Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced Monday it’s launching RBC Vision Fossil Fuel Free Global Equity Fund, which will be added to the firm’s socially responsible investment suite, RBC Vision Funds, that was introduced earlier this year.

The mutual fund is designed to reach long-term capital growth by investing in equities around the world, eschewing companies directly engaged with extracting, processing or transporting of coal, oil or natural gas.

RBC Vision Fossil Fuel Free Global Equity Fund will also take into consideration an exclusion list based on The Carbon Underground 200, an annual report by Port Washington, N.Y.-based Fossil Free Indexes LLC that presents the global top 100 public coal companies and the top 100 public oil and gas companies, ranked by potential carbon emissions.

“We integrate environmental, social and corporate governance principles into our assessment of every investment opportunity to help ensure that we invest in sustainable wealth-generating businesses,” says Habib Subjally, senior portfolio manager and head of global equities with RBC GAM, in a statement.

“We select the holdings in the RBC Vision Fossil Fuel Free Global Equity Fund based on a thorough understanding of the company, its business and its outlook, with the aim of providing long-term growth potential,” he adds.

RBC Vision Fossil Fuel Free Global Equity Fund is available to individual investors through five options with varying management fees: Series A is 1.75%, Series F is 0.75%, Advisor (ISC) is 1.75%, Advisor (LL) is 1.75% and Series D is 1.00%.

The fund is also available to institutional investors through Series O, the firm adds.

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