Championing sustainable investing

Through our asset management company, Addenda Capital, and our own portfolio, we are building a strong business case and a clear framework that demonstrates sustainable investing can drive financial strength and stability.

Impact investing at a glance

The Co-operators has taken a leadership role in the proportion of assets invested for positive environmental and social impact, surpassing our 2022 target to invest 20% of invested assets into impact investments in 2020. Through impact investing, we are helping to secure the long-term financial strength and stability of our co-operative, as these investments de-risk our economy and communities by building cleaner energy systems, more energy efficient and resilient infrastructure, stronger housing, better food security, mental health supports, and more.

20.8%

of our invested assets are impact investments.

=
$2.45 billion
Total investment

Climate change

(75.1%)

Resilient communities; renewable energy; green buildings; and low-carbon transportation

Impact: 235 million MWh of renewable energy generated = 9 million homes powered for one year.

Community development

(20.7%)

Housing co-operatives; credit unions; and producer co-operatives

Impact: Invested in credit unions that paid $417.5 million in patronage and dividends to members.

Health and wellness

(2.1%)

Youth; aging populations; mental health; and affordable housing

Impact: Invested in housing projects that provided 513 units to seniors with various levels of care needs.

Education

(1.6%)

Post-secondary institutions; research and innovation

Impact: Invested in post-secondary institutions that conferred 77,267 degrees.

Food, agriculture and natural resources

(0.5%)

Sustainable food, land, water and resource management; food security and nutrition; and sustainable farming, fishing and forestry

Impact: Invested in a company that planted or preserved 9.4 million moringa trees.

Note: These impacts do not result solely from our investments, but depict the total impact achieved by the projects and initiatives in which we invest. Because of reporting periods, all values are for fiscal 2019.

 

Spotlight on Impact Investments from 2020

The City of Toronto became the first Canadian government issuer of a social bond during the second quarter of 2020. The bond will help finance 1,000 new permanent shelter beds and a development that will include a long-term care home, a transitional living facility, an emergency shelter and affordable housing.

City of Toronto

Theme: Community Development
Focus Area: Affordable Housing
UN Sustainable Development Goal Alignment: Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable

Target: 11.1 By 2030, ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums

Amount invested:

$19.1 million

Mobilizing the Canadian impact investing market

Addenda launched Canada’s first Impact Fixed Income Pooled Fund in 2017 to catalyze impact investing across the country. In 2020, this fund surpassed $137 million in assets and continues to grow. Through this fund, we encourage investment into projects and initiatives that support climate change solutions, health and wellness, education and community development.