 4200, Toronto, ON M5K 1J5
SRI Products/Services: Offers separate accounts with client directed SRI guidelines for most Canadian, U.S., Global Equity, Fixed Income products
Managed Since: 2002
BNP PARIBAS INVESTMENT PARTNERS CANADA LTD.
Simon Segall, Chief Executive Officer; 155 Wellington St. W., Ste. 3110, RBC Centre, Box 149, Toronto, ON M5V 3H1
Products/Services: BNP Paribas Asset Management – Equities, Fixed Income, Balanced Solutions, Structured Solutions; IMPAX Asset Management – Environmental Equity Strategies; BNP Paribas Clean Energy Partners GP – Clean Energy; FundQuest – Multi-management SRI Strategies; THEAM – EasyETF Tracker Range
Managed Since: 2001
Philosophy/Style: Offers a complete range of sustainable investment solutions that add value by capturing new opportunities resulting from sustainable development, reducing emerging risks created by unsustainable development, and supporting a higher degree of responsibility
CIBC GLOBAL ASSET MANAGEMENT INC.
Taras Klymenko, Vice-president, Institutional Business Development; 1000 de la Gauchetiere W., Ste. 3200, Montreal, QC H3B 4W5
SRI Products/Services: Canadian Equity
Managed Since: 1980
Canadian Clients: 10
SRI Philosophy/Style: Searches for firms that rank highly for addressing social, ethical, environmental concerns; identifies companies in sound financial condition whose management team is focused and credible; generates and maintains a properly diversified portfolio
CORDIANT CAPITAL INC.
David G. Creighton, President & CEO; Ste. 2400 – 1010 Sherbrooke St. W., Montreal, QC H3A 2R7
SRI Products/Services: International Finance Participation Trust 2001, International Finance Participation Trust 2004, Canada Investment Fund for Africa, Emerging Loan Fund III, ICF-Debt Pool
Managed Since: 2001
Canadian Clients: 4
SRI Philosophy/Style: Makes private debt and private equity investments in emerging markets and considers ESG screening to be an important tool for identifying well-run businesses, improving risk management, and building a robust portfolio of investments
DESJARDINS FINANCIAL SECURITY
Jean-Francois Pelletier, Regional Vice-president, Business Development; 1 Complexe Desjardins, South Tower, 21st Floor, Montreal, QC H5B 1E2
Managed Since: 2009
Canadian Clients: 13
Philosophy/Style: Ethical Income – Core fixed income product that mainly relies on yield curve and sector spread analysis; Ethical Canadian Equity uses multi-management strategy that allocates capital between three different mandates, each with a specific approach; Ethical Global Equity – style is core, investment approach based on a combination of qualitative company selection strategies and strict pricing disciplines
DEXIA ASSET MANAGEMENT
Christophe Vandewiele, Head of Dexia Asset Management, Canadian Representative Office; 155 Wellington St. W., 6th Floor, Toronto, ON M5V 3L3
SRI Products/Services: World, North American, European, Pacific, Emerging Markets Equities; European Balanced Mandates; World, European, Corporate, Short-term Fixed Income; Microfinance Products
Managed Since: 1996
SRI Philosophy/Style: Offers SRI solutions that use a combination of some or all of Best-in-class, Norms-based, and Exclusionary approaches, with the overall objective of generating competitive returns while advocating responsible behaviour towards sustainable development
FIERA CAPITAL CORPORATION
David Pennycook, Vice-chairman & Executive Vice-president, Institutional Markets; 1501 McGill College Ave., Montreal, QC H3A 3M8
SRI Products/Services: Active Fixed Income;Canadian Equity; Canadian Equity – Environments; U.S. Equity; Global ESG; Endowments, Trusts, and Foundations Balanced Fund; Social Value Canadian Equity
Managed Since: 2004
Canadian Clients: 118
SRI Philosophy/Style: Line of SRI and ESG strategies allows the firm to offer solutions capable of meeting the specific SRI and ESG needs of clients
GENUS CAPITAL MANAGEMENT
JP Harrison, President; 6th Floor – 900 West Hastings St., Vancouver, BC V6C 1E5
SRI Products/Services: Biosphere Plus Canadian Equity, Biosphere Plus Global Equity, Biosphere Plus Bond
Managed Since: 2000
SRI Philosophy/Style: Screened portfolios use the same investment approach as traditional mandates, but also integrate environmental, social, and governance factors to screen out companies that do not meet social and environmental criteria; portfolios are diversified across sectors and industries
GLC ASSET MANAGEMENT GROUP LTD.
