Desjardins Investments Inc. is excluding fossil fuels from the investing policy of certain funds, the Montreal-based firm said in a release on Thursday.
Effective April 1, the Desjardins Funds’ SocieTerra line will stop investing in companies for which fossil fuels represent a large part of activities. These include the extraction, production or pipeline transportation of oil and gas; coal mining; and coal-fired electricity generation, the release said.
The SocieTerra line includes the Desjardins SocieTerra funds and the SocieTerra portfolios.