The Canadian Source Of Employee Pension Fund Investment And Benefits Plan Management

Directories

Socially Responsible Investing

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Money Managers and Services are listed below.

Money Managers

ABERDEEN ASSET MANAGEMENT INC.
Renee Arnold, Head of Business Development, Canada; 161 Bay St., 44th Floor, TD Canada Trust Tower, Toronto, ON M5J 2S1
PH: 416-777-5571
Fax: 866-290-9322
eMail: renee.arnold@aberdeen-asset.com
Web: www.aberdeen-asset.com
Products/Services: EAFE Plus, Global Equity
Managed Since: 1995
Canadian Clients: 5
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

ADDENDA CAPITAL INC.
Michel Jalbert, Senior Vice-president, Business Development & Client Partnerships; 800 Boul. Rene Levesque O., #2750, Montreal, QC H3B 1X9
PH: 514-287-7373
Fax: 514-287-7200
eMail: m.jalbert@addenda-capital.com
Web: www.addenda-capital.com
Products/Services: Sustainable Investment Program
Managed Since: 1992
Canadian Clients: 13
Philosophy/Style: Incorporates environmental, social, and governance (ESG) issues into investment analysis and decision-making and monitors and engages with investee companies, regulators, and policy makers on ESG matters

AGF MANAGEMENT LIMITED
Michael Peck, Senior Vice-president, Head of Canadian Institutional; 66 Wellington St. W., 31st Floor, Toronto Dominion Bank Tower, Toronto, ON M5K 1E9
PH: 416-865-4253
Fax: 416-865-4247
eMail: michael.peck@agf.com
Web: www.agf.com
Products/Services: Social Values Balanced, Social Values Equity, Clean Environment Equity, Pooled Social Values Canadian Equity
Managed Since: 1991
Philosophy/Style: Investment style is growth-oriented and this style is applied across all mandates; the belief is that companies that apply sustainable investment practices are also more likely to have strong business models over the long term

AMUNDI CANADA INC.
Gilbert Lavoie, President; 2000 McGill College Ave., Ste. 1920, Montreal, QC H3A 3H3
PH: 514-982-2902
Fax: 514-982-2915
eMail: gilbert.lavoie@amundi.com
Web: www.amundi.com
Products/Services: ‘Best-in-class Funds,’ Ethical Funds, Impact Investing Funds, Shared Return Funds, Social Entrepreneurship Funds, Development Support Funds
Managed Since: 1989
Philosophy/Style: As a signatory to the Principles for Responsible Investment (PRI), the firm is committed to taking greater account of environmental, social, and governance (ESG) criteria in its investment policies alongside financial criteria; this orientation constitutes the fourth pillar and is a major strategic focus for the coming years

BLACKROCK
Eric Leveille, Managing Director; 1000 Sherbrooke W. Ste. 1730, Montreal, QC H3A 3G4
PH: 416-643-4040
Fax: 514-843-5198
eMail: eric.leveille@blackrock.com
Web: www.blackrock.com
Products/Services: Equity, U.S. Large Cap Core, NTR Renewable Power Strategy, Exchange Traded Funds, MSCI SRI Index Funds, partners with financial advisors to design and implement customized financial solutions tailored to the individual values and beliefs of its clients
Managed Since: 1988 

BNP PARIBAS INVESTMENT PARTNERS CANADA LTD.
Robert Harrison, Chief Executive Officer; 200 Park Ave., New York, NY 10166
PH: 212-681-1300
eMail: robert.harrison@bnpparibas.com
Web: www.bnpparibas-ip.com
Products/Services: BNP Paribas Asset Management – Equities, Fixed Income, Balanced Solutions, Structured Solutions; IMPAX Asset Management – Environmental Equity Strategies; FundQuest – Multi-management SRI Strategies; THEAM – EasyETF Tracker Range
Managed Since: 2001
Philosophy/Style: Offers a 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

CALDWELL INVESTMENT MANAGEMENT LTD.
Christina Kish, Institutional Sales, 150 King St. W, Ste. 1702, Toronto, ON M5H 1J9
PH: 416-593-1798 x269
Fax: 416-862-2498
eMail: ckish@caldwellinvestment.com
Web: www.caldwellinvestment.com
Products/Services: Balanced Fund, Canadian Value Momentum Fund, High Income Equity Fund, Growth Opportunities Trust, ICM Market Strategy Trust, Strategic Investment Pool, Income Fund
Managed Since: 1990
Philosophy/Style: Combines disciplined, active, and fundamental value investing with a focus on capital preservation; does not use leverage, derivatives, or short selling in any of its strategies and does not invest in companies involved in alcohol, firearms, tobacco, or adult entertainment industries

