Addressing Climate Change
Addenda Impact Fixed Income Pooled Fund
Much of Canada’s energy, education, and healthcare infrastructure requires replacement, modernization, or additional capacity. It must also transition towards greater use of clean power and technologies. By financing new social and environmental debt instruments and helping to facilitate the functioning of these markets, Addenda is contributing to a wide range of positive outcomes.
This investment, like many, is contributing to more than one investment theme. This spotlight looks at how it contributes to just one of those themes, Addressing Climate Change.
Asset Class: Public Fixed Income
System Role: Adopts positive social and environmental practices while addressing climate change, health, wellness, education and community development.
Results Chain: Results chains build from the impact thesis we develop for a holding. We link company holding-reported metrics to the impact thesis. Metrics and key performance indicators contribute to outcomes, which contribute to the a theme’s ultimate impact. See our methodology report for more information.
Primary SDG:
SDG Target: 7.2 – By 2030, increase substantially the share of renewable energy in the global energy mix.
Secondary SDGs:
| Metric | Outcome | Impact |
|---|---|---|
| Reduction of tonnes of CO2e | Reduced emissions with green energy infrastructure transformation | The economy is resilient and low carbon, thereby addressing climate change |
Metric Result, 2023 As reported by the holding
Impact performance data is not yet available for 2023, but the product preserved its thematic alignment in 2023. Addenda’s proxy voting disclosures continue to be its key driver of post-investment engagement.
Tonnes of CO2e reduced
Renewable Energy (2022)
Clean Transportation (2022)
Advancing Social Equity
CBIV Women’s and Children’s Health Technology Fund
In many societies, women and children have poor health outcomes due to low investment in health innovations, compounded by socioeconomic and biased determinants of receiving care and education. By investing in tech companies focused on maternal, reproductive and newborn health, this fund is improving the health outcomes of women, children and adolescents in low- and middle-income countries.
This investment, like many, is contributing to more than one investment theme. This spotlight looks at how it contributes to just one of those themes, Advancing Social Equity.
Asset Class: Venture Capital
System Role: Equalizes health and medical technologies that are affordable, high-quality, and accessible for different population groups.
Results Chain: Results chains build from an impact thesis. We link company-reported metrics to the impact thesis. Metrics contribute to outcomes, which contribute to the theme’s ultimate impact.
Primary SDG:
SDG Target 5.1: End all forms of discrimination against all women and girls everywhere.
Secondary SDGs:
| Metric | Outcome | Impact |
|---|---|---|
| Number of women, children or adolescents who have their lives improved by the innovation in low- and middle-income countries | Reduced health disparities | Due to greater social equity, people are able to fully contribute to and benefit from economic and social progress |
Metric Result, 2023 As reported by the holding
The fund is still deploying capital. Once the portfolio construction is completed, year-over-year performance comparisons will be relevant. The portfolio composition is aligned with the impact thesis and early impact results are strong.
Number of women, children or adolescents in low- and middle-income countries who
Access the innovation
Have their lives improved
Preserving and Restoring Natural Capital
American Water
Population growth and greater demand for water supplies has led to increased strains on water supplies. By continually investing in its distribution infrastructure, American Water is contributing to safe, affordable, efficient, reliable and resilient drinking water and wastewater services.
This investment, like many, is contributing to more than one investment theme. This spotlight looks at how it contributes to just one of those themes, Preserving and Restoring Natural Capital.
Asset Class: Public Equities
System Role: Scales the reach of critical water infrastructure.
Results Chain: Results chains build from an impact thesis. We link company-reported metrics to the impact thesis. Metrics contribute to outcomes, which contribute to the theme’s ultimate impact.
Primary SDG:
SDG Target 6.4: By 2030, substantially increase water-use efficiency.
Secondary SDGs:
| Metric | Outcome | Impact |
|---|---|---|
| Water reductions per customer (%) compared to 2015 | Higher efficiency and resilience to lower end demand on natural capital | With natural capital preserved, the earth’s regenerative capacity is maintained |
Metric Result, 2023 As reported by the holding
In 2023 the company made good progress towards its 2035 water reduction target. The customer base was stable with no deviation from our original impact thesis.
Sustainably Meeting Basic Needs
Healthpeak Properties
The cost of health care in the United States has long been a barrier to access for many. By delivering health care infrastructure and specialized outpatient care, Healthpeak Properties is contributing to a more accessible and cost-effective health care system.
This investment, like many, is contributing to more than one investment theme. This spotlight looks at how it contributes to just one of those themes, Sustainably Meeting Basic Needs.
Asset Class: Public Equities
System Role: Adopts a new way of providing more cost-effective healthcare services.
Results Chain: Results chains build from an impact thesis. We link company-reported metrics to the impact thesis. Metrics contribute to outcomes, which contribute to the theme’s ultimate impact.
Primary SDG:
SDG Target 3.8: Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality and affordable essential medicines and vaccines for all.
Secondary SDGs:
| Metric | Outcome | Impact |
|---|---|---|
| Number of patients and visitors to Healthpeak's outpatient medical buildings | Enhanced quality, reach and affordability of healthcare, education, housing and transportation | Everyone’s fundamental requirements, like food, water, shelter, health care and education, are met |
Metric Result, 2023 As reported by the holding
In 2023, the company posted a significant growth in its number of patients and visitors. It announced a merger (completed in Q1 2024) with Physicians Realty Trust, which we expect to support impact performance over time.
Tables and charts in this report represent a snapshot of fund investments as of December 31, 2023; investments may change over time. This document is for informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of securities. The information contained herein is in summary form for convenience of presentation. Read more important information about this report here.