Category: News

Highlights from Q2 2022

• Continuing the trend of Q1 2022, the universe of responsible investment (RI) funds in Canada experienced another challenging quarter for performance, as just one-quarter of funds outperformed the average return in their respective asset class category.
• Net asset flows to Canadian-domiciled RI funds in the second quarter of 2022 remained positive at $1.9 Billion, although this was lower than the $2.2 Billion of RI funds flows in the previous quarter.
• Fourteen new RI products were launched in the quarter, of which 1 was an RI ETF and 13 were RI mutual funds. Year-to-date 2022, 42 new RI funds have launched.

RI Fund Performance

According to data provided by Morningstar, one-quarter (23%) of all Canadian-domiciled RI funds (including RI mutual funds and ETFs) outperformed the average return in their respective asset class category during the quarter ending June 30, 2022. For the 12-month period, a similar proportion (25%) of Canadian RI funds outperformed their average asset class return.

The following charts provide a quick overview of notable RI fund performance relative to their asset class peers, in the second quarter of 2022 and over longer time periods.

Canadian Equity

For the Canadian Equity fund class, in the second quarter of 2022, just 20% of the RI funds outperformed the average asset class return for the category. Over each of the 3- year, 5-year and 10-year periods reviewed in this report, the average RI fund return in this category outperformed their respective average asset class return in the period.

US Equity

In the US Equity fund class, only one-quarter (28%) of the RI funds outperformed the average asset class return in the 12 months ending June 30, 2022. Relative performance for the average RI fund in this category was stronger over the 5- year and 10-year periods reviewed in this report, compared to their respective average asset class return in the period.

Global Fixed Income

In the Global Fixed Income fund class, 20% of the RI funds outperformed the category’s average return over the 12 months ending June 30, 2022. In the 3-year period reviewed in this report, a majority (70%) of the RI funds in this category outperformed the average asset class return, while close to one-half (46%) outperformed the average asset class return over the 5 years ending June 30, 2022.

Global Fixed Income Balanced

In the Global Fixed Income Balanced fund class, 20% of the RI funds outperformed the average asset class return over the 12 months ending June 30, 2022. Over the 3-year and 5- year periods reviewed in this report, close to one-half (47% and 46%, respectively) of the RI funds outperformed the average asset class return.

Note: For the purpose of this report, RI funds include those that are marketed as responsible investments with RI strategies/policies disclosed in regulatory documents. Average asset class return includes RI and non-RI funds. Only the oldest share classes of RI funds were included in the analysis against category averages. Returns for periods greater than one year are annualized. Excludes fund-of-funds.

RI Fund Flows

Net asset flows for Canadian-domiciled RI mutual funds and ETFs, estimated by Morningstar, remained positive in the second quarter of 2022. Total estimated flows in Q2 amounted to $1.9 Billion. Total RI fund assets under management declined to approximately $31.5 Billion, compared to $33 Billion at the end of Q1 2022.

Canadian RI Mutual Fund and ETF Estimated Net Flows, Active & Passive

Source: Morningstar Direct. Data as of June 30, 2022. Excludes fund of funds.

RI Product Launches

According to Morningstar, there was a significant slowdown in RI product launches in Q2 2022. In total, fourteen new RI funds were launched in the second quarter of 2022, one-half of the number launched in Q1. Year-to-date 2022, a total of 42 RI products have been launched.

Canadian RI Mutual Fund and ETF Launches

Source: Morningstar Direct. Data as of June 30, 2022.

 

Download Q2 2022 Highlights PDF.

RIA Members can download the full report by logging in to their account and accessing Member Resources.

Data provided by

©2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

---

Disclosure
The information contained in this report is for educational and general information purposes only. The information contained herein does not constitute advice nor does it constitute an offering of securities or any advertisement for the offering of securities. You should not act or rely on the information without seeking professional advice. While we believe the information to be reliable [and endeavour to keep the information up to date and correct], we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, timeliness, suitability or availability with respect to the report or the information, products, services or related graphics contained in the report for any purpose. The RIA does not endorse, recommend or guarantee any investment products listed in the report.

Congratulations to Canada’s newest recipients of the RIA’s financial credentials in recognition of expertise in responsible investing. View a full list of RIA credential holders here.

Learn more about the RIA’s training and credentials here.

