stats
globeinteractive.com: Making the Business of Life Easier

   Finance globeinvestor   Careers globecareers.workopolis Subscribe to The Globe
The Globe and Mail /globeandmail.com
Home | Business | National | Int'l | Sports | Columnists | The Arts | Tech | Travel | TV | Wheels
space


Search

space
  This site         Tips

  
space
  The Web Google
space
   space



space

  Where to Find It


Breaking News
  Home Page

  Report on Business

  Sports

  Technology

space
Subscribe to The Globe

Shop at our Globe Store


Print Edition
  Front Page

  Report on Business

  National

  International

  Sports

  Arts & Entertainment

  Editorials

  Columnists

   Headline Index

 Other Sections
  Appointments

  Births & Deaths

  Books

  Classifieds

  Comment

  Education

  Environment

  Facts & Arguments

  Focus

  Health

  Obituaries

  Real Estate

  Review

  Science

  Style

  Technology

  Travel

  Wheels

 Leisure
  Cartoon

  Crosswords

  Food & Dining

  Golf

  Horoscopes

  Movies

  Online Personals

  TV Listings/News

 Specials & Series
  All Reports...

space

Services
   Where to Find It
 A quick guide to what's available on the site

 Newspaper
  Advertise

  Corrections

  Customer Service

  Help & Contact Us

  Reprints

  Subscriptions

 Web Site
  Advertise

  E-Mail Newsletters

  Free Headlines

  Globe Store New

  Help & Contact Us

  Make Us Home

  Mobile New

  Press Room

  Privacy Policy

  Terms & Conditions


GiveLife.ca

    

PRINT EDITION
Eight stocks for investors with a responsible mindset
space
Four portfolio managers weigh in with options for shareholders who want environmental, social and governance performance
space
By BRENDA BOUW
Special to The Globe and Mail
  
  

Email this article Print this article
Wednesday, July 10, 2019 – Page B6

Responsible investing (RI) is going mainstream as more investors come to understand the risks companies face by not improving their environmental, social and governance (ESG) performance.

A 2018 RBC Global Asset Management Inc.

survey shows that 84 per cent of institutional investors incorporate ESG factors into their screening process. And a recent Mackenzie Investments survey shows that about one-third of Canadians are keen on increasing their exposure to responsible investments - regardless of whether they currently hold them.

To help investors wade through the growing number of RI-focused investments, we asked four portfolio managers in this space to for some of their top stock picks.

ANNE PERREAULT, SECTORAL PORTFOLIO MANAGER, CANADIAN EQUITIES, AT DESJARDINS GLOBAL ASSET MANAGEMENT INC.

IN MONTREAL Her fund: Desjardins SocieTerra Canadian Equity Fund The pick: Boralex Inc. (BLX-T) 52-week range: $15.96 to $21 a share Kingsey Falls, Que.-based Boralex develops, builds and operates renewable energy power facilities in North America, Britain and Europe.

Most of its operations are in Canada and France, with a focus on wind and hydroelectric power.

Ms. Perreault likes the company's growth prospects given that countries such as France have committed to increasing renewable energy capacity. What's more, four of the company's 11 board members are women, which is above its target of 30 per cent female board members.

The pick: Maple Leaf Foods Inc. (MFI-T) 52-week range: $26.05 to $35.60 a share Mississauga-based Maple Leaf Foods is a major Canadian consumer packaged-meats company, which is expanding into the meat alternatives arena. "We like its exposure to the growing alternative protein space," Ms. Perreault says.

"This category is growing rapidly ... and it's also good for the planet" as plant-based products produce fewer greenhouse gas emissions than raising beef. She also likes Maple Leaf's stated ambition "to be the most sustainable protein company on Earth."

ANNIE LALIBERTÉ, SENIOR PORTFOLIO MANAGER, INTERNATIONAL EQUITIES, AT ADDENDA CAPITAL INC. IN MONTREAL Her funds: Addenda International Equity Pooled Fund, NEI International Equity RS Fund and Desjardins SocieTerra International Equity Fund The pick: Bunzl PLC (BNZL-LON), which trades on the London Stock Exchange and has an American depository receipt (BZLFY-OTC) traded in the United States.

52-week range: US$25.95 to US$33.85 an ADR London-based Bunzl provides non-consumable products for the food-service industry, such as disposable tableware, cleaning and safety supplies. The company also helps its customers find more sustainable solutions. A recent example is a move away from plastic straws, which are being banned in a growing number of jurisdictions. Bunzl provides paper straw alternatives. "Bunzl was able to adapt quickly" to the changing times, Ms. Laliberté says.

The pick: LVMH Moët Hennessy - Louis Vuitton SE (MC-EPA), which trades on the Euronext exchange in France and an ADR (LVMUY-OTC) in the United States.

52-week range: US$54.36 to US$85.98 an ADR LVMH is a Paris-based multinational luxurygoods company behind brands such as Louis Vuitton and beauty products provider Sephora.

The company recently made headlines when it announced that singer Rihanna would become the first woman to create an original LVMH brand, Fenty (after her full name, Robyn Rihanna Fenty), and the first woman of colour to have her own brand at the company. Ms. Laliberté says LVMH has a commitment to diversity. For example, she says the percentage of women in top management roles at LVMH has risen to 42 per cent in 2018 from 23 per cent in 2007 - and its goal is to reach 50 per cent by 2020. "They're not just talking about it, they're making concrete moves to reach their goals," she says.