CIBC GLOBAL ASSET MANAGEMENT INC.
Taras Klymenko, Vice-president, Institutional Business Development; 161 Bay St., Ste. 2320, Toronto, ON M5J 2S8
PH: 416-214-8338
Fax: 416-364-4472
eMail: taras.klymenko@cibc.ca
Web: www.cibcam.com
Products/Services: Canadian Equity
Managed Since: 1980
Canadian Clients: 11
Philosophy/Style: Searches for firms that rank highly for addressing social, ethical, and environmental concerns; identifies companies in sound financial condition, whose management team is focused and credible; generates and maintains a properly diversified portfolio

CORDIANT
David G. Creighton, President & CEO; Ste. 2400 – 1010 Sherbrooke St. W., Montreal, QC H3A 2R7
PH: 514-286-1142
Fax: 514-286-4203
eMail: info@cordiantcap.com
Web: www.cordiantcap.com
Products/Services: International Finance Participation Trust 2001, International Finance Participation Trust 2004, Canada Investment Fund for Africa, Emerging Loan Fund III, ICF-Debt Pool, Emerging Loan Fund IV
Managed Since: 2001
Canadian Clients: 4
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 INSURANCE
Tony Ioanna, Regional Vice-president, Business Development; 1 Complexe Desjardins, South Tower, 21st Floor, Montreal, QC H5B 1E2
PH: 514-285-7899
Fax: 514-285-8766
eMail: tony.ioanna@dfs.ca
Web: www.desjardinslifeinsurance.com 
Products/Services: Ethical Income Fund, Ethical Global Equity Fund
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

FIERA CAPITAL CORPORATION
David Pennycook, Vice-chairman & Executive Vice-president, Institutional Markets; 1501 McGill College Ave., Montreal, QC H3A 3M8
PH: 514-954-3300
Fax: 514-954-3325
eMail: dpennycook@fieracapital.com
Web: www.fieracapital.com
Products/Services: Canadian Equity Value; Canadian Equity Selexia; U.S. Equity; International Equity; Endowments, Foundations, and Trusts Balanced Fund; Ethical Active Fixed Income; Canadian Equity – Environment
Managed Since: 2004
Canadian Clients: 225
Philosophy/Style: Offers a range of strategies to meet the needs of clients who wish to consider environmental, social, and governance (ESG) factors within their portfolios; propositions include ESG/ethical strategies in Canadian, U.S., and international equities, as well as fixed income strategies with ethical considerations; the firm is a signatory of the United Nations Principles for Responsible Investment (PRI)

GENUS CAPITAL MANAGEMENT
JP Harrison, President; 6th Floor – 900 West Hastings St., Vancouver, BC V6C 1E5
PH: 604-683-4554
Fax: 604-683-7294
eMail: jharrison@genuscap.com
Web: www.genuscap.com
Products/Services: Biosphere Dividend Equity, Biosphere CanGlobe Equity, Biosphere Corporate Bond
Managed Since: 2000
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
PH: 204-946-4083
Fax: 204-946-8818
eMail: craig.christie@glc-amgroup.com
Web: www.glc-amgroup.com
Products/Services: Great-West Life Ethics Fund 9.02G, Great-West Life Socially Responsible Canadian Bond Fund 16.02G, Great-West Life Commercial Mortgage Fund
Managed Since: 2000
Canadian Clients: 127 policies
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, Client Services; 199 Bay St., Commerce Court W., Ste. 3100, Toronto, ON M5L 1E8
PH: 416-350-3146
Fax: 416-364-9634
eMail: bholland@guardiancapital.com
Web: www.gemportfolios.com
Products/Services: Canadian Equity Pool, Global Equity Pool, Fixed Income Pool, Balanced Pool
Managed Since: 2005
Canadian Clients: 9
Philosophy/Style: Believes that engaging management is the most effective approach to change in corporate practices

LEGG MASON CANADA INC.
David Gregoire, Managing Director, Head of Distribution; 220 Bay St., 4th Floor, Toronto, ON M5J 2W4
PH: 416-594-2979
Fax: 416-860-0628
eMail: ddgregoire@leggmason.com
Web: www.leggmasoncanada.com
Products/Services: Brandywine Global Investment Management – Large Cap Core Equity, Large Cap Value Equity; ClearBridge Investments – ESG Investment Program, 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
Philosophy/Style: Offers a range of strategies with the focus on socially aware investments; portfolios cover multiple styles and market capitalizations in international equity, global equity, U.S. equity, fixed income

