Alternative Investments/ESG: New ESG Gold ETF From Sprott To List August 2
The Sprott ESG Gold ETF is the world’s first ETF to exclusively source and refine gold from globally recognized mining leaders in ESG.
Sprott Asset Management LP, a wholly-owned subsidiary of Sprott Inc. (NYSE: SII), today announced the launch of the Sprott ESG Gold ETF (NYSEARCA: SESG) that will begin trading on the NYSE ARCA with effect from August 2, 2022. The new ETF will invest solely in gold (“Sprott ESG Approved Gold”) that satisfies the ESG and provenance standards developed by Sprott. (Financial Post)
The Sprott ESG Gold ETF will initially source its gold investments from several Canadian mines operated by Agnico Eagle Mines Limited (NYSE: AEM) and Yamana Gold Inc. (NYSE: AUY).
However, Sprott has partnered with the Royal Canadian Mint to provide investors with an ETF that only sources gold from companies and mines that meet Sprott’s ESG screening criteria. The Fund is expected to consist primarily of fully allocated unencumbered physical gold bullion held by the Mint on behalf of the Fund that qualifies as Sprott ESG Approved Gold.
“We created SESG to fill a gap in the marketplace with a gold fund focused on trust, transparency, and traceability. Our goal is to answer a number of key questions for investors: where does my gold come from, who produced it and was it produced sustainably by recognized ESG leaders? Through our partnership with the Royal Canadian Mint and our relationships with leading Canadian gold producers, Sprott is uniquely positioned to offer a convenient way for investors to own physical gold that aligns with their ESG values,” said John Ciampaglia, CEO.
“We believe that we are recognized within the mining industry for our global leading ESG practices, for having one of the lowest GHG intensities and for operating in safe jurisdictions,” said Carol Plummer, Agnico Eagle’s Executive Vice President, Operational Excellence.
“We believe that Yamana’s inclusion in this fund reflects our strong performance and commitment to push boundaries in the industry to deliver responsibly mined gold ounces that benefit all,” said Daniel Racine, President, and CEO of Yamana Gold.
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