Investors Can’t Ignore ESG

Bronze-rated Leith Wheeler Carbon Canadian Equity has a strategy of excluding fossil fuels.

Diana Cawfield 8 July, 2021 | 1:36AM
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Magnifying Glass in Forest

With a long-standing philosophy of environmental, social, and governance (ESG) factors, the four-star, Bronze-rated Leith Wheeler Carbon Canadian Equity mandate offers investors zero exposure to the energy sector. By comparison, the S&P/TSX 60 Fossil Fuel Free Index has almost a 10% weighting in energy.

“Some of our clients,” says Richard Liley, a member of the investment team, “wanted a negative screen in funding the fossil-fuel industry. As a result, we decided to screen and exclude companies that derive more than 30% of their revenues from fossil fuel-related activities.” Liley is a senior analyst and portfolio manager at the independent Vancouver-based Leith Wheeler Investment Counsel Ltd., which is 100% employee owned.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cineplex Inc14.35 CAD0.00
Leith Wheeler Carbon Con Cnd Eq F14.35 CAD0.59Rating
Sleep Country Canada Holdings Inc26.50 USD0.00
Spin Master Corp42.57 CAD0.00Rating
Toromont Industries Ltd109.99 CAD0.00

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

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