IG Wealth Management and Carbon Streaming are pleased to announce that they have collaborated to position the IG Climate Action Portfolios as unique, sustainable investment solutions available to Canadian investors that are aligned with the global effort to reach net-zero emissions through the purchase and retirement of carbon credits to offset asset emissions.

The IG Climate Action Portfolios are a suite of four global diversified managed investment solutions that provide clients with ways to support the world’s transition to net-zero emissions and take advantage of the growth opportunities therein. They are constructed to provide exposure to a number of climate-related approaches that stand to benefit the planet and to deliver a variety of outcomes, from protecting capital and providing income, to providing long-term capital appreciation.

Through the deal with Carbon Streaming, the Portfolios’ estimated emissions will be compensated for by the purchase and retirement of carbon credits, which improves the environmental impact of the Portfolios¹. For the Portfolios’ first year, carbon credits have been purchased and retired from the world-renowned Rimba Raya Biodiversity Reserve (“Rimba Raya”).

“Teaming up with IG, one of Canada’s leading wealth management firms, on this initiative is an exciting and vital innovation we are proud to facilitate for Canadian investors,” said Justin Cochrane, CEO, Carbon Streaming. “This collaboration delivers on two of our key strategic pillars, establishing partnerships for climate action and furthering global net-zero.”

See related article: Carbon Streaming Announces Quarterly Financial Results

Rimba Raya is one of the largest peat swamp forest conservation projects in the world, preventing deforestation of lands previously gazetted for conversion to palm oil plantations. In addition to livelihood programs in local villages which advance UN Sustainable Development Goals, the project area is home to one of the few remaining wild populations of orangutans on earth.

“We are thrilled to work with Carbon Streaming to offer Canadians a truly impactful way to support climate action while planning for their financial future,” said Damon Murchison, President and CEO, IG Wealth Management. “By leveraging Carbon Streaming’s expertise, we are able to advance our goal of transitioning the IG Climate Action Portfolios to net-zero emissions and provide our clients with the opportunity to have a positive impact on our planet.”

Source: Carbon Streaming Corporation