According to the latest available data, Canadian responsible investing assets grew from $2.1 trillion at the end of 2017 to $3.2 trillion as of December 31st, 2019. This represents a 48% increase in RI assets under management (AUM). TSX stocks in the ESG field are set to receive major investment capital in 2022.
One ESG play investors may not know, yet, is Pontus Protein (CVE:HULK/OTCMKTS:HLKKF) the company produces water lentils, which is a plant-based protein. Plant-based proteins themselves are a great relief for the environment, the amount of energy used to sustain livestock is a major contributor to manmade climate change. However, that’s not why HULK.V is an amazing ESG opportunity.
Unlike livestock, its vertical aquaponic farms utilize zero-emission power sources; and the real kicker…only use 5% of the water traditional agriculture uses to produce the same crop. That’s a massive 95% water savings. Make sure HULK.V is on top of your radar.
Northland Power Inc. (TSE:NPI) stock has been in focus over the past few weeks on range-bound trading. The stock has lost over 25% in the past year. Last week, the company the company released its 2022 financial outlook ahead of the previously announced annual Investor Day which will be held at 10:00 am EST, in virtual format. Members of the executive team will provide an update on recent growth activities, Northland’s long-term plans and objectives. The Company had success in 2021 growing its pipeline by securing long-term contracted renewable development projects in its target markets.
Iamgold Corp (TSE:IMG) stock has been gaining momentum over the past week with a jump of 9%. The stock has soared over 23% in the past 6-month. Eaerlier this week, the compnay announced a collaboration agreement with Resource Capital Fund VII L.P. As per the agreement, Maryse Bélanger, David Smith and Ian Ashby have been appointed to the Board of Directors of IAMGOLD as independent directors, and Ms. Bélanger has been appointed Chair, effective immediately.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa.
NFI Group Inc (TSE:NFI) is another major mover as the stock has gained almost 6% in the past month. Yesterday, the company announced that their electric vehicle partnership has supplied 29 BYD ADL Enviro400EV to Abellio for use on Transport for London route 63. The zero-emission double deck buses have innovative features, aimed at making them an even more attractive, green alternative to the car as London recovers from the pandemic.
The new buses on route 63 have a more open feel thanks to a skylight on the upper deck and handles on the backs of seats rather than vertical poles for an unobstructed view.
Extendicare Inc (TSE:EXE) stock was in focus as the company announced a cash dividend of C$0.04 per common share of the Company for the month of February 2022, which is payable on March 15, 2022 to shareholders of record at the close of business on February 28, 2022. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act. Extendicare Inc., through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy
