Investors want public disclosures of environmental footprints

With environmental responsibility once again on the national agenda, advisors are increasingly asking advisors to undertake the necessary due diligence before funnelling money into Canadian securities

Investors want public disclosures of environmental footprints
“Investors increasingly want to know how their investment dollars are affecting the environment. Disclosing the Fund’s environmental footprint helps responsible investors understand the impact of their investment decisions on the planet,” said Deb Abbey, CEO of the Responsible Investment Association (RIA). “There is much work to be done to ensure that we are managing climate risk. What gets measured gets managed. Environmental disclosure is a key part of the solution for investors.”

AGF Investments Inc. recently announced that the AGF Global Sustainable Growth Equity Fund is the first mutual fund in Canada to publicly disclose the fund’s environmental footprint.

The RIA is a network of asset management firms, institutional investors, advisors, consultants, research firms and others who practice and support responsible investment in Canada.

The fund’s disclosure covers a range of environmental factors, including carbon emissions, greenhouse gases, water usage, waste, land & water pollutants, airs pollutants and natural resource usage. The environmental footprint uses both reported and estimated data on direct and indirect supply chain impact from each holding’s operations.

“Given the solutions-based focus of our mandate, we are keenly interested in tools that help us understand and improve the portfolio’s environmental footprint,” said Martin Grosskopf, AGF’s vice-president and portfolio manager. “We expect the portfolio holdings to be focused on solutions with inherent environmental advantages, while also being open to improving their footprint.”