Shamsuddin (Sam) Talukder (RIS), Vancity
Jacques Beaulieu (RIS), GCI
Riley Bell (RIS), Credential Asset Management
Daniel Bernatchez (RIS), Caisse d’économie solidaire
Joanie Bessette (RIS), David Veilleux Services Financiers
David Bessette (RIS)
Kahina Bououni (RIS), Desjardins, caisse d’économie solidaire
Constance Bourget (RIS), Caisse d’economie solidaire Desjardins
Mathieu Braën (RIS), Desjardins
Jennifer Anne Broad (RIS), Credential Financial Strategies
Caroline Charest (RIS), Services Financiers Caroline Charest
Carolina Cvetanovski (RIS), Libro Credit Union
Gwen Davidson (RIS), RCU Insurance Services Ltd
Dave Desmarattes (RIS), Desjardins
Shirley Fagnen (RIPC)
Alexandra Foisy (RIS), David Veilleux Services Financiers
Alexander Frei (RIS)
Alexandre Gagnon (RIS), Apogée Groupe Financier 360 inc
Mylène Gagnon (RIS), Optima Services Financiers
Audrey Gaudreault (RIS), David Veilleux Services Financiers
Claire Hallam (RIS), IG Wealth Management
Jeremy Hendrikx (RIAC)
Ahmed Jaleel Sadozai (RIS), Island Savings – A Division of First West Credit Union
Jun Jie Huang (RIS), Vancity
Frederick Johnson (RIS), Desjardins Financial Security Investments Inc
Harmanpreet Kaur (RIS), Vancity
Alireza Kebritchi (RIS), Vancity Credit Union
Colin Kirby (RIS), Kingdom First Financial
Emmanuelle Lafond St-Hilaire (RIS), Caisse Desjardins des Patriotes
Neil Lamb (RIPC)
Pier-Olivier Lebrasseur (RIS), UNI Coopération Financière
Lydia Li (RIS), Vancity Credit Union
Rodger Peter Martens (RIS), EthicWest Financial
Kasia Maves (RIS), Rob Webster Insurance Inc / Co-operators
Brian McCloskey (RIS), Vancity
Karine Melancon (RIS), Investia
Vincent Pelle (RIS), Service en placements Peak
Khushali Pindoriya (RIS), Steinbach Credit Union
Chan Quang Huynh (RIS), Credential Securities / Steinbach Credit Union
Marie-Hélène Quirion (RIS), GFM Groupe Financier
Marie-Hélène Quirion (RIS), GFM Groupe Financier
Devika Rajeev Jha (RIS), Vancity
Matthew Renyard (RIS), Vancity
Clifford Robertson (RIS), Richardson Wealth
Seth Roebuck (RIS), 1st Choice Savings and Credit Union
Paul Sahota (RIAC)
Harman Singh (RIS), Vancity
Soumitra singha Roy (RIS), Vancity
Jonathan B. Therrien (RIS), Assante – Major Gestion Privée
Franz Vickerson (RIS), Summit Financial Planners Inc.
Robert Webster (RIS), The Cooperators-Rob Webster Insurance Inc.
Abir Zouieni (RIS), Vancity

Congratulations to Canada’s newest recipients of the RIA’s financial credentials in recognition of expertise in responsible investing. View a full list of RIA credential holders here.

Learn more about the RIA’s training and credentials here.

