7. Agnico-Eagle Mines
Ticker: AEM
Price target: $60
Implied return to price target: 17%
ESG rationale: "Contributes to the social and economic development of the communities in which it operates through development programs, local sourcing of goods and services, and local employment."
Source: RBC Capital Markets
6. Owens Corning
Ticker: OC
Price target: $65
Implied return to price target: 17%
ESG rationale: "Focused on delivering sustainability-driven innovation across all businesses, including energy-efficient fiberglass insulation and roofing solutions."
Source: RBC Capital Markets
5. Nvidia
Ticker: NVDA
Price target: $200
Implied return to price target: 20%
ESG rationale: "NVIDIA strives to improve the energy efficiency of its products throughout the research, development, and design processes."
Source: RBC Capital Markets
4. VMware Inc.
Ticker: VMW
Price target: $210
Implied return to price target: 22%
ESG rationale: "Ranked among industry leaders in the area of clean technology opportunities; VMWare's virtualization and cloud computing solutions helped customers avoid 84 million metric tons of carbon dioxide in 2017."
Source: RBC Capital Markets
3. Northern Trust Corporation
Ticker: NTRS
Price target: $108
Implied return to price target: 23%
ESG rationale: "Committed to responsible investment, with USD 86 billion AUM, or 7.2 percent of total AUM, invested in assets that incorporate ESG criteria as of year-end 2017."
Source: RBC Capital Markets
2. Baker Hughes
Ticker: BHGE
Price target: $33
Implied return to price target: 36%
ESG rationale: "Committed to reduce CO2 equivalent emissions by 50 percent by 2030, relative to a 2012 baseline, and to reach net zero by 2050."
Source: RBC Capital Markets
1. Gilead Sciences
Ticker: GILD
Price target: $91
Implied return to price target: 37%
ESG rationale: "The company has set a target to reduce global Scope 1 and 2 GHG emissions by 25 percent by 2025, relative to a 2016 baseline, through renewable energy and energy efficiency technologies."
Source: RBC Capital Markets