MONTREAL, Nov. 10, 2022 /CNW Telbec/ – Addenda Capital, a privately-owned funding administration agency, is proud to announce the launch of the Addenda Eco-Social Industrial Mortgages Pooled Fund, which seeks to assist the development of the United Nations Sustainable Improvement Targets (UN SDGs) whereas producing compelling monetary returns.
One of many first of its variety in Canada, the Eco-Social Fund is the most recent realization of Addenda’s sustainable investing method. The fund invests in first-rank business mortgages in Canada that endeavor to be per social and environmental objectives set by Addenda’s Sustainable Investing staff. Along with serving to meet the wants of institutional buyers and excessive web price shoppers, the Fund goals to assist SDGs adopted by the 193 United Nations member states as a blueprint for sustainable growth by 2030.
“The environmental and social challenges of the current and the longer term are immense. Aligning our shoppers’ belongings with United Nations SDGs can advance sustainable growth options, whereas additionally searching for to offer compelling monetary returns,” stated Roger Beauchemin, President and CEO of Addenda Capital. “Since our groups transcend monetary evaluation in the course of the funding course of, the capital entrusted by our buyers goals to fulfill their monetary wants in addition to create optimistic advantages for society.”
Adopted in 2015, the United Nations SDGs embrace decreasing inequalities, offering entry to fundamental infrastructure, utilizing clear vitality, managing pure sources, selling well being and gender equality, and offering high quality training.
Addenda manages roughly $5 billion {dollars} in business mortgages for its institutional and personal wealth shoppers. Our staff consists of 14 professionals with deep market information. The brand new Eco-Social Fund, whose high quality mortgages are secured by actual property in Canada, seeks to spend money on the 5 essential themes listed under. The themes are damaged down into particular areas of focus (examples in brackets):
- Inexpensive housing (co-operative housing)
- Inexperienced buildings (vitality effectivity upgrades)
- Underrepresented teams (seen minorities, girls, folks with disabilities, LGBTQ2S+ neighborhood members, Indigenous Folks)
- Cultural, non-profit and neighborhood services (heritage buildings, arts services and museums)
- Well being and training (hospitals and academic establishments)
Addenda Capital has unveiled a number of sustainable funding options to fulfill the wants of buyers whereas serving to form a greater world. The agency’s Local weather Transition Funds assist Canadian and worldwide corporations which might be taking essential steps to scale back their greenhouse gasoline (GHG) emissions to attain a web zero society by 2050. In 2018, it launched the Addenda Influence Mounted Earnings Pooled Fund, one of many first of its variety in Canada, which seeks to generate optimistic and measurable social and environmental impacts whereas offering compelling returns. The corporate has additionally created a Fossil Gasoline Free Fund, which excludes issuers that derive greater than 10% of their revenues from fossil gas actions.
With greater than $33 billion in belongings beneath administration, Addenda Capital is acknowledged as a pacesetter in sustainable investing. From local weather transition to influence investing to conventional methods, our multi-asset options search to offer enhanced returns for a clientele that’s each institutional and personal. At one level, we considerably enriched our funding course of by integrating evaluation of environmental, social and governance (ESG) points. Right this moment, we’re enjoying an lively position within the shift towards a net-zero financial system whereas staying true to our dedication: serving our shoppers and producing sustainable wealth for a greater future. Go to us at addendacapital.com, be a part of us on LinkedIn or comply with us on Twitter @Addendacapital.
Headquartered in Montréal (Québec), Canada, Addenda additionally has workplaces in Toronto, Guelph and Regina. Co-owned by The Co-operators Group and staff, the agency is a signatory of the Web Zero Asset Managers initiative, the United Nations’ Ideas for Accountable Funding (UN PRI) and the Montréal Carbon Pledge, and an Investor Member of the Inexperienced Bond Ideas.
SOURCE Addenda Capital Inc.
For additional info: Josée Yelle, Vice-President, Advertising and marketing and Communications, [email protected]