Geoff Aselstine (RIS), IA Clarington Investments
Stephen Barrett (RIS), Libro Credit Union
Joshua Z Bowden (RIS), Edward Jones
Cameron D Brown (RIS), Mainstreet Credit Union
Craig Butler (RIS), CIBC Wood Gundy
Adrian Chuo (RIS), Vancity Credit Union
Patrick Ciccone (RIS), Desjardins
Allison Deziel (RIS), WFCU Credit Union
Mark Dickens (RIS), Investors Group Wealth Management
Tracy Drouillard (RIS), Mainstreet Credit Union
Shawn Gethke (RIS), Credential Asset Management
Jon Gillan (RIS), Credential Asset Management
Pouyan Hashemi (RIS), Prospera
Greg Hebert (RIS), Servus Wealth Strategies
Jamie Holmes (RIS), Servus Wealth Strategies
Alfred J. LeBlanc (RIS), Investia Financial Services Inc
Johanna Jones (RIS), PenFinancial CU & Credential Asset Mgt.
Tyson Kash (RIS), Desjardins
Michael Laskaris (RIS), CIBC Wood Gundy
Tyler Laurindo (RIS), Kindred Credit Union
Daniel Lok Man Tam (RIS), Vancity Credit Union
Grant Lycouretzos (RIS), Desjardins
Robert McMann (RIS), Meridian Credit Union
Maureen McMillan (RIS), Credential Securities
Angela Michelle McNeil (RIS), CU Financial Management
Baneet Mehndhiratta (RIS), Vancity
Clara Monk (RIS), Northern Credit Union
Paola Novella (RIS), Kindred Credit Union
Rhonda Oakden (RIS), Westoba Financial Solutions Ltd.
Abisola Oladeinde (RIS), Kindred Credit Union
Emily Pereira (RIS), Alfonsi Torosantucci Financial Group
Shayan Ramazankhani (RIS), VanCity Savings Credit Union
Lucas Rodrigues Gil (RIS), Ridge Planning Group Inc.
Chandra Roy (RIS), Vancity Credit Union
Avnit Sachar (RIS), Vancity
Douglas Santos Araujo (RIS), Vancity Credit Union
David Robert Schmidt (RIS), IG Wealth Management
Anita Shah (RIS), Self Employed
Elle Sharma (RIS), Desjardins Wealth Management
Adrian Skakie (RIS), CIBC Wood Gundy
Nicholas Toigo (RIS), Desjardins
Debbi Tonnies-Violette (RIS), PenFinancial Credit Union
Xinning Yu (RIS), Libro Credit Union

Congratulations to Canada’s newest recipients of the RIA’s financial credentials in recognition of expertise in responsible investing. View a full list of RIA credential holders here.

Learn more about the RIA’s training and credentials here.

Ali Ahrabi (RIS), VanCity
Mitchell Austin Harder (RIS), WFCU Credit Union
Véronique Beauchamp (RIS)
Narjit Bhusley (RIS), Servus Credit Union
Andrea Bove (RIS), PenFinancial
Marie-Pier Collin (RIS), SFL placements Job
Frédéric Comptour (RIAC)
Tamarynn Rose Cooke (RIS), Vancity Credit Union
Dennis da Silva (RIAC)
Marlon Delas Alas (RIS), Vancity
Nilgun DeLuca (RIS), Desjardins Financial Security Investments Inc.
Aminata Diallo (RIS), Desjardins
Nathalie Falardeau (RIS), Caisse Desjardins des Rivières de Québec
Robin Fournel (RIS), Placements Manuvie Inc.
Jules E. Génier (RIS), ASSANTE – Beauce
Andrew Gibson (RIS), Secura Financial Group
Cédrick Jasmin (RIS), Valeurs Mobilières PEAK inc.
Georgia Kwok (RIS), iA Private Wealth
Simon Laberge (RIAC), Desjardins
Rosalie Diana LaRose (RIS), Affinity Credit Union Wealth Advisory Team
Madison Mailey (RIS), ScotiaMcLeod
Terry Marshall (RIS), COOPERATORS
Aleksandra Martens (RIS), Servus Credit Union
Cameron McMillan (RIS), Assante Wealth Management
Rob Moffat (RIAC)
Shane Morgan-Menzies (RIS), Affinity Wealth Management
Athen Neale (RIS), iA Clarington Investments Inc.
Mika Nenonen (RIS), Mackenzie Investments
Shane Obata (RIAC)
Oluwaseun Oluwatoyin Ladapo (RIS), Cambrian Credit Union
Alanna Park (RIS), Libro Credit Union
Antonella Parlee (RIS), wfcu Credit Union
Ilja Pauwels (RIS), Northern Credit Union and Credential Asset Management
Carole Selby (RIS), Synergy Credit Union
Brandon Thom Crowther (RIS), Desjardins Financial Security Investments Inc.
Michael Tsang (RIS), Meridian Credit Union
Jeff Valentini (RIS), Northern Credit Union
David van Berkel (RIS), Credential Asset Management
Mallika Verma (RIAC)
Brian Wise (RIS), ScotiaMcLeod
Susan Young (RIS), Peak Investment Services
Long Shu (Michael) Zhang (RIS), Vancouver City Savings Credit Union

Congratulations to Canada’s newest recipients of the RIA’s financial credentials in recognition of expertise in responsible investing. View a full list of RIA credential holders here.

Learn more about the RIA’s training and credentials here.