Craig Christie, Vice-president, Institutional Investment Counselling; 100 Osborne St. N., Winnipeg, MB R3C 3A5
Products/Services: Great-West Life Ethics Fund 9.02G, Great-West Life Socially Responsible Canadian Bond Fund 16.02G
Managed Since: 2000
Philosophy/Style: SR Equity Fund – Invests in shares of publicly traded Canadian companies that conduct business operations in a socially responsible manner, according to 'ethical' screens, that show strong growth prospects; some exposure to foreign companies that meet these criteria; integrated top-down, bottom-up style; SR Bond Fund – invests in Canadian federal and provincial government debt obligations and an 'ethical' screened listing of medium-to-high-quality corporate debt securities
GUARDIAN ETHICAL MANAGEMENT
Brian Holland, Senior Vice-president; Commerce Court W., 199 Bay St., Ste. 3100, Toronto, ON M5L 1E8
SRI Products/Services: Canadian Equity Pool, Global Equity Pool, Fixed Income Pool, Balanced Pool, and segregated strategies.
Managed Since: 2005
Canadian Clients: 7
SRI Philosophy/Style: Guardian Ethical Management (GEM) is a joint venture between Guardian Capital LP, one of Canada's longest-established investment management firms, and NEI Investments, home to Ethical Funds – Canada's leading socially responsible mutual fund family for more than 25 years. GEM combines the investment management expertise of Guardian Capital LP and the corporate engagement program developed by Ethical Funds.
HSBC GLOBAL ASSET MANAGEMENT (CANADA) LIMITED
Paul Seto, Vice-president, Investment Sales; Ste. 600 – 70 York St, Toronto, ON M5J 1S9
SRI Products/Services: Global Equity; Global Thematic Equity; Regional Equity; Single Country Equity; Balanced Mandate; Global Fixed Income; Regional Fixed Income; Quantitative Single Country, Regional, Global Strategies; SRI investment teams able to design customized solutions, responding to any number of specific needs and constraints a client may have including alignment with the corporate mission, influence from beneficiaries and stakeholders, reduction of investment risk, legislative environment, employee saving plans
Managed Since: 1994
SRI Philosophy/Style: Investment philosophy embodies the commitment with which it develops innovative products and customized solutions; drawing on the global presence of the HSBC Group, it benefits from an understanding of sustainable development issues and is able to offer its clients new investment opportunities all over the world and in line with SRI values
LEGG MASON CANADA INC.
David Gregoire, Managing Director, Head of Distribution; 220 Bay St., 4th Floor, Toronto, ON M5J 2W4
SRI Products/Services: Brandywine Global Investment Management – Large Cap Core Equity, Large Cap Value Equity; ClearBridge Advisors – Socially Aware Investment Program; Global Currents Investment Management – Global Value Equity, International Value Equity, ValueCore International Equity, International Value Equity Labour Friendly; Legg Mason Investment Counsel – Global Equity, Equity; Western Asset Management – Fixed Income
Managed For: More than 10 years
SRI Philosophy/Style: Through its affiliates, offers a range of strategies with focus on socially aware investments; portfolios cover multiple styles and market capitalizations in International Equity, Global Equity, U.S. Equity, Fixed Income
LINCLUDEN INVESTMENT MANAGEMENT
Wayne Wilson, Vice-president; 1275 North Service Rd. W., Ste. 607, Oakville, ON L6M 3G4
SRI Products/Services: Canadian Equities, U.S. Equities, MSCI EAFE, MSCI World
Managed Since: 2012
SRI Philosophy/Style: Value investors that believe while financial markets are efficient in the long term, they can be inefficient in the short to medium term; financial markets will often misprice the stock price of a company in the short run. This gives an investor the opportunity to buy securities at a discount to their economic or intrinsic value
MFS MCLEAN BUDDEN
Christine Girvan, Managing Director; 145 King St. W., 25th Floor, Toronto, ON M5H 1J8
Web: www.mcleanbudden.com or www.mfs.com
SRI Products/Services: Balanced Fund, Fixed Income Fund, Canadian Equity Fund, Global Research Fund
Managed Since: 2000
Canadian Clients: 20
SRI Philosophy/ Style: Generally, socially responsible investors favour corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity
PHILLIPS, HAGER & NORTH INVESTMENT MANAGEMENT*
John Skeans, Head of Consultant Relations (Canada); 20th Floor, 200 Burrard St., Vancouver, BC V6C 3N5
SRI Products/Services: Pooled Investment Services using Community Values Funds – Balanced Fund, Bond Fund, Canadian Equity Fund, Global Equity Fund; Segregated Investment Services
Managed Since: SRI accounts on a segregated basis – Early 1990s; Pooled Community Values Investment Funds – 2002
Canadian Clients: 1 plus a number of other non-pension SRI clients
SRI Philosophy/Style: Funds are modeled after the firm's 'core' funds and managed according to the Community Values Investment Principles, which are applied to a company's environmental, social, and governance record; investments are not made in companies that score poorly against the criteria in the investment principles
*Part of RBC Global Asset Management Inc.
PICTET ASSET MANAGEMENT LTD.
