Responsible Investment - Driving the Energy Transition | Feb 2021
Submitted by Victoria on February 1, 2021 - 6:26pm
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PDF version Your portfolio: Driving the energy transition Our growing energy needs are the main contributors to climate change. Energy comes mainly from fossil sources that generate nearly 60% of the world's greenhouse gas (GHG) emissions.¹
In addition to the environmental impacts they create, climate change disrupts markets, our economies and the companies in which we invest.
To combat climate change, companies and businesses must turn to greater electrification of activities — such as transportation — and decarbonization of electricity production (coal still represents about 40% of global electricity production today).¹ |
Desjardins takes home a whopping 16 FundGrade A+® Awards for 2020! Get to know our award-winning responsible investment funds.²
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Given the importance of the energy transition, our Desjardins SocieTerra Funds and our SocieTerra Portfolios exclude the traditional energy sector. We don't invest in oil, and we don't invest in pipelines. Instead, our portfolio managers look for companies whose products or services offer solutions to energy sector issues by: - Generating energy from renewable sources
- Focusing on energy efficiency and better use of existing resources
- Developing sustainable passenger and freight mobility
A well-energized portfolio
Desjardins SocieTerra responsible investment (RI) funds are made up of multiple companies³ whose products and services are related to energy issues. We've included a few examples below and in our Annual RI Report. |
| | Geothermal energy is renewable and does not pollute; this technology plays an important role in supplying alternate energy to reduce GHGs. The company has built over 150 plants and installed over 2,100 megawatts of geothermal energy over the years. |
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| | The company is also involved in the development of technologies for producing clean energy from wind and solar power. |
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| Developing sustainable mobility
Company: Tesla Inc.
Desjardins SocieTerra Positive Change Fund | Tesla makes electric vehicles, solar panels and batteries. Tesla's electric vehicles are helping transform the transportation system by reducing dependence on fossil fuels and improving air quality. |
| To date, Tesla estimates that the sale of its electric vehicles has contributed to saving over 3.6 million tonnes of CO2. |
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