RIA Newsletter
December 2017

RIA News
Dustyn Lanz Steps into CEO Role Following Deb Abbey's Retirement

As announced in October, Deb Abbey is retiring this month following a successful five-year tenure as CEO of the Responsible Investment Association. 

"Deb has done an absolutely incredible job of leading this organization since 2013, and we wish her the very best in retirement," said Jason Milne, Chair of the RIA's board of directors and Vice President, Corporate Governance & Responsible Investment with RBC Global Asset Management. 

Milne added,  " We are very pleased to appoint Dustyn as the next CEO of the RIA.  Dustyn's industry expertise, market understanding and passion for responsible investment will build on the success that Deb has helped the RIA to achieve."

RIA Members will receive a letter from Lanz in the new year, which will outline his vision for 2018 and introduce the new RIA team. 
2018 RIA Conference Sponsorship













Sponsorship opportunities are now available for the 2018 RIA Conference, which will take place on June 4th & 5th at the Hyatt Regency Toronto.  Registration and more details will be available in the new year.
Responsible Investors Have Burning Questions About Cannabis


I n his latest column for Investment Executive, the RIA's Dustyn Lanz explores whether cannabis is suitable for a responsible investment portfolio. 
In This Issue
Upcoming RI Events

Exploring Ceres' Investor Water Toolkit 
January 11th (Webinar)

Award Ceremony for the 5th Edition of the FSI Competition for Best Sustainability Report 
Feb 1st, Montréal

2018 BC Pension Forum & Pre-Forum Events, Feb 21-22
Vancouver

Investor Action on Climate Change: Supporting the 2-degree Transition, Feb 21-22, Vancouver

June 4-5, Toronto 
RI Job Postings

Manager, Member Relations
RIA Canada

BMO

Vancity

HSBC

Sustainalytics

Sustainalytics

Senior Manager, Investor Engagement, Water Program
Ceres
New RIA Members

We are pleased to welcome the following new RIA Members:
View the full RIA Member list here .  
Canada's Newest Recipients of RI Certification

Congratulations to Canada's newest recipients of the RIA's financial designations in recognition of expertise in responsible investing:
 
Connie-Gay Boyce  (RIS), VantageOne 
Credit Union
Tony Chan (RIPC), Hong Kong 
Monetary Authority 
Kate Gorman (RIS) LaHave River Credit Union
Dorothy Hall (RIS), Kindred Credit Union
Colin Herrick (RIS), Assante Wealth Management
Jean-Mikael Michaud (RIS), Financière 
Banque Nationale
Jonathan Mochizuki (RIS), Vancity/Credential Asset Management Inc.
Remy Pinette  (RIS), SFL partenaire de Desjardins Sécurité Financière
Ian Provost (RIS), Financière Banque Nationale
Annette Quan (RIS), Financière 
Banque Nationale
Crystal Schuhmacher (RIS), ValleyFirst
Yolanda Sterk (RIS), Vancity
Cindy Viner (RIS), Valley Credit Union
Stephen Woo (RIS), Vancity/Credential Asset Management Inc.
Judy Yang (RIS), Vancity 

RI Industry News
Investors call on Sanderson, Denny's, McDonald's to cut antibiotics
Members of the Interfaith Center on Corporate Responsibility have filed shareholder resolutions at  McDonald's, Denny's and Sanderson Farms to stop buying or producing meat raised with medically important antibiotics. More
Fitch outlines approach to capturing ESG risk in credit ratings
Fitch to increase transparency into how it captures ESG risk in credit ratings to meet increased demand from investors.  More
Moody's incorporates climate risks into credit ratings
Coastal cities have been put on notice from one of the top credit rating agencies to start preparing for climate change or risk losing access to cheap credit. More
OPTrust to divest from public market tobacco firms
OPTrust to divest from public companies that derive a majority of their revenue from production or manufacture of tobacco products by early 2018.   More
CPPIB using shareholder votes to push for more women on boards
CPPIB voted 34 times this year against directors who chaired nomination committees that failed to include women as candidates.   More
HSBC makes new sustainability pledges
HSBC makes major commitments to tackle climate change including $100bn in sustainable investment by 2025 and adopting the TCFD recommendations.  More
CIBC Asset Management becomes a signatory of the PRI
CIBC Asset Management furthers its commitment to responsible investment and risk assessment by becoming a signatory of the PRI.  More
Social Venture Connexion launches new ethical investment platform
New platform facilitates transactions and allows SVX to operate nationally, while opening up impact opportunities for accredited and retail investors. More
Norway's $1 trillion wealth fund to divest from oil and gas
Norway's sovereign wealth fund considers pulling out of petroleum stocks to reduce overall risk.  More
A4S issues three Statements of Support for the TCFD 
A4S issues statements in support of the TCFD recommendations at the Accounting for Sustainability Summit 2017 signed by accounting & pension fund execs.   More
RI Products & Services
HSBC issues world's first corporate sustainable development bond
The US$1 billion raised from the HSBC SDG bond will support projects that offer social, economic and environmental benefits that align with SDG targets.  More
Mackenzie pulls for women with new ETF
Mackenzie Investments has launched a new leadership impact ETF focusing on promoting the benefits of women in leadership.  More
RIA Members receive Lipper Fund award
Congrats to RIA Members CC&L, Fiera, Mackenzie, PH&N, RBC GAM, TDAM, CBIC, Desjardins & CI Investments for winning a 2017 Lipper Fund Award.   More
ESG News

