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Carbon intensity measures the quantity of greenhouse gases (GHG) emitted by an organization in relation to its revenue (tons of CO2 equivalent/revenue). The GHG emissions considered are the organization’s direct emissions (scope 1), that is, those under
its control (for example, emissions resulting from its industrial processes). Indirect GHG emissions resulting from the production and distribution of electricity, heat and steam (scope 2) are also taken into consideration. Carbon intensity can be used
to evaluate organizations that stand out from their peers in terms of GHG emissions in their internal activities.
Estimated carbon intensity on December 31, 2021, of organizations that the Desjardins SocieTerra Canadian Bond Fund invests in compared to organizations in the benchmark, the FTSE Canada Universe Bond Index.
A benchmark index is an indicator that measures the changes in a set of securities from issuers with shared characteristics. The index can assess the performance of a specific market and serves as a comparison with the changes in the performance of an investment fund.
Source: Results as at December 31, 2021, calculated using data from MSCI ESG ©2022 MSCI ESG Research LLC. Reproduced by permission; no further distribution. This report contains certain information (the “Information”) sourced from MSCI ESG Research LLC, or its affiliates or information providers (the “ESG Parties”). The Information may only be used for your individual use as an investor, may not be reproduced or re disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. Although they obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness, of any data herein and they expressly disclaim all express or implied warranties, including those of merchantability and fitness for a particular purpose. None of the information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
The carbon intensity of the Desjardins SocieTerra Canadian Bond Fund (Fund) and its benchmark, the FTSE Canada Universe Bond Index, primarily covers the corporate issuers and excludes national and regional governments, supranational organizations and development banks. As such, carbon intensity covers about 53% of the Fund and 34% of its benchmark. Furthermore, where a corporation does not disclose its GHG emissions and no estimate has been made by the data provider, the carbon intensity of the parent corporation was considered. The carbon intensity of the parent corporation may not be representative if the nature of its activities differs significantly from that of the corporation. Finally, the GHG reduction associated with environmental bonds was not taken into consideration in the evaluation. In this case, the carbon intensity of the corporation was considered, not that of the projects financed.
The chart showing the growth of $10 000 invested in the indicated class-units of the cited Desjardins Fund is used only to illustrate the effects of the compound growth rate and is not intended to reflect or to present future values of the investment fund or returns on investment in the investment fund.
As at March 31, 2022
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