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Sustainable and ESG integrated investments
- Grew assets in funds with a sustainable investment objective to $7.55 billion.
- Over 90% of assets consider material ESG factors.
2025 Sustainable Investing Report
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Strength in the fundamentals
At Mackenzie, sustainable investing is grounded in strong fundamentals, supported by rigorous research, disciplined stewardship and transparent reporting. These capabilities are not trends or labels; they are the foundation that allows us to manage risk across market cycles and deliver long-term value for our clients.
2025 sustainable investing at a glance
Firm-wide
stewardship
- Engaged with 290 companies globally on 1,726 topics.
- Continued to expand stewardship programs to include nature/ biodiversity, Indigenous rights and governance themes.
- Implemented proxy voting research with a focus list of 140 companies.
Climate action
progress
- Progress toward net-zero interim target reached 37%, verified by the Science Based Targets initiative (SBTi).1
- Implemented Mackenzie’s inaugural Thermal Coal Investment Policy.
Advancing integration of ESG considerations
- Expanded the use of MSCI physical climate risk tools, including enhanced geospatial analysis.
- Developed ESG tear sheets to inform valuation analysis, security selection, and ongoing investment decision-making.
Community
engagement
- Grew the employee-run and funded Mackenzie Investments Charitable Foundation to nearly $17 million in total donations since inception.
Supporting thought leadership
- Sponsored industry events such us PRI in Person, RIA and Finance Montréal Summit.
- Conducted the sixth annual Earth Day Study.
- Participated in the RIA Research Initiative.
Our sustainability expertise
Team profile
Mackenzie’s Sustainability Centre of Excellence
In 2025, Mackenzie’s Sustainability Centre of Excellence (COE) celebrated five years of providing firm-wide support on sustainability-related considerations.
Delivering on our sustainable investing goals
Advancing corporate and investment sustainability practices
- Enhanced ESG data and tools to integrate financially material physical and transition climate risks into investment processes.
- Published Mackenzie’s inaugural Stewardship Policy, aligned with the Japan Stewardship Code.
- Partnered with investment teams to deliver decision-useful research aligned with proprietary and international frameworks.
- Implemented the Thermal Coal Investment Policy.
Allocating to sustainable investment solutions
- Continued education and growth in sustainable investment solutions across equities and fixed income.
- Supported transition financing through use-of-proceeds bonds and outcome-linked structures.
Aligning collective stewardship efforts
- Engaged with 290 companies globally on 1,726 topics.
- Embedded thematic engagement programs spanning climate, nature, Indigenous relations, AI governance and thermal coal.
- Integrated engagement insights into proxy voting, including expansion of the Proxy Voting Focus List to 140 companies.
Advocating for impact, transparency and disclosure
- Participated in global consultations, including SBTi’s Corporate Net-Zero Standard v2 and the Net Zero Asset Managers (NZAM) initiative.
- Contributed to collaborative initiatives, including Climate Engagement Canada and CDP.
- Published voting rationales for all votes against management to enhance transparency.
Actioning environmental stewardship
- Made progress toward net-zero interim target.
- Prioritized engagement to support credible transition planning and disclosure.
- Expanded our climate risk engagement program from 100 to more than 150 focus list companies and successfully completed engagements with 145 of these companies.
Our stewardship approach
We are committed to being long-term stewards of capital and encourage the companies we invest in to adopt responsible practices. Our progress in climate action and sustainable investing is driven through active engagement, ownership and advocacy.
1,726
Engagement themes addressed in 2025.
290
Companies engaged with in 2025.
Firm-wide proxy voting
We believe that proxy voting is an essential component of our fiduciary duty and a critical aspect of our role as active owners. We vote proxies in investors’ best interests, taking into account material ESG risks.
7,283
Meetings voted in 2025.
26,123
Proxy votes on shareholder proposals in 2025.
Climate action plan
We are committed to supporting the transition to a low-carbon economy and managing the long-term risks and opportunities presented by climate change.
Our strategy
Collaborating
across our industry to set Canadian standards.
Managing
portfolio risks and opportunities to improve client outcomes.
Engaging
with Canadian corporations to support transition readiness.
Investing
to directly support the transition to a low-carbon economy.
Our commitment to net zero
Our interim target was established under the NZAM initiative. Following the pause in the 2025 NZAM review, and until further notice, we continue to report on progress toward aligning our in-scope assets2 with Mackenzie’s net-zero interim target.
In 2025, our progress was measured based on the credibility of investee companies’ net-zero plans. We advanced towards our interim target of having 50% of in-scope assets aligned with validated science-based targets from SBTi or equivalent pathways.
Our 2030 interim target:
50%
Of in-scope AUM verified by SBTi.
Our 2025 progress:
37%
Of in-scope AUM verified by SBTi.
Delivering on our Sustainable Investing Policy
Mackenzie Investments Teams:
contributors to the report
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Disclaimer
1 The Science Based Targets initiative (SBTi) is a global corporate climate action organization that helps companies and financial institutions set greenhouse gas reduction targets aligned with climate science and the Paris Agreement.
2 The initial percentage of in-scope assets is 24% of the 2021 AUM (baseline year), amounting to $49 billion. This percentage and AUM figure will vary annually due to market fluctuations and asset flows.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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