LETKO BROSSEAU & ASSOCIATES INC.
Lisa Caswell, Director, Client Services; 145 King St. W., Ste. 2101, Toronto, ON M5H 1J8
PH: 647-426-1780
Fax: 647-426-1587
eMail: lisa.caswell@lba.ca
Web: www.lba.ca
Products/Services: Balanced Fund – pooled fund for non-taxable Canadian investors, Fixed Income 45%, Canadian and Foreign Equity 55%
Managed Since: 2010
Canadian Clients: 11
Philosophy/Style: Fundamental approach to economic and business analysis, careful attention to valuation with broad international research scope, focus on fundamental trends that create value over the long term, and portfolio holdings screened by third-party to measure corporate performance on ESG factors

LINCLUDEN INVESTMENT MANAGEMENT
Wayne Wilson, Vice-president; 1275 North Service Rd. W., Ste. 607, Oakville, ON L6M 3G4
PH: 905-825-9000
Fax: 905-825-9525
eMail: wayne.wilson@lincluden.net
Web: www.lincluden.com
Products/Services: Canadian Equities, U.S. Equities, MSCI EAFE, MSCI World
Managed Since: 2012
Canadian Clients: 1
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, giving an investor the opportunity to buy securities at a discount to their economic or intrinsic value

MFS MCLEAN BUDDEN
Christine Girvan, Managing Director, Sales, Canada; 77 King St. W., 35th Floor, Toronto, ON M5K 1B7
PH: 416-361-7273
Fax: 416-862-0167
eMail: cgirvan@mfsmb.com
Web: www.mcleanbudden.com or www.mfs.com
Products/Services: Pooled Funds – Balanced Fund, Fixed Income Fund, Canadian Equity Fund, Global Research Fund – also offers customized screening for separate portfolios
Managed Since: 2000
Canadian Clients: 12
Philosophy/ Style: Investment strategy that seeks to maximize long-term financial return through investments in companies that more consistently promote environmental stewardship, consumer protection, human rights, and diversity

MONTRUSCO BOLTON INVESTMENTS INC.
Richard Guay, Senior Vice-president; 1501 McGill College Ave., Ste. 1200, Montreal, QC H3A 3M8
PH: 514-282-5465
Fax: 514-282-2516
eMail: guayr@montruscobolton.com
Web: www.montruscobolton.com
Products/Services: Fundamentally-managed equity strategies – Canadian Equities: Small Cap, All Cap, Large Cap, Dividend; U.S., EAFE & Global Markets
Managed Since: 2005
Canadian Clients: 6
Philosophy/ Style: Fundamentally managed equity mandates invest in and hold for the long-term excellent, growth-oriented companies; portfolios are constructed with a bottom-up perspective and an emphasis on growth; sectors are a consideration from a risk perspective, but not a main driver in portfolio construction

PHILLIPS, HAGER & NORTH INVESTMENT MANAGEMENT*
John Skeans, Head of Consultant Relations (Canada); 20th Floor, 200 Burrard St., Vancouver, BC V6C 3N5
PH: 604-408-6238
Fax: 604-685-5712
eMail: data@phn.com
Web: www.phn.com
SRI Products/Services: Pooled Investment Services using Community Values Funds – Balanced Fund, Bond Fund, Canadian Equity Fund, Global Equity Fund, RBC Jantzi Balanced Fund, RBC Jantzi Canadian Equity Fund, RBC Jantzi Global Equity Fund; Segregated Investment Services
Managed Since: SRI accounts on a segregated basis – early 1990s, Community Values Funds – 2002, RBC Jantzi Funds – 2007
Canadian Clients: 2
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; the RBC Jantzi funds utilize Sustainalytics to implement ESG criteria in the funds’ investment process
*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
PH: 514-288-0253
Fax: 514-288-5473
eMail: mtl-inst@pictet.com
Web: www.pictet.com
SRI Products/Services: Core Strategies – Bonds, Equities, Balanced; Thematic Products – Water Fund, Clean Energy Fund, Timber Fund
Managed Since: 1998
Philosophy/Style: 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

RENEWAL FUNDS
Nicole Bradbury, Vice-president; 500-163 West Hastings St., Vancouver, BC V0N 2E0
PH: 604-424-9940
Fax: 604-844-7441
eMail: nicole@renewalfunds.com
Web: www.renewalfunds.com
Products/Services: Canadian Limited Partnership U.S. Limited Partnership, Canadian Trust for investors to invest in early-stage social and environmental mission-based businesses
Managed Since: 1994
Philosophy/Style: Invests in early-growth stage companies, in Canada and the U.S., creating portfolios designed to deliver above market financial returns at a lower risk profile than traditional venture capital funds while delivering strong social and environmental performance; building upon its experience investing in successful high-impact businesses since 1994, it focuses on underfunded sectors of organic and natural food, green products, and environmental innovation; sectors critical to a sustainable economy where it can support meaningful shifts in consumer behavior; supports passionate, experienced change-agent entrepreneurs, whose business it can help grow with its capital, networks, and expertise

