The Financial Post reports in its Tuesday edition that BMO is launching a new group of ETFs that are focused on giving investors exposure to the companies that are best incorporating ESG principles into their businesses. The Post's Victor Ferreira writes that on Tuesday, the bank will make eight new environmental, social and governance ETFs available on the Toronto Stock Exchange. According to a list of investment products on the Responsible Investment Association's website, the new ETFs appear to bring BMO level with Desjardins as the Canadian firm with the most ESG ETF products on the market. Of the eight, four are MSCI-equity-index-based ETFs that are made up of the leading ESG stocks in Canada, the United States, globally and in EAFE (Europe, Australasia and Far East) countries. First, companies must pass through a series of screens and then post an ESG score that ranks in the top half of the companies in their given sector. That meant companies such as Royal Bank of Canada, BCE, Manulife and Air Canada failed to make it into the BMO MSCI Canada ESG Leaders Index ETF. MSCI and BMO begin their process by eliminating entire sectors such as gambling, tobacco, nuclear power, weapons and alcohol from consideration.