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RIA Newsletter
October 2014
RIA News

RBC GAM Becomes RIA Sustaining Member
We are happy to announce that RBC Global Asset Management has become a Sustaining Member of the Responsible Investment Association. Read more here.

RIA CEO Deb Abbey in Wealth Professional Magazine
The latest issue of Wealth Professional features an article about Deb Abbey and the RIA's Certification. More here.

Q3 Performance of RI Funds

The performance numbers for retail RI mutual funds, ETFs and retail venture funds are now available for Q3. More.

 

Coming Soon: New RIA Website

The RIA will soon launch a new website, full of brand new content on RI. The site will feature an interactive map of Canada for viewers to locate an RIA Advisor in their region. The new site will launch in the coming weeks. Stay tuned!


New RIA Certified Professional
Congratulations to Allison Annesley on becoming the newest RIA Certified Professional. Connect with Allison on LinkedIn here. Learn more about RIA Certification here.
 
RIA Members Sign Global Statement on Climate Change 
Congrats to the 11 RIA Members who signed the Global Investor Statement on Climate Change ahead of the UN Climate Summit! 
  • Amundi Asset Management
  • Batirente
  • British Columbia Investment Management Corporation
  • ClearBridge Investments
  • Mercer
  • NEI Investments
  • OceanRock Investments
  • Oikocredit
  • Stephen Whipp Financial
  • Toronto Atmospheric Fund
  • Vancity Investment Management
  • Read more here
In This Issue
Upcoming Events

Oct. 26, Toronto

Oct. 29-30, Toronto

Nov. 6-7, Toronto 

Nov. 12, World Wide Web

Nov. 26, Toronto

Dec. 9-10, New York City
RI Industry News 

 

AGF Investments Strengthens Environmental Thematic Team With New Hire

Hyewon Kong has joined AGF to provide research & analysis on environmental thematic opportunities and manage the Global Sustainable Growth strategy. More

 

MSCI Launches Family of Low Carbon Indexes

MSCI has launched the MSCI Global Low Carbon Leaders Indexes, comprising companies with low carbon exposure. Amundi was a first adopter, providing critical insights. More.

 

Social Finance Forum: Nov. 6-7 in Toronto

The MaRS Centre for Impact Investing will host the 7th annual Social Finance Forum on November 6-7 in Toronto. More info here.

 

Mark Your Calendar: RI Americas

Responsible-Investor.com will host the annual RI Americas Conference in NYC on Dec. 9-10. Network with asset owners & over 300 delegates from around the world. More

 

Ontarians Invest Over $1 Million to Turn Animal Waste Into Power 

ZooShare Biogas Cooperative has raised over $1,000,000 for what is soon to be North America's first zoo-based biogas plant. More info here.

 

Ethiquette: A New Resource on Responsible Investment

A new educational web platform aims to help individual investors as they venture into the realm of responsible investment. More info here

 

Strong Demand for Ontario's First Green Bond

Institutional investors showed strong demand for Canada's first green bond issued by a provincial government. Press release here. Sean Kidney's analysis here.  

 

Grande Cache Coal Unloaded to Chinese Firm for $2

Owners of Calgary-based Grande Cache Coal have sold a controlling interest in the operation for just $2 to the Chinese company Up Energy Development Group Ltd. The owners had paid $1 billion for the mine in 2012 when coal prices were booming. More.

ESG News

Aboriginal Communities Oppose Kinder Morgan Canada Pipeline

A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial oil sands crude to Asia has hit another snag: Aboriginal communities intent on using the courts to block the proposed expansion. Read more.

 

Concerns Over Beluga Whales Delay Energy East Pipeline Project 

TransCanada Corp.'s $11-billion Energy East pipeline project has run into another stumbling block in Quebec as public opposition mounts over a possible threat to the endangered beluga whales in the St. Lawrence River. More info.

 

SaskPower Unveils World's First Carbon Capture Coal Plant 

SaskPower has officially opened the world's first commercial-scale, coal-fired power plant equipped with carbon capture and storage technology. More info.

 

Climate Change may Create Legal Liability for Canadian Energy Firms 

Advances in climate science could create a huge legal liability for Canadian energy firms, especially from foreign judgments being enforced locally, a new study suggests. More.

 

Transition to Low Carbon Energy System Could Save $1.8 Trillion

New reports from the Climate Policy Initiative conclude that transitioning to a low carbon economy could save trillions over the next 20 years. Summary here. Full report here.

 

Mark Carney: Most Fossil Fuel Reserves Can't be Burned

Canadian Bank of England governor lends his support to 'carbon bubble' theory that coal, gas and oil assets are at risk. Read more 

Analysis

Building Sustainable Food Systems in Canada: A Role for Investors

New report from SHARE outlines the negative impacts that corporate activities across the food value chain can have on food system sustainability. Importantly, it highlights the ways in which investors can be catalysts in improving corporate policies and practices. More

 

CDP Report: Sustainable Corporations Perform Better Financially

A new report by CDP provides evidence of a link between business leadership on climate change and a company's profitability. Read more 

 

Financial Institutions Taking Action on Climate Change 

New UNEP FI report on how climate leadership is emerging in the finance sector - and on how public and private actors need to work together. Read more.

 

A Baseline Survey of Climate Disclosures by Fossil Fuel Companies 

Carbon Tracker has assessed the responses from over 80 fossil fuel companies to a questionnaire, looking at how they report on climate risk. Read more.

 

What International Climate Litigation Could Mean for Canadian Oil & Gas Companies 

New CCPA analysis finds that Canadian oil and gas companies could be liable for billions of dollars of damages for their contribution to climate change. Read more.
Viewpoints

Deb Abbey: SRI Has Evolved

RIA CEO Deb Abbey rebuts a criticism of SRI made by Gerry Wahl (Wahl's critique here). Abbey explains how Wahl's article missed key elements of responsible investing. More.

 

Fiona Reynolds: How Investors Can Make a Difference

PRI Managing Director Fiona Reynolds explains how investors can effect change through responsible investing. More