Eight favoured Canadian stocks with low levels of ESG risk

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We are looking for Canadian stocks with low levels of ESG risk that are favoured by analysts

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As the debate around the merits of ESG investing rages on, investors are reminded that the heart of most ESG scores centre around financially material risk. In other words: How much can a company stand to lose from issues that arise from climate change, social impacts and, classically, poor corporate governance practices?

Regardless of where you stand on ESG, as a prudent investor it is worthwhile considering risks that are not spelt out in traditional financial statements. To help with this task, today I use Morningstar CPMS to create a strategy that looks for profitable Canadian companies that have gained the favour of Street analysts and exhibit a low degree of ESG risk.

 

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Hope its Suncor and Canadian Natural Resources, they are making bank big! Invest with your brains out there kids.

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