RPIA SUSTAINABILITY REPORT 2022
OVERVIEW FIRM
33
INVESTMENT MANAGEMENT
An Innovative Approach in Canadian Fixed Income We worked alongside FTSE Russell on this innovative, transparent, rules-based approach to screening issuer-level fossil fuel exposure. The FTSE Canada All Corporate Ex Fossil Fuels Enhanced Bond Index adds three screens to the “traditional” index: • A baseline exclusion to remove “controversial conduct and product” issuers involved in controversial weapons and tobacco. • Removal of four industry sub-sectors using the FTSE Canada schema: Energy Distribution, Energy Exploration, Energy Integrated, and Energy Pipeline. • Screen issuers that belong to the TRBC sectors with fossil fuel-related exposure and those that Sustainalytics identifies as having direct involvement or significant ownership in the following revenue categories: oil & gas, oil sands, Arctic oil & gas exploration, shale energy, and thermal coal. As the market environment continues to evolve in response to economic and social changes, investors need solutions that can cater to their unique long-term investment goals and address the challenges they seek to overcome. We believe that partnering with our investors and other industry stakeholders can help bridge that gap between what is available and what is needed for investors to achieve their goals.
Performance as of December 31, 2022 Strategy AUM: $169 Million 1 Mo 3 Mo
6 Mo 3.34 1.06 +2.28
YTD 3.34 1.06
RP BCB FFE
-0.69 -0.78 +0.09
2.20 0.97
Index
Added Value
+1.23
+2.28
RP BCB FFE = RP Broad Corporate Bond (Fossil Fuel Exclusion) Index = FTSE Canada All Corporate Ex Fossil Fuel Enhanced Bond Index
Weighted Average Carbon Intensity (WACI) Relative to the Index
WACI
% Reduction vs. Index
- 10 20 30 40 50
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Strategy
Index
Reduction (RS)
As at December 31, 2022
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