Alberta is making the leap toward renewable energy
The Alberta government has auctioned off 595 megawatts of renewable energy capacity - a major step in its effort to transition to all renewable and gas-fired generation by 2030.  More
New Canadian alliance created to achieve gender parity on boards
The Canadian Gender and Good Governance Alliance (CGGGA) has been created to help accelerate gender parity on boards and in executive positions.  More
Advances on diversity in Canadian boardrooms have slowed
Although there are more women on boards than ever before, the rate of change has slowed to an alarming pace. Here's why.  More
Exxon to provide details on climate-change impact to its business
Exxon Mobil to publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year.  More
FAIRR issues global investor statement on antibiotic stewardship
Statement backed by 74 institutional investors with $2.4 trillion AUM identifies non-therapeutic antibiotics in livestock production as a public health risk.  More
Deutsche Bank deploys tool to map climate i nvestment risks
Deutsche Bank's asset-management unit is using a map to determine where climate-related disasters may pose the greatest risks.   More
Big insurers brace for perilous future as climate risks escalate
The world's biggest insurers say the industry needs to get its act together if it wants to survive climate change.   More
Research & Analysis
Climate Bond Initiative: Bonds and Climate Change - Canada Report
The sixth annual report highlights growth trends and opportunities in the Canadian green and climate bond market.  More
BMO: Performance With Principles - How Can ESG Investing Support Financial Returns?
The paper provides a summary of some of the leading academic and industry research on how ESG factors relate to long-term performance.   More
Ceres: Investor Water Toolkit
The Investor Water Toolkit is a comprehensive resource to evaluate and act on water risks in investment portfolios. This 'how-to' guide includes links to resources, databases, case studies and other tools for use by investors.  More
PRI: Investment Consultant Services Review
Investment consultants advise on the investment practices of trillions of dollars worldwide; however, many are failing to consider ESG issues in investment practice concludes a new report from the PRI.  More
CDP: Canada Report 2017
The report highlights key trends in corporate disclosure for 2017 including board oversight on climate change, deforestation and putting a price on carbon. More
Policy & Legal News

ISS updates its Proxy Voting Guidelines for 2018 
The US-specific updates include new guidance on director elections related to non-employee director pay and poison pills, and a new policy on shareholder proposals related to gender pay gaps.  More
EU launches consultation on fiduciary duty and sustainability
The European Union has launched a public consultation on institutional investors and asset managers' duties regarding sustainability. Responses are due January 22, 2018. More
UK Investment consultants commit to include ESG factors
12 influential investment consultants have committed to back guidance from the UK pensions regulator that trust-based DC and DB pension schemes should take ESG factors into account where they are financially material.  More
Viewpoints
The Catherine Donnelly Foundation:  Impactful Investment
The Catherine Donnelly Foundation has released a new report that shares key learnings from their impact investment journey.   More
CoPower: The dirty secret in your investment portfolio
CoPower research reveals the average Canadian investor does more climate damage with their investment portfolio than all daily activities combined.   More
Guardian: The seven megatrends that could beat global warming
A series of fast-moving global megatrends indicates that humanity might be able to avert the worst impacts of global warming.   More
CPA: Could blockchain be an enabler for climate action?
Blockchain is being considered as a solution for managing transactions in carbon markets. What is the impact for businesses and CPAs?   More
Submissions

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