Fossil Free Investments at Alterna Savings

Alterna Savings is a major credit union in Ontario. The information below also applies to Alterna Bank, their Canada-wide digital bank. This is solely a directory and not financial advice.

In Branch

Alterna branches mainly offer mutual funds from NEI, which contain significant investments in the Canadian oil sands. NEI's only truly fossil-free product is their Global Impact Bond Fund. They also claim to be in the process of removing direct fossil fuel holdings from their Global Sustainable Balanced Fund and Environmental Leaders Fund. An update will be provided once updated disclosures are filed in SEDAR or further context is provided by the fund manager. You can talk with a branch advisor to see if they offer any third-party mutual funds that are currently fossil-free. We've compiled a list of fossil-free mutual funds.


Qtrade, Alterna's partnered direct investing service, allows the purchase of the mutual funds listed above along with exchange traded funds listed on our ETF Portfolios and Specialized ETFs pages. Some of these are free to trade while others carry a fee. Note that this offering does not include financial guidance. VirtualWealth does not offer fossil-free options.

Last Updated: January 12, 2022

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