Invest with Values

The Investor's Gateway to Positive Change

The Investor's Gateway to Positive Change

  • RESOURCE DIRECTORY
    • GETTING STARTED
    • FULL DIRECTORY
    • Top Resources
    • Share a Resource
  • NEWS CENTER
    • NEWS CENTER
    • By Category
      • Local Banking
      • Community Investing
      • Impact Investing
      • Sustainable-Responsible Investing
      • Featured Articles
      • Beyond Investing
      • IWV news
      • Top Resources
    • News Partners
      • 3BLmedia
      • AllianceMagazine
      • CorporateKnights
      • GreenMoney
      • Locavesting
      • MaxImpact
      • InvestWithValues Sponsors
      • InvestWithValues Partners
    • Newsletter Sign-up
    • Newsletter Archive
  • About
    • About Us
    • Brian Kaminer
    • Learn More
    • Testimonials
    • Investments Talk! Video
    • Launch Press Release
    • News Center Press Release
  • Sponsors & Partners
    • Sponsors
    • Partners
  • Connect
    • Contact Us
    • Survey
    • IWV News
    • Share a Resource
  • Spoiler title
    Free GuideSubscribeClose
    Get a free 30 minute personalized guide to
    Invest With Values, after subscribing.
    * = required field

Tim Nash’s sustainable stock showdown: SNC vs. WSP

March 12, 2019 By CorporateKnights

Have you caught any Canadian news lately? If so, you’d know the Montreal-based engineering firm, SNC-Lavalin, is at the centre of a major controversy in Canadian politics right now. We won’t rehash all the gory political details, but suffice it to say, the scandal hasn’t helped SNC’s investors. The stock has taken a nosedive as the company’s legal woes over corruption charges has moved through the courts. If convicted, it wouldn’t be able to bid on government contracts for 10 years, so you can understand why investors are jittery from both a financial and an ethical perspective.

Many ethical investment portfolios have excluded SNC for years, as this isn’t the first time the company has been embroiled in controversy. Some, including Michael Sabia, the CEO of SNC’s largest shareholder (Quebec’s Caisse de dépôt), believe the markets may have hammered SNC a little harder than is fair and say the company is still a good investment. Another shareholder is seeking damaged through a proposed class action lawsuit.

If you have had enough, there are alternatives.

WSP Global, a similar company to SNC-Lavalin, recently eclipsed it as the largest Canadian engineering and construction firm. It has a bigger focus on environmental services, like water infrastructure, public transit, and waste management. The Montreal-based firm has a stronger governance structure that seems to understand sustainability risks. It was also on Corporate Knights’ 2018 list of the Best 50 Corporate Citizens in Canada.

That said, WSP Global isn’t squeaky clean. It provides lots of engineering services to the oil and gas and mining sectors, and the paucity of taxes it has paid over the past five years suggests the possibility of creative accounting. However, there’s no question who wins the Sustainability Showdown when comparing it to SNC Lavalin.

Here’s how WSP and SNC measure up:

Have a company in your portfolio that you want to replace with a more sustainable option? Write us an email or send us a tweet!  

Tim Nash blogs as The Sustainable Economist and is the founder of Good Investing. He teaches people how to invest online and make intentional decisions with their investments. Twitter @timenash

The post Tim Nash’s sustainable stock showdown: SNC vs. WSP appeared first on Corporate Knights.

Share This:

This post was originally published on CorporateKnights.com


home-compass-croppedVisit the Invest With Values - Resource Directory to access leading investor information, opportunities, organizations, events, groups and tools.

Filed Under: -Sustainable-Responsible Investing

About CorporateKnights

Corporate Knights is an award-winning business and society magazine, and a research division which produces corporate rankings, research reports and financial product ratings based on corporate sustainability performance. Its best-known rankings include the Best 50 Corporate Citizens in Canada and the Global 100 Most Sustainable Corporations.
Learn more about CorporateKnights and their articles.

News Search

Sponsors

Talgra RSF RSF Social Finance logo Trillium MicroVest MicroVest LOCUS LOCUS Impact Investing CFC capital for change

Events

All News by Category

Take the Survey

Why do you care about money and investing?
  • Home
  • Directory
  • News Center
  • Sponsors & Partners
  • About
  • Connect
  • Google Plus
  • Facebook
  • Twitter
  • Linkedin

Copyright © 2021 • Invest with Values • All Rights Reserved • 914-230-0741 · info(at)talgra.com
Created and Managed by Brian Kaminer of Talgra LLC

Disclaimer: The information shared through investwithvalues.com has been provided by Talgra, LLC (“Talgra”). No representation or warranty, expressed or implied is made by Talgra, the sponsors, partners or contributors as to the accuracy or completeness of the information contained herein. The website is for educational and informational purposes only and is subject to change. This does not constitute an offer or a solicitation to purchase or sell any security, and nothing herein should be construed as such. The opinions represented in this directory are those of Talgra and should be considered in conjunction with advice from a professional advisor in the context of your particular investment situation. The specific investments included in this website are examples of investments that can be made in each of the different investment categories and are not recommendations to purchase any individual security or investment vehicle.