John-Gary Aylward (RIS), JGA Wealth Group/Manulife Securities
Vincent Choquette (RIS), Services D’investissement Férique
Bruno D’Andrea (RIS), Ferique Investment Services
Louis Philip Desrosiers (RIS), UNI Financial Cooperation
Alan Dheere (RIS), Vancity
Nadim El Zein (RIS), Aviso Wealth
Austin Tyler Ficociello (RIS), WFCU Credit Union
Sarah Ford (RIS), Credential Asset Management/Libro Credit Union
Michael Wesley Fouhse (RIS), Synergy Credit Union
Robert Gallant (RIS), Gallant Wealth/Worldsource Financial
Linda C Gratton (RIS), Canada Life
Jingyue Kang (RIS), Vancity
John Kerrigan (RIS), Vancity
Simon Laberge (RIAC), Desjardins
Drew Macartney (RIS), Belmont Wealth Management
Pat Magliaro (RIS), IPC Investment Corp. | Magliaro Financial Planning
Deborah McCulloch (RIS), Investia Financial Services Inc.
Amelia Naidoo (RIS), David Miner & Associates
Dragos Nina (RIS), Assiniboine Credit Union
Aidan Scott O’Neal (RIS), Aviso Wealth
Konstantinos Paraskevopoulos (RIS), IA Clarington Investments
Sebastien Pare (RIS), ScotiaMcLeod
Kaaiz Rana (RIS), Servus Credit Union
Brandon Sanders (RIS), Kindred Credit Union
Henry Sanvictores (RIS), Assiniboine Credit Union
Brent Savoie (RIS), Uni Coopération Financière
Sheraya Sims (RIS), Meridian Credit Union
Harsh Teckchandani (RIS), Worldsource Wealth Management Inc.
Christopher Thompson (RIS), Edward Jones
Stephen Turple (RIS), Sun Life
Valérie Villiard (RIS), Caisse Desjardins des Patriotes
Shawn Wakim (RIS), Desjardins
Karla Webster Gill (RIS), SEI
Taylor White (RIS), Vancity
A.J. Wrenn (RIS), Servus Credit Union
Ryan Young (RIS), Peak Investment Services

On June 21, 2022, the RIA held its 2022 remote AGM via Hopin. The AGM included the re-election of Roger Beauchemin, President and CEO, Addenda Capital, as Chair of the RIA’s Board of Directors as well as the election of four new board members:

Adelaide Chiu – VP, Head of Responsible Investing & ESG Services, NEI Investments

Adelaide Chiu joined Aviso Wealth as NEI Investments’ Vice President, Head of Responsible Investing & ESG Services in 2022. She leads the Responsible Investing (RI) strategy with a team of RI professionals and works in partnership with the asset management leadership team. Adelaide brings over two decades of investment management and responsible investing experience.

Geordie Hungerford – Chief Executive Officer, First Nations Financial Management Board

Geordie is the Chief Executive Officer of the First Nations Financial Management Board, one of three fiscal institutions created under the First Nations Fiscal Management Act. Geordie brings deep experience in finance and financial law, with experience as a senior investment products securities lawyer at the British Columbia Securities Commission, financial tribunal Chair and CEO at the Financial Services Tribunal (BC), management consultant at McKinsey & Company and mergers and acquisitions investment banker at Broadview (now Jefferies).

Anna Murray – Managing Director, Global Head of ESG, SLC Management

Anna Murray is Managing Director, Global Head of ESG for SLC Management. She oversees the firm’s Sustainable Investing team to integrate ESG risk management and value creation practices into investment decisions and management across the firm’s global investment platform ($334 Billion AUM).

Jackie Ramler – Portfolio Manager & Branch Manager, Raymond James Ltd.

Jackie Ramler has been a dedicated leader in the financial industry since 1995. As the only RIA north of Newmarket, in Central Ontario, Jackie has worked diligently on spreading clean investing awareness throughout the community. Hosting webinars and publishing articles in local magazines, she works to expand the exposure of how people can make a difference. Jackie makes it a priority to share her experience and skill set with non-profit, charitable and professional organizations.

The RIA would like to extend a warm thank you to outgoing board members Dominique Barker, Ian Robertson, Louis Spadacini, and Nicole Vadori for their contributions to the organization.

