RIA Newsletter
January 2018

RIA News
RIA Heads to Ottawa for Announcement of Responsible Business Initiative












RIA CEO Dustyn Lanz joined the Minister of International Trade for the announcement of Canada's Ombudsperson for Responsible Enterprise (CORE) in Ottawa on Jan 17th, 2018. The announcement marks an important step for advancing human rights and increasing accountability in supply chains. Lanz shares his comments via BNN below. 
2018 RIA Conference Registration













We are pleased to unveil the new website for the 2018 RIA Conference, which will take place on June 4th and 5th in Toronto.  Early bird registration is now open, and hotel discounts are also now available. Follow the link below to book your place now! Agenda and speaker announcements are coming soon. 
RIA CEO Dustyn Lanz: Making Sense of the Debate on Fossil Fuel Divestment 













In his latest column for Investment Executive, RIA CEO Dustyn Lanz addresses the debate around fossil fuel divestment. Lanz writes that although the divestment campaign has merit as a political statement, climate-proofing a portfolio and positioning it to help solve the climate crisis requires a more nuanced and forward-looking responsible investment strategy.
Q4 2017 RI Fund Performance

The performance data for RI funds in Q4 2017 are now available. Below are links to a full spreadsheet of responsible investment funds organized by asset class, as well as a 2-page brief that highlights some of the key categories in which RI funds outperformed the industry. The brief makes a great handout for clients.  
  
Find the full report here   
Find the highlights here
In This Issue
Upcoming RI Events

Gender Diversity = Better Corporate Performance
Jan 30, Webinar

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

MSCI ESG Breakfast Seminar Series Vancouver Montreal  Toronto
Feb 2, 6 and 7

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

CEGN Conference
May 15 - 17, Banff

June 4-5, Toronto 
RI Job Postings

Manager, Member Relations
RIA Canada

BMO

Vancity

Sustainalytics

Sustainalytics

Analyst or Consultant
Quinn and Partners

Environment Manager
TD Bank
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:
 
Stacey Agecoutay (RIS), ValleyFirst
Bardia Baradarani (RIS), OceanRock Investments
Randy Biberdorf (RIS), Servus Credit Union
Sherry Cavallin (RIS), Assante Financial Management 
Tony Chan (RIPC), Hong Kong Monetary Authority 
Linson Chen (RIS), RGF Integrated Wealth Management
Anthony Edwards
(RIAC),  Leede Jones Gable
Ryan Fontaine (RIS), Assiniboine Credit Union
Neil Kumar (RIS), Richardson GMP Limited
Brendan Lamb (RIS), First Calgary Financial
Steve Maciesza
  ( RIS), The Heritage Group
Elliott Michaelson  (RIS), Desjardins
Kristine Morga  (RIS), Assiniboine Credit Union
Rick Morson  (RIAC), CIBC Wood Gundy
José Núñez Gutiérrez (RIPC), Fiera Comox Partners
Trevor O'Reilly (RIS), RBC
Judy Yang  ( RIS), Vancity
Janet Wan  ( RIS),  Va ncit y
Steve Woo  (RIS), Vancity


RI Industry News
Major tipping point for RI?
Broader adoption of ESG integration and a growing RI product landscape are contributing to the positive shift towards responsible investing.  More
Global green bond issuance hit record $155.5 billion in 2017
Climate Bonds Initiative reports that green bond issuance was 78% higher in 2017 than in 2016 and could reach $250-$300 bln this year.  More
TD Bank launches initiatives to support a low-carbon economy
These initiatives include a target of CDN$100 billion in low-carbon lending, financing, asset management and other programs by 2030. More
Toronto joins network of financial centres to promote sustainability
Toronto joins the International Network of Financial Centres for Sustainability to make progress on climate change and sustainable development.   More
World Bank issues bond with sustainable development and gender focus
The World Bank Sustainable Development Bond raises awareness for women and girls' empowerment.  It raised $1billion from Canadian institutional investors.   More
RI Products & Services
Addenda Capital  launches new Impact Fixed Income Pooled Fund
The Fund, open to institutional investors and high net worth clients, is designed to generate positive impacts while delivering market-like returns.   More
Three RI funds win Fundata awards
Congratulations to NEI, OceanRock and RBC for winning FundGrade A+ Awards for their responsible investment funds.   More

ESG News

Iceland makes it illegal to pay women less than men
Employers in the Nordic country now have to prove that they pay men and women in the same jobs equally. If they fail to do so, they risk being fined.  More
These are Canada's top 100 highest-paid CEOs for 2018
Joseph Papa of Valeant Pharmaceuticals tops the list for the second year running at $83,131,252, even after a $100 million pay cut.    More  
2018 ESG Trends to Watch - MSCI
MSCI explores the major trends which will shape how investors approach risks and opportunities in 2018.  Trends include climate scenario analysis and ESG in fixed income.   More
New report says we should tax meat-eaters like smokers
Eating too much meat has a negative impact on the environment and on one's health.  Should associated costs be passed on to consumers in the form of a tax?    More
NYC files climate law suit against five major oil companies
New York City is suing five major oil companies in an attempt to hold the industry accountable for damages caused by climate change.   More
Global Compact Network Canada SDG Survey 2018
What do you think are the top 5 SDGs in Canada?  Take part in Global Compacts survey which aims to find out which SDGs are priorities to investors.    More
PwC's 2017 Annual Corporate Directors Survey
The report highlights 6 big topics in governance today.  Diversity in the boardroom, executive pay and shareholder engagement made the list.   More

Research & Analysis
MSCI: Women on Boards Progress Report 2017
The annual report revealed despite year-over-year gains and a few bright spots, women's inroads in to global boardrooms remains slow.   More
Sustainalytics: Understanding ESG Incidences - Key Lessons for Investors
The report explores Sustainalytics' incidents collection framework and offers comprehensive insight into company activities that generate undesirable E&S effects. More
Vancity Investment Management: Green Bonds and Beyond
The sub-advisors to the IA Clarington Inhance SRI funds explore the growing demand for green bonds, broader socially responsible fixed income and the importance of active management.   More
ICD: Director Lens Survey
A recent Institute of Corporate Directors (ICD) survey found that 50% of board directors do not consider climate change to be an important strategic issue.   More
Disclosing the Facts: Transparency and Risk in Methane Emissions
The 2017 edition of Disclosing the Facts scorecard provides clarity for investors on which companies are taking action to reduce methane emissions.   More
Policy & Legal News

MaRS:  The Pay-for-Success Opportunity - From Activities to Outcomes
The report highlights the flexibility and focus that pay-for-success aims to allow  strained service providers.  It also raises a few problems that governments must manage to foster effective pay-for-success programs.  More
Meet the lawyer trying to make big oil pay for climate change
After successfully suing tobacco companies, Steve Bermen is now working on a lawsuit involving five large oil companies for causing climate change.   More
Viewpoints
Sustainalytics: How can investors monitor human rights in high risk  countries?
The piece explores risks of operating in high-risk countries, why investors should be concerned and what investors can do to manage human rights issues.   More
Jory Cohen: Part 3 - Jory and Jill's personal impact investing journey
In the third post in his blog series, Jory discusses their move in to public equity impact investments and the reasoning behind it.    More
Corporate Knights:  Failure to launch
Brittany Stares makes an argument for Canada to implement strategic pension regulation to accelerate the shift towards a low-carbon economy.    More
Harvard Business Review: Top 10 Sustainable Business Stories of 2017
Andrew Winston highlights the biggest sustainable business stories of 2017 and
makes some predictions for the year ahead.    More
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