Latest News

Posted: February 1, 2017
ELFEC’s Board of Directors are pleased to share a few strategic changes to our investment portfolio to better our fulfill our mandate as Responsible Investors. Recent changes included: Exiting our holdings in the Montrusco Bolton Canadian Equity Income Pooled Fund. Purchasing individual stocks modelled on the Equity Income Strategy. Selling bonds issued by two companies involved in tar sands oil production. Selling shares in oil and gas companies involved in the Exploration and Production (E&P) sub-sector. Re-investing capital by purchasing shares in a renewable energy company. As well as, purchasing shares in several Real Estate Investment Trusts (REITs). Our rationale: ELFEC made a commitment in 2016 to move away from investments in fossil fuel production and increase investment in renewable energy. The equity income strategy offers the potential of more predictable dividend income and protection against market swings. We wanted to take on more exposure to the real estate sector as an alternative to fixed income securities (bonds), thereby reducing sensitivity to interest rate changes. All of our investment policy decisions are made with one eye on financial results and the other eye on the social and environmental impacts of what we do.Read more
Posted: January 24, 2017
Q4 2016 saw engagement with 10 companies held within our portfolio. Themes discussed included respecting international Human Rights with Agrium Inc and Goldcorp Inc, addressing the financing of climate risk with Royal Bank of Canada and Toronto-Dominion Bank, and investing in Decent Work with Magna International Inc, Dollarama Inc and CGI Group Inc. A full report by company is available here .Read more
Posted: November 11, 2016
ELFEC grant money provided to National Worship Conference, helped to offset travel bursaries and extra honorariums for special guests who joined the conference from Six Nations in Brantford, who shared with attendees their experiences of music camp and the important work of building right relationships between our Lutheran/Anglican Churches and our brothers and sisters at Six Nations. A full report can be read here.Read more
Posted: October 8, 2016
Q3 2016 saw engagement with 12 companies held within our portfolio. Themes discussed included respecting international Human Rights with Agrium Inc and Goldcorp Inc, addressing the financing of climate risk with Bank of Nova Scotia and Royal Bank of Canada, and Protecting & Preserving Clean Water with Peyto Exploration and Development Corp. A full report by company is available here .Read more

Pages