Dustyn Lanz appointed as new CEO at Canada's Responsible Investment Association
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3y ago
The Responsible Investment Association on Tuesday announced the appointment of Dustyn Lanz as incoming Chief Executive Officer, effective January 1, 2018. Current CEO Deb Abbey will retire following a five-year tenure in the role. Lanz currently serves as Chief Operating Officer, and has worked with the RIA since 2013. He has played a central role in growing the RIA’s membership base and strengthening its brand and communications initiatives over the last four years, the RIA said in a statement. "We are very pleased to appoint Dustyn as the next CEO of the RIA," said Jason Milne, Chair of th ..read more
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Today’s New and Developing Carbon Markets, February 7, 2017
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3y ago
Organized by U of T’s School of the Environment, last Tuesday’s session was filled with a huge amount of new learning, contextualizing and updates, some of which I will share with you here. And if you thought you had enough acronyms from SRI, well, let me introduce you to a whole bunch more!   The day began with a presentation on Paris and Marrakesh by Gray Taylor, introduced as ‘the godfather of Canadian climate change law’.   The COP (Conference Of the Parties) 21 Paris Agreement which was approved December 12, 2015 represents a worldwide consensus on addressing climate ch ..read more
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Pension funds boost responsible investment assets
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3y ago
Canadian RI Assets Surpass $1.5 Trillion: Canadian RI Trends Report   The 2016 Canadian Responsible Investment Trends Report reveals that Canada’s responsible investment market is continuing to experience rapid growth. For example, total responsible investment assets grew 49% in two years to $1.5 trillion. Pension fund assets made up 75% of RI's growth, increasing by $374 billion since 2014. While most of RI's impressive growth is attributable to institutional investors, individual investor assets have nearly doubled in two years to $118 billion, a growth rate of 91%. Overall, responsible ..read more
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The Economist's take on Norway's Sovereign Wealth Fund
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3y ago
How to not spend it It is tough for a small democracy to run the world’s biggest sovereign-wealth fund Sep 24th 2016 | From the print edition Add this article to your reading list by clicking this button Tweet TWO decades after Norway’s government paid a first deposit into its sovereign-wealth fund, the country is learning how to manage a behemoth. The vehicle, which is used to invest abroad the proceeds of Norway’s oil and gas sales, has amassed a bigger fortune than anyone expected, thanks to bumper oil prices. As the direct benefits of oil decline—around 46% of Norway’s expected ..read more
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Vancity Investment Management’s Dermot Foley rece...
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3y ago
Vancity Investment Management’s Dermot Foley recently participated in a Carbon Talks event hosted by SFU, with the David Suzuki Foundation and the Centre for International Governance.   Joining Dermot on the panel of experts was Jeff Rubin, former chief economist at CIBC, and anti-oil-sands-expansion campaigner Karen Mahon. Key discussion topics included concern around the commercial viability of the oil sands, and proposed pipelines like Energy East. The Tyee provides good coverage of the event: . http://thetyee.ca/News/2016/03/18/Jeff-Rubin-Carbon-Talks/ Here's an excerpt ..read more
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Ontario Hits Green Bond Market for Second Time
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3y ago
The province of Ontario is poised to close its second green bond offering, according to reports, this time with a price of $750 million. In its first green bond issued in 2014, under the same framework, proceeds were used primarily to fund the Eglinton Crosstown rail link. There's no word on what the province will fund with the newest green bond, other than they will be used for eligible projects, which means "all projects funded by the province that have environmental benefits, exclusive of fossil fuel and nuclear energy projects," the province said in a regulatory filing. Ontario ..read more
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Ontario Credit Union Offers a Financial First: Socially Responsible GICs
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3y ago
Mennonite Savings and Credit Union (MSCU), based in Kitchener, Ontario, said Thursday that they are the first Canadian financial institution to offer socially responsible guaranteed investment certificates (GICs). Until now, the RI approach to investing, which involves sustainable screens, has been limited to mutual funds and market investments, the credit union noted. "We are thrilled to be a leader in SRI," said Brent Zorgdrager, the MSCU's CEO. "Our commitment to our members is to to continue to look for ways to offer value-based products that connect faith and value with finances, inspiri ..read more
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Canadian banks failing to consider climate change risks, says SHARE
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3y ago
A new research report from SHARE concludes that Canadian banks have not sufficiently integrated climate change considerations into their long-term business strategies and risk management processes. The report notes that banks are particularly vulnerable to climate-change related risks because their financing activities span all sectors of the economy. Despite this exposure, however, Canada’s banks are not adequately considering the potential impacts of climate change in the way that they do business, the report notes. “Canada’s banks are failing to demonstrate to their shareholders that th ..read more
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Conflict Minerals Reporting still a work in progress
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3y ago
From the Wall Street Journal Tuesday August 4th, 2015 U.S. Firms Struggle to Trace ‘Conflict Minerals’ Dodd-Frank requirement to disclose metals in supply chain connected to war-torn region proves costly By Emily Chasan emily.chasan@wsj.com                    Hundreds of U.S. public companies are coming up short as they face a deadline to reveal whether their supply chains contain even trace amounts of minerals linked to violence in Africa. In all, companies shelled out roughly $709 million and six milli ..read more
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EIRIS Foundation launches database of companies doing business in occupied lands of Palestine and Crimea
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3y ago
In an effort to improve transparency as well as to provide objective ethical finance information, the EIRIS Foundation has launched a new online database of companies operating in the occupied territories of Crimea and Palestine.  "For the first time, businesses, civil society, media and the investor community will have access to objective and comprehensive information about corporate operations in these two occupied territories," EIRIS said in a release announcing the project.  The project was undertaken by the EIRIS Conflict Risk Network, putting to use its extensive expertise ga ..read more
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