Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability

Environmental Achievements

• 41% of Mackenzie Global Environmental All Cap Equity's weighting is aligned to limiting global warming to below 2°C above pre-industrial levels.
• 41% of the Mackenzie Global Environmental All Cap Equity has corporate targets aligned with the Science Based Targets initiative (SBTi).

Social Achievements

• 54% of the Mackenzie Global Environmental All Cap Equity’s weighting is made up of companies with more than 30% women on their boards of directors.

Governance Achievements

• This strategy has no exposure to companies with high or severe ESG controversies.

Climate Goals & Targets

Environmental Challenges

• Footprint screening can have unintended consequences, particularly when applied at the portfolio level. Comparing different sectors might shift capital away from environmental solutions.

Mitigation Strategies

• Mackenzie uses footprint data thoughtfully and considers the “footprint” of different portfolios in the right context.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, Paris Agreement, Science Based Targets initiative (SBTi)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity
• Governance

Environmental Achievements

• Greenchip boutique reached $2.5 billion in assets under management in 2022.
• Fixed Income team increased its allocations to green-labelled debt to $1,994 billion assets under management.
• 24% of total assets under management ($49 billion) committed to be managed in line with net zero by 2030.

Social Achievements

• Launched Mackenzie’s Sustainability Uncovered to bring education and awareness of emerging risks and opportunities to investment teams.
• Partnered with the Humane Society International to bring awareness to plant-based food industry investment opportunities.
• IGM Financial, Mackenzie's parent company, was named a Top 100 Employer in Canada and Mackenzie was ranked among Greater Toronto’s Top Employers.
• Partnered with the Ivey Business School to deliver the Women in Asset Management program.

Governance Achievements

• Published inaugural Sustainable Investing Report along with sustainable investment fund reports.
• Enhanced regulatory disclosures for all investment funds considering ESG factors.
• Implemented Glass Lewis ESG proxy voting guidelines.
• Launched an internal stewardship team that completed 50+ climate-focused engagements.

Climate Goals & Targets

Environmental Challenges

• Greenwashing concerns.
• Disclosure and quality data collection challenges, particularly in emerging markets.

Mitigation Strategies

• Applying further scrutiny to marketing materials to accurately reflect efforts.
• Increased transparency with clients through simple disclosures backed by practices.
• Partnering with third-party data vendors to improve data quality.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Government regulation
• Declining fossil fuel demand
• Asset stranding

Opportunities

• Energy transition
• Renewable energy
• Electric vehicles
• Electrification

Reporting Standards

Frameworks Used: UN PRI

Awards & Recognition

• IGM Financial named one of the world’s most sustainable organizations in Corporate Knights’ 2022 Global 100 Most Sustainable Corporations ranking.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity and Inclusion
• Governance
• Sustainable Investing

Environmental Achievements

• Mackenzie Greenchip Global Environmental All Cap Fund became Canada's largest environmental thematic fund, exceeding $3 billion in AUM.
• Over $2 billion in AUM allocated to green-labelled debt by the Fixed Income team.
• Planted 650 trees in partnership with Tree Canada.
• Launched Canada’s Next Sustainable Changemaker, awarding $25,000 to a winning startup.

Social Achievements

• Mackenzie Investments named one of Glassdoor’s 25 Best Places to Work in Canada.
• IGM Financial (parent company) recognized as one of Canada’s Top 100 Employers and Best Diversity Employers.
• Mackenzie Together Charitable Foundation donated over $670,000 to grassroots charities and employees volunteered nearly 1,000 hours.
• Employees donated over 2,500 pounds of food (150% increase from 2022).

Governance Achievements

• Launched a new tracking technology to monitor engagements with top 100 investee companies.
• Introduced sustainability indicators on the website’s fund details pages.
• Engaged with 172 companies on 862 topics.
• Selected as lead sponsor for the UN PRI in Person 2024 investment conference.

Climate Goals & Targets

Environmental Challenges

• Rising interest rates, inflation, geopolitical conflicts, and market uncertainty.
• Backlash against ESG and increased regulatory scrutiny around greenwashing.
• Cyber-attack affecting a vendor of a supplier, leading to a potential data privacy breach.

Mitigation Strategies

• Deepened and solidified relationships with clients.
• Communicated with impacted clients and offered complimentary credit monitoring.
• Strengthened cyber-security protocols.
• Continued commitment to sustainability despite challenges.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Investing in companies participating in the energy transition
• Development of innovative products and services addressing climate change

Reporting Standards

Frameworks Used: UN PRI

Awards & Recognition

• Mackenzie Greenchip Global Environmental All Cap Fund designated #1 thematic sustainable investment fund by the Investment Funds Institute of Canada.