What is the ultimate goal for someone to invest? Growing their money? Earning income? Getting a superior return? The answer will definitely vary depending on who you ask, and after considering a multitude of factors. Today, there is another consideration that is growing rapidly when it comes to investing. Many are looking to align their investments with their personal values. Investors want their money to not only grow, but to also make a positive impact on society and the world at large.

According to Global Sustainable Investment Alliance, Environmental, social and governance (ESG) investing grew to more than $30 trillion USD in 2018*. And momentum is growing. As investors' demand for transparency increases and their social conscious continues to grow, that number is set to keep rising. ESG strategies are not new, with the term ESG dating back to 2004. What has changed though is that where ESG was once seen as detrimental to a portfolio's return and using this strategy was uncommon, it has now almost become the norm.

In April 2009, TD Asset Management Inc. (TDAM) became a signatory of the Principles for Responsible Investment (PRI) and adopted a Sustainable Investing Policy. TDAM realized early on that incorporating sustainability criteria within our investment framework was compatible with our goal of maximizing long-term financial returns.

Considering ESG factors not only contributes to the greater good, it also provides us with a more robust view of potential risks and opportunities that are likely to influence the value of an investment. In many ways, the Sustainable Investing Policy formalized an approach that we had employed for quite some time.

Our ESG consideration continues to evolve. Today, we have a dedicated ESG Engagement Committee that oversees our overall ESG strategy and integration efforts. The committee facilitates discussion around ESG issues, engagements and policy direction and is made up of a diverse set of seasoned professionals and includes members of the investment management, external distribution, and investment risk teams.

The committee strives to ensure that the sustainable investment approach is well implemented across our platform, and that our ESG strategy is clearly communicated across the business. The work of the Committee is communicated to upper management, including the Chief Executive Officer, Chief Investment Officer and portfolio managers, all of whom serve critical roles in advancing sustainability across the firm and within client portfolios.

Many investors struggle with the idea of ESG investing and the perceived detriment it is to investment returns. How much of a return is enough to give up to satisfy your personal values? Taking it a step further, is this in fact true - do returns need to be sacrificed to invest in a socially responsible way?

At TDAM, we understand the dual impact of many ESG issues; where they can impact the financial direction of companies (and by extension share price/performance) and the environment in which they operate. Under our approach, financially material ESG factors are weighed alongside other traditional investment criteria, with investment implications resulting if an ESG issue or event changes the intended risk/return profile of an investment. Additional attention is given to any ESG issues that may add systemic risk and impede the long-term sustainability of financial markets overall.

This past month, we announced exciting news supporting our commitment to Sustainable Investing. The TDAM Sustainable Investment Approach, is a new firm-wide philosophy that further articulates our commitment to investing responsibly and serves as a guidepost for how each of our investment teams' approach ESG integration when selecting investments. As investors in a broad array of investment classes, hawse have a significant role to play in being a positive influence for continued improvement in ESG. Rob Vanderhooft, Chief Investment Officer at TDAM, was also recently on MoneyTalk discussing the new firm-wide philosophy.

Against the backdrop of our growing commitment to investing with ESG front and centre, we are also pleased to announce the launch of two new funds in our sustainability suite to our retail investors:

• TD North American Sustainability Equity Fund - an active North American equity solution that combines TDAM's fundamental research process with experience in ESG integration to invest in high quality businesses committed to making a positive impact on the world.
• TD North American Sustainability Balanced Fund - is a core global balanced fund which seeks to provide long-term capital appreciation with the potential to earn income while focusing on companies driving positive change.

For more information about our approach to ESG, please visit the Sustainable Investing page on our website.

*Global Sustainable Investment Alliance, 2018 Global Sustainable Investment Review.

本文所含信息由道明资产管理有限公司提供，仅供参考。信息出自我们认为可靠的来源。本信息并未提供财务、法律、税务或投资建议。具体的投资、税款或交易策略应根据每位投资者的目标和风险承受能力加以评估。

本文档中的部分陈述可能包含预测性的前瞻性陈述（“FLS”），其中包含“预计”、“预期”、“打算”、“认为”、“估计”和类似的前瞻性表述或其否定形式。前瞻性陈述基于当前对未来普遍的经济、政治、相关市场因素（例如利率和汇率、股票和资本市场）以及普遍经营环境的预计和预测，并假定不发生税法或其他法律或政府管制方面的任何变动或灾难事件。对于未来事件的预计和预测本身受无法预见的风险和不确定性的影响。此等预计和预测可能在未来并不准确。前瞻性陈述并非对未来表现的保证。实际发生的事件可能与前瞻性陈述明示或暗示的事件存在实质差异。包括上文所述各项因素在内的多个重要因素均可能造成这种背离。您不应在任何程度上依赖于前瞻性陈述。

进行互惠基金投资可能需要负担相关佣金、尾随佣金、管理费以及支出。请在投资前阅读基金概况和招股说明书，内附详细的投资信息。互惠基金不受加拿大存款保险局 (Canada Deposit Insurance Corporation) 或其他政府保险机构的保障。我们无法保证基金能够将其单位资产净值保持在一个恒定的水平，也无法保证您在基金中的投资将全额返还给您。过往表现未必会重现。互惠基金策略和当前所持资产可能会有变动。

TD Asset Management Inc. is a wholly-owned subsidiary of The Toronto-Dominion Bank. All trademarks are the property of their respective owners.

®TD标识和其他商标为道明银行或其子公司的财产。