The Annual General & Special Meeting had a virtual turn-out of 39. In advance of the AGM the RIA offered a remote voting option for members via service provider ClickBallot. A total of 127 members voted in advance of the AGM. All AGM ballot items were passed.

Thank you to all the members who took the time to join us, and to our past and present board members. The full list of the Board of Directors can be found here.

We are hiring 4 positions on our growing team! These are great opportunities to contribute to the development of responsible investing in Canada. We are seeking a VP, Finance & Administration; Finance Administrator; Research & Membership Analyst; and a Communications Specialist.

Please feel free to forward these opportunities to suitable candidates. Interviews start immediately, so interested parties should apply as soon as possible.

VP, Finance & Administration

Reporting to the CEO, you’re a strategic thought-partner playing a critical role with the senior leadership team to enable key decision-making and operational excellence to enhance its quality programming and build capacity. Your success lies in being a hands-on and participative manager who will lead and develop an internal team to support the following areas: finance, business planning and budgeting, human resources, administration, and IT. You have a tremendous opportunity to maximize and strengthen the internal capacity and processes of a well-respected, high-impact organization. Learn More

Finance Administrator

Reporting to the VP, Finance & Administration and working closely with the Operations and Membership Teams, you will be primarily responsible for managing the day-to-day accounting processes in accounts payable and receivable, payroll and benefits, bank deposits and reconciliation, and government remittances. Learn More

Research & Membership Analyst

Reporting directly to the Director, Research & Membership, your primary role is to support the development and growth of the RIA research initiatives. You will provide a solid support foundation by developing and maintaining a centralized research database, by coordinating membership programs and project management activities as well as general administration. Learn More

Communications Specialist

Reporting to the Director of Operations, you will manage and execute marketing and communications projects in collaboration with the RIA Communications team, with an emphasis on the Climate Engagement Canada (CEC) initiative. You will work collaboratively with cross-functional teams and external partners, to deliver communications strategies, materials, and content across various channels including but not limited to social media, website, marketing collateral, educational content, and reports for the CEC Steering Committee and other stakeholders. Learn More

Climate Engagement Canada launches Focus List of corporate issuers to engage on climate risks and opportunities on the road to a net-zero future.

Today, Climate Engagement Canada (CEC) announced the CEC Focus List—forty select TSX-listed companies that will be strategically engaged in a finance-led initiative for the alignment of expectations on climate risk governance, disclosure, and the transition to a low-carbon economy in Canada.

Over the next months, engagements with the boards and senior leaders of these organizations will commence in order to spur organizational change. Through constructive dialogue, the forty focus companies will be encouraged to:

• Disclose their climate data in alignment with the best-in-class standard of the Task Force on Climate-Related Financial Disclosures (TCFD);
• Develop and implement comprehensive strategies to reduce GHG emissions across value chains;
• Align their advocacy activities, including those done through industry associations, with the goals of the Paris Agreement;
• Define accountability and oversight of climate change risks and opportunities; and,
• Set measurable targets of relevance to their sectors.

CEC’s Focus List companies have been identified as the top reporting or estimated emitters on the Toronto Stock Exchange (TSX) and/or with a significant opportunity to contribute to the transition to a low-carbon future and become a sectoral and corporate climate action leader in Canada. These firms operate across the Canadian economy in the oil & gas, utilities, mining, agriculture & food, transportation, materials, industrials, and consumer discretionary sectors. An additional six Canadian companies (CNRL, Enbridge, Imperial Oil, Suncor, TC Energy, and Teck) are already being engaged under Climate Action 100+ (CA100+), a global initiative that served as an inspiration for CEC.

“Canada’s major investors want to support the corporate sector in the transitioning economy, and understand the power of a collaborative approach,” said Barbara Zvan, CEO of University Pension Plan and Chair of the CEC Steering Committee. “Partnering to constructively and consistently engage with top emitters is critical for the success of Canada’s transition to a low carbon economy and the long-term prosperity of Canadian communities as we move toward a net zero world.”

“There are no sidelines in the climate transition,” said Kevin Thomas, CEO of SHARE—an investor network which is coordinating corporate engagement and research for CEC. “No Canadian sector will be untouched by climate change, and they each have a role to play. We’ll be expecting ambitious climate action plans from every focus company, in every sector. Our participants are serious about this, and we expect the companies on our focus list to get serious as well. It’s time to move fast and fix things.”