ANDREW SIMPSON, DIRECTOR, INVESTMENT MANAGEMENT, AT VANCITY INVESTMENT MANAGEMENT LTD. IN VANCOUVER His funds: The IA Clarington Inhance SRI Funds suite of funds The pick: Unilever PLC (UL-N) 52-week range: US$50.80 to US$64.10 a share Unilever is a London- and Rotterdam-based consumer goods company with more than 400 brands in areas such as food, detergents and personal care, which are used in seven out of every 10 households worldwide. Mr. Simpson says Unilever has adopted the United Nations' Sustainable Development Goals, a blueprint for sustainability, in its corporate overview. "From an ESG analysis perspective, there's a lot of good stuff going on in the company," Mr. Simpson says. For example, he says Unilever has committed to using 100 per cent renewable energy in its operations by 2030.

The pick: Teladoc Health Inc. (TDOC-N) 52-week range: US$42.08 to US$89.05 a share Dallas-based Teladoc is a virtual health-care technology company that connects doctors with patients over the phone or on the internet to treat a wide range of non-serious illnesses. He says the need for the service is growing as health-care costs rise, particularly in its main U.S. market. "This is one of those companies where we expect to see a hockey-stick-style growth in revenue," he says, citing catalysts such as new relationships with large U.S. health organizations such as CVS Health Corp. and UnitedHealth Group Inc. Mr. Simpson sees Teladoc Health growing in other areas such as mental-health services. He says the stock addresses the societal need for better access to health-care services while also giving investors an opportunity to profit from new health-care technology.

MARTIN GROSSKOPF, VICE-PRESIDENT AND PORTFOLIO MANAGER AT AGF INVESTMENTS INC. IN TORONTO His fund: AGF Sustainable Growth Equity Fund The pick: Ecolab Inc. (ECL-N) 52-week range: US$135.77 to US$200.93 a share St. Paul, Minn.-based Ecolab is another longterm holding in the AGF fund. The company is known for providing commercial cleaning solutions for public washrooms, but its services extend to water, hygiene and energy technology offerings for the food, energy, health-care and hospitality industries. For example, the company provides chemicals that beef and poultry processors use to reduce pathogens, such as E.

coli and salmonella. Mr. Grosskopf expects Ecolab to generate earnings growth of 12 per cent to 15 per cent in the next few years. The company provides a way to invest in the increasing demand for clean water, the growing risk of food infections and the need for sanitation products in emerging countries.

The pick: Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI-N) 52-week range: US$18.83 to US$28.53 a share Hannon Armstrong Sustainable Infrastructure Capital, based in Annapolis, Md., is a real estate investment trust (REIT) that provides financing for energy efficiency and renewable projects in North America. Mr. Grosskopf's fund has held the REIT since it went public in 2013.

"It's probably the only financial company that we've found that is 100-per-cent exposed to the theme of reducing carbon and moving toward renewable [energy]," he says, adding that it's also "a defensive name" given its 5-per-cent yield.

Mr. Grosskopf says the REIT also has performed well regardless of the interest-rate environment.

Associated Graphic

Unilever has adopted the United Nations' Sustainable Development Goals and has committed to using 100 per cent renewable energy in its operations by 2030.

RICHARD DREW/ASSOCIATED PRESS


Huh? How did I get here?
Return to Main William_Johnson Page
Subscribe to
The Globe and Mail
 

Email this article Print this article

space  Advertisement
space

Need CPR for your RSP? Check your portfolio’s pulse and lower yours by improving the overall health of your investments. Click here.

Advertisement

7-Day Site Search
    

Breaking News



Today's Weather


Inside

Rick Salutin
Merrily marching
off to war
Roy MacGregor
Duct tape might hold
when panic strikes


Editorial
Where Manley is going with his first budget




space

Columnists



For a columnist's most recent stories, click on their name below.

 National


Roy MacGregor arrow
This Country
space
Jeffrey Simpson arrow
The Nation
space
Margaret Wente arrow
Counterpoint
space
Hugh Winsor  arrow
The Power Game
space
 Business


Rob Carrick arrow
Personal Finance
space
Drew Fagan arrow
The Big Picture
space
Mathew Ingram arrow
space
Brent Jang arrow
Business West
space
Brian Milner arrow
Taking Stock
space
Eric Reguly arrow
To The Point
space
Andrew Willis arrow
Streetwise
space
 Sports


Stephen Brunt arrow
The Game
space
Eric Duhatschek arrow
space
Allan Maki arrow
space
William Houston arrow
Truth & Rumours
space
Lorne Rubenstein arrow
Golf
space
 The Arts


John Doyle arrow
Television
space
John MacLachlan Gray arrow
Gray's Anatomy
space
David Macfarlane arrow
Cheap Seats
space
Johanna Schneller arrow
Moviegoer
space
 Comment


Murray Campbell arrow
Ontario Politics
space
Lysiane Gagnon arrow
Inside Quebec
space
Marcus Gee arrow
The World
space
William Johnson arrow
Pit Bill
space
Paul Knox arrow
Worldbeat
space
Heather Mallick arrow
As If
space
Leah McLaren arrow
Generation Why
space
Rex Murphy arrow
Japes of Wrath
space
Rick Salutin arrow
On The Other Hand
space
Paul Sullivan arrow
The West
space
William Thorsell arrow
space





Home | Business | National | Int'l | Sports | Columnists | The Arts | Tech | Travel | TV | Wheels
space

© 2003 Bell Globemedia Interactive Inc. All Rights Reserved.
Help & Contact Us | Back to the top of this page