John Maratta, Senior Vice-president; 1000 de la Gauchetiere W., Ste. 3100, Montreal, QC H3B 4W5
SRI Products/Services: Core Strategies – Bonds, Equities, Balanced; Thematic Products – Water Fund, Clean Energy Fund, Timber Fund
Managed Since: 1998
SRI Philosophy/Style: The firm believes in building portfolios for investors that satisfy their environmental and social objectives for sustainable investment without sacrificing performance relative to a conventional active portfolio
RENEWAL2 INVESTMENT FUND
Nicole Bradbury, Vice-president; 500-163 West Hastings St., Vancouver, BC V6B 1H5
SRI Products/Services: Social Investment Fund U.S. Limited Partnership, Social Investment Fund Canadian Limited Partnership, Social Investment Fund Canadian Trust
SRI Philosophy/Style: Social venture fund dedicated to delivering financial returns by investing in leading environmental and social mission businesses in Canada and the U.S.; focuses on underfunded sectors critical to a sustainable economy and early-stage, scalable businesses generating meaningful shifts in consumer behaviour
SARONA ASSET MANAGEMENT INC.
Gerhard Pries, Managing Partner, 110 Frobisher Dr., Waterloo, ON N2V 2G7
SRI Products/Services: Private Equity in Frontier and Emerging Markets, in Small/Mid-market companies, structured as diversified fund-of-funds, for accredited investors only
Managed Since: 1953
SRI Philosophy/Style: Targeting top-quartile returns with strong ethical, social, and environmental values
STANDARD LIFE INVESTMENTS INC.
Jay Waters, Vice-president, Central Canada; 121 King St. W., Ste. 810, Toronto, ON M5H 3T9
SRI Products/Services: Offers separate accounts according to screening criteria specified by the client.
Managed Since: 1999 (globally)
TD ASSET MANAGEMENT INC.*
Robin Lacey, Head of Relationship Management; 161 Bay St., 34th Floor, Toronto, ON M5J 2T2
SRI Products/Services: Global Sustainability Fund
Managed Since: 2007
Philosophy/Style: Invests in a combination of companies from around the world viewed as-best-in-class with respect to environmental stewardship, stakeholder management; and/or corporate governance and/or emerging specialists in clean energy technology and resource efficiency
*A wholly-owned subsidiary of The Toronto-Dominion Bank
WELLINGTON MANAGEMENT COMPANY, LLP
Susan Pozer, Vice-president; Director, Canada, Global Relationship Group; 280 Congress St., Boston, MA 02210
eMail: email@example.com or firstname.lastname@example.org
SRI Products/Services: SRI guidelines are client directed; firm is willing to discuss those guidelines for most of its U.S., Global, International Equity, and Fixed Income products.
Managed Since: 1994
SRI Philosophy/Style: The firm assists clients in the development of investment 'screens' or complete investment styles that seek to achieve specified investment goals while complying with the restrictions
GROUPE INVESTISSEMENT RESPONSIBLE INC.
Olivier Gamache, CEO; 255 St. Jacques St. 3rd Floor, Montreal, QC H2Y 1M6
SRI Products/Services: Proxy Voting Services – Voting recommendations are available to clients using the CAUCUS policy; Research Services – GIR Note to Professionals newsletter, corporate issues report, portfolio review, ESG monitoring, ad hoc research; Consultation Services – Developing integration tools for ESC filters, developing a voting-right exercise or SRI policy, financial product development
Managed Since: 2001
Canadian Clients: 9
Philosophy/Style: Guides clients through the environmental, social, corporate governance issues that affect public companies
INVESTING FOR THE SOUL
Ron Robins, Founder & Analyst; 7625 Ronnie Cres., Niagara Falls, ON L2G 7M1
SRI Products/Services: Company Research Service – Provides company specific assessments and information related to values, i.e. ESG (environmental, social, and governance values), that the client selects; Portfolio Audit Service – Helps determine for the owner of any given portfolio, whether or not a particular set of values, i.e. ESG, are properly reflected in the holdings; provides specific assessments and information pertaining to each company in the portfolio
Managed Since: 2002
SRI Philosophy/Style: Company research and portfolio audits provided on the basis of environmental, social, governance, and ethical values selected by the client
Jane Ambachtsheer, Partner; 161 Bay St., Toronto, ON M5J 2S5
SRI Products/Services: Educating investors, identifying RI opportunities for plans, integrating RI into investment policy, developing a co-ordinated approach to active ownership, assessing investment approach to ESG of managers, collaborative research, principles for responsible investment, climate change assessment
Managed Since: 2004
Canadian Clients: 30
SRI Philosophy/ Style: RI expertise links businesses and organizational goals to their financial objectives; believes investors who consider all aspects that could affect investment performance – including ESG factors – are better placed to manage risk and generate value
Paula Glick, Director, Institutional Relations, Canada; 215 Spadina Ave., Ste. 300, Toronto, ON M5T 2C7
SRI Products/Services: Company research on environmental, social, and governance performance including company profiles, global compact compliance, controversial weapons involvement, country risk, industry reports, PRI signatory advisory services, advisory services
Managed Since: 1992
Canadian Clients: 10
Philosophy/Style: Global provider of ESG research and analysis for investors and financial institutions; offer a global perspective, underpinned by local expertise in the responsible investment market; provides clients with solutions and is responsive to their needs