Latest News

Posted: August 2, 2017
This month, ELFEC has written to Cineplex to seek expanded disclosure of the company’s workforce policies and practices. The letter is as part of a shareholder engagement with the company on decent work led by SHARE. Companies that pay living wages, provide secure jobs, encourage training opportunities and support diversity are better long-term investments. Disclosure helps investors understand how companies are approaching these decent work issues.
Posted: July 13, 2017
Q2 2017 saw engagement with 5 companies held within our portfolio.  Themes discussed included addressing the financing of climate risk with Royal Bank, Bank of Nova Scotia and Toronto-Dominion Bank, respecting international human rights with Agrium Inc. and business & reconciliation with Toronto-Dominion Bank. A full report by company is available here.
Posted: July 5, 2017
We are one of the 79 investors worth over $7.8 trillion supporting @ShareActionUK’s Workforce Disclosure Initiative: http://share.ca/canadian-investors-among-7-9-trillion-coalition-pushing-companies-for-disclosure-on-global-workforces/
Posted: May 10, 2017
Over the past few months ELFEC has been moving money into impact investments.  These are defined as investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". After commissioning a study by an independent consulting group, the ELFEC board approved the investment of a total of $1 million, or about 3% of our total portfolio, in four organizations. All four investments will generate a financial return that compares favourably to our fixed income investments in financial markets... Read More
Posted: April 30, 2017
Making your legacy for tomorrow, count today!
Posted: April 30, 2017
Q1 2017 saw engagement with 10 companies held within our portfolio.  Themes discussed included addressing the financing of climate risk with Royal Bank of Canada, Bank of Nova Scotia and Toronto-Dominion Bank, voting on Executive Compensation with H&R REIT, and measuring climate risk with Smart REIT. A full report by company is available here.  
Posted: March 27, 2017
For Canadian Lutherans 2017 is a very big year.  We’re all aware that this is the 150th anniversary of Confederation and the 500th anniversary of the Protestant Reformation.  But did you know that it is also the 20th anniversary of Lutheran Planned Giving? Read more !  
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... 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.
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.

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