TORONTO – August 17, 2018 – CIBC Mellon and the Responsible Investment Association (“RIA”) are pleased to announce that CIBC Mellon has become an Associate Member of the RIA.
“We are very pleased to welcome CIBC Mellon as an Associate Member of the Responsible Investment Association,” said Dustyn Lanz, CEO of the RIA. “We applaud CIBC Mellon’s commitment to responsible investment, and we look forward to working with them to promote the adoption of RI in Canada.”
The RIA is Canada’s industry association dedicated to advancing responsible investment, which refers to the incorporation of ESG factors into the selection and management of investments. RIA membership has grown rapidly in recent years as investors increasingly seek investments that align with their values and manage exposure to ESG risks and opportunities.
“As they execute their business strategies, many institutional investors today are considering the broader implications of environmental, social and governance (ESG) factors in their investment activities, in combination with traditional financial considerations,” said Janice Allen, Executive Director, Relationship Management, CIBC Mellon. “ESG focused investing has developed into a globally recognized choice for asset management. As we work to support our clients’ evolving asset servicing needs, we are excited to join many of CIBC Mellon’s clients as a member of the Responsible Investment Association (RIA), a leader in promoting the Canadian responsible investment industry.”
About Responsible Investment Association
The Responsible Investment Association (RIA) is Canada’s membership association for Responsible Investment (RI). Members include mutual fund companies, financial institutions, asset management firms, advisors, consultants, investment research firms, asset owners, individual investors and others interested in RI. Our members believe that the integration of environmental, social and governance (ESG) factors into the selection and management of investments can provide superior risk adjusted returns and positive societal impact. To learn more about the RIA, please visit www.riacanada.ca.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon’s investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, exchange-traded fund services, pension services, securities lending services, foreign exchange processing and settlement, and treasury services. As at June 30, 2018, CIBC Mellon had more than C$2 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at June 30, 2018 had US$33.6 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information, including CIBC Mellon’s latest knowledge leadership on issues relevant to institutional investors active in Canada, visit www.cibcmellon.com or follow the company on Twitter at @CIBCMellon.
Nick Buccheri, Manager, Communications and Digital Media, RIA, (416) 461-6042 x3
Jennifer Israel, Media Relations and Corporate Communications Manager, CIBC Mellon, (416) 643-6538