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 Inc13.67 CAD0.00
Leith Wheeler Carbon Con Cnd Eq F14.55 CAD-0.10Rating
Sleep Country Canada Holdings Inc29.60 USD0.00
Spin Master Corp41.61 CAD0.00Rating
Toromont Industries Ltd109.84 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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