SARONA ASSET MANAGEMENT INC.
Gerhard Pries, Managing Partner, 110 Frobisher Dr., Waterloo, ON N2V 2G7
PH: 519-883-7557
eMail: info@saronafund.com
Web: www.saronafund.com
Products/Services: Private Equity in Frontier and Emerging Markets, Small/Mid-market companies, structured as diversified fund-of-funds, for accredited investors only
Managed Since: 1953
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
PH: 416-367-2049
Fax: 416-367-1329
eMail: jay.waters@standardlife.ca
Web: www.sli.ca
Products/Services: Offers separate accounts according to screening criteria specified by the client.
Managed Since: 1999 (globally)

TD ASSET MANAGEMENT INC.*
Mark Cestnik, Head of Relationship Management; 161 Bay St., 34th Floor, Toronto, ON M5J 2T2
PH: 416-983-7088
eMail: mark.cestnik@tdam.com
Web: www.tdaminstitutional.com
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

UBS GLOBAL ASSET MANAGEMENT
David Coyle, Executive Director; 161 Bay St., Ste. 4000, Toronto, ON M5J 2S1
PH: 416-681-5200
Fax: 416-681-5100
eMail: david.coyle@ubs.com
Web: www.ubs.com
Products/Services: Global Sustainable Equity
Offered Since: 1997
Philosophy/Style: Global Sustainable Equity invests in attractively valued companies with strong fundamental valuation as well as a long-term sustainable business model; strategy is actively positioned to benefit from themes such as water and energy conservation and demographics

WELLINGTON MANAGEMENT COMPANY, LLP
Susan Pozer, Vice-president; Director, Canada, Global Relationship Group; 280 Congress St., Boston, MA 02210
PH: 617-790-7441
Fax: 617-263-4100
eMail: smpozer@wellington.com or mig@wellington.com
Web: www.wellington.com
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; firm is also a signatory to the UN PRI.
Managed Since: 1994
Philosophy/Style: Assists clients in the development of investment ‘screens’ or complete investment styles that seek to achieve specified investment goals while complying with the restrictions

Services

GROUPE INVESTISSEMENT RESPONSIBLE INC.
Olivier Gamache, CEO; 255 St. Jacques St. 3rd Floor, Montreal, QC H2Y 1M6
PH: 514-448-5400
Fax: 514-448-5558
eMail: info@gir-canada.com
Web: www.gir-canada.com
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 or ESC Filters, Developing a Voting-right Exercise or SRI Policy, Financial Product Development
Managed Since: 2001
Canadian Clients: 10
Philosophy/Style: Guides clients through the environmental, social, and corporate-governance issues that affect public companies

INVESTING FOR THE SOUL
Ron Robins, Founder & Analyst; 7625 Ronnie Cres., Niagara Falls, ON L2G 7M1
PH: 289-271-0873
eMail: ronr@investingforthesoul.com
Web: http://investingforthesoul.com
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 (environmental, social, and governance values), are properly reflected in the holdings; provides specific assessments and information pertaining to each company in the portfolio
Managed Since: 2002
Philosophy/Style: Company research and portfolio audits provided on the basis of environmental, social, governance, and ethical values selected by the client

MERCER
Jane Ambachtsheer, Partner; 161 Bay St., Toronto, ON M5J 2S5
PH: 416-868-2659
Fax: 416-868-2131
eMail: jane.ambachtsheer@mercer.com
Web: www.mercer.com/ri
Products/Services: Educating Investors, PRI Implementation and Reporting, Integrating RI / ESG Considerations into Investment Policy and Manager Selection, Assessing ESG-related Capabilities of current or prospective managers, Assessing ESG Risks and Opportunities at the portfolio level, Climate Change Scenarios and Strategic Asset Allocation, Developing and Monitoring an approach to active ownership, Selecting Sustainability-themed Manager
Managed Since: 2004
Canadian Clients: 33
SRI Philosophy/ Style: Drawing on Global RI expertise, the firm focuses on each client’s unique circumstances and objectives in providing advice and the tools needed to identify and integrate environmental, social, and governance factors throughout the investment process

SUSTAINALYTICS
Sarah Smith, Senior Responsible Investment Advisor; 124 School St., Ste. 803, Boston, MA 02108
eMail: sarah.smith@sustainalytics.com
Web: www.sustainalytics.com
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: 9
Philosophy/Style: Global provider of ESG research and analysis for investors and financial institutions; offers a global perspective, underpinned by local expertise in the responsible investment market; provides clients with solutions and are responsive to their needs  

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