Builds on leadership in sustainable investing space
TORONTO, Sept. 23, 2015 /CNW/ - AGF Investments Inc. (AGF) today announced that AGF Global Sustainable Growth Equity is the first strategy in Canada to publicly disclose* the Strategy's environmental footprint.
"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, a network of asset management firms, institutional investors, advisors, consultants, research firms and others who practice and support responsible investment in Canada.
"There is much work to be done to ensure that we are managing climate risk. What gets measured, gets managed," said Abbey. "Environmental disclosure is a key part of the solution for investors, so we are pleased to confirm that AGF Global Sustainable Growth Equity is the first mutual fund in Canada to publicly disclose its environmental footprint and we congratulate the managers for doing so."
The Strategy'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, 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."
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With over $33 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
*AGF Global Sustainable Growth Equity's environmental footprint is publicly disclosed on a quarterly basis on AGF.com/SustainableInvesting.
For further information: Media Contact: Pamela Marchant, Vice-President, Marketing & Communications, 416-815-6205, firstname.lastname@example.org