Addenda Capital
Addenda Capital is a privately-owned investment management firm with more than $35 billion in assets under management. Recognized as a leader in sustainable investing, Addenda favours a sustainable approach to wealth creation. Addenda integrates ESG (Environmental, Social and Governance) factors into all its investment and stewardship activities to enhance its clients long-term performance and to promote sustainable development for society.
Headquartered in Montréal (Québec), Canada, Addenda also has offices in Toronto, Guelph and Regina. It is co-owned by Co-operators Financial Services, a subsidiary of Canadian insurance co-operative The Co-operators Group Limited, and by Employees. Addenda is a Sustaining Member of the Responsible Investment Association (RIA), an Investor Member of the Green Bond Principles and a signatory of both the United Nations’ Principles for Responsible Investment (UN PRI) and the Montréal Carbon Pledge.
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Experts argue, though, there’s more to ESG investing than just staying away from fossil fuel or tobacco companies. Moreover, most companies nowadays claim to be committed to global ESG issues, including workforce diversity, gender and racial equality, clean energy and community support, among others.
As the pandemic underscores the interconnectedness of sustainability and financial costs, investors want to know if the companies they are holding in their portfolios genuinely care about ESG.
“Investors are becoming increasingly aware of ‘greenwashing’ as some investment companies seek to capitalise on the global boom in ESG investing,” says Nigel Green, chief executive and founder of deVere Group, a financial advisory firm.
Annual Financial Report Announcement British Smaller Companies VCT2 plc (the Company ) today announces its audited results for the year ended 31 December 2020. HIGHLIGHTS · As announced on 28 January 2021, in the year Total Return increased by 3.3 pence to 125.0 pence per ordinary share, an increase of 6.0 per cent over the opening net asset value. · Two new investments and four follow-on investments totalling £4.0 million were completed during the year. A further two new investments totalling £2.0 million have been completed since the year end. · Realisations of investments and loan repayments generated total proceeds of £6.1 million in the year, a gain of £1.7 million over the opening carrying value and £4.0 million over cost.
Economic behaviour is, for better or worse, a numbers game. The quantification of human relationships is one way for mankind to convince itself that its arbitrary values have external, objective significance. It’s the kind of thing a social Darwinist can point to, to try to justify exploitation and egotism. It’s what a game theorist can use to mathematically derive the Golden Mean. It’s what drives an immensely complex network of interlocking, interacting numerical systems like the global economy.
So it’s interesting to see what one of that system’s presiding geniuses is putting into its own numbers game. Goldman Sachs has just released an update on its sustainable finance commitments, including new initiatives in the sustainability area. Chairman and Chief Executive Officer David Solomon points out that Goldman has already committed, as of just over a year ago, US$750 billion by 2030 in financing, investing, and advisory activity to nine areas focused on climate change an