“It is paramount that investors work together to align capital with sustainable and inclusive development in Canada,” said Patricia Fletcher, CEO of the RIA—Canada’s industry association for responsible investment that supports the CEC’s administrative and communication efforts. “We are steadily gaining momentum as investors join issuers under the CEC initiative and move forward in having meaningful conversations with identified emitters in Canada. We are on our way to establishing a uniquely Canadian blueprint for investor-led climate action.”

The CEC Focus List of Companies:

Oil & gas | Energy (25% of focus list companies): Cenovus Energy Inc.; Pembina Pipeline Corp.; Crescent Point Energy Corp.; MEG Energy Corp.; Keyera Corp.; Tourmaline Oil Corp.; Whitecap Resources Inc.; Vermilion Energy Inc.; Enerplus Corp.; and ARC Resources Ltd.

Utilities | Utilities (20% of focus list companies): Emera Inc.; TransAlta Corp.; Fortis Inc.; Capital Power Corp.; Atco Ltd.; Brookfield Infrastructure Partners; AltaGas Ltd.; and Superior Plus Corp.

Mining | Materials (20% of focus list companies): Nutrien Ltd.; Barrick Gold Corp.; First Quantum Minerals Ltd.; Kinross Gold Corp.; Lundin Mining Corp.; B2Gold Corp.; Turquoise Hill Resources Ltd.; and Hudbay Minerals.

Agriculture & food | Consumer Staples (12.5% of focus list companies): Alimentation Couche- Tard Inc.; Saputo Inc.; Loblaw Companies Ltd.; Empire Company Ltd.; and Metro Inc.

Transportation | Industrials (7.5% of focus list companies): Air Canada; Canadian National Railway Co.; and Canadian Pacific Railway Ltd.

Other | Industrials, Materials, and Consumer Discretionary (15% of focus list companies): GFL Environmental Inc.; Waste Connections Inc.; Methanex Corp.; Stelco Holdings Inc.; West Fraser Timber Co Ltd.; and Magna International Inc.

More Information:

CEC was formally launched in October 2021 as the first Canadian, financial sector-led corporate engagement program to accelerate Canada’s transition to a low-carbon future. The program is coordinated by several investor networks including the Responsible Investment Association (RIA), Shareholder Association for Research and Education (SHARE), and Ceres. The UN-backed Principles for Responsible Investment (PRI) is also supporting the CEC. The RIA and SHARE serve as the Joint Secretariat, and the Initiative has leveraged strategic leadership from Barbara Zvan, who served as a member of Canada’s Expert Panel on Sustainable Finance and currently chairs the CEC Steering Committee.

Inspired by the Panel and its recommendation to establish a national engagement program, akin to the CA100+ initiative, CEC was developed to support a broader and more consistent dialogue between investors and Canadian issuers around climate risks and opportunities.

• Learn more about Climate Engagement Canada (CEC) here.
• Learn about the Responsible Investment Association (RIA) here.
• Learn about the Shareholder Association for Research & Education (SHARE) here.
• Learn about Ceres here.
• Learn about the Principles for Responsible Investment (PRI) here.

Media Enquiries:
Climate Engagement Canada
cec@riacanada.ca

The RIA is pleased to announce the winners and finalists of the 2022 RIA Leadership Awards, which recognize the outstanding contributions of RIA members in advancing responsible investment (RI) in Canada.

Our sincere congratulations to the Winners, whose submissions exemplified leading-edge RI projects, practices and activities. Finalists, who received the second-highest scores in their category, are commended for demonstrating excellence in RI with their competitive submissions. We thank all organizations and individuals who made submissions, as they showcased the great breadth of work that has been done and considerable momentum in the industry going forward.

Market Education (Institutional Investors & Financial Institutions)

Winner: RGP Investments
Project: ESG Head-to-Head Analysis

Finalist: Desjardins Investments
Project: 2021 RI Education Campaign: making RI accessible to all with a needs-based approach

Stewardship (Institutional Investors)

Winner: BMO Global Asset Management
Project: Climate Action: A Comprehensive Approach to Advancing the Energy Transition in Canada

Finalist: Ninety One
Project: Stewardship at Ninety One

Integration (Institutional Investors)

Winner: RGP Investments
Project: RI Advisor Toolkit Launch

Finalist: Manulife Investment Management
Project: The Integration Progression Level Ratings of Manulife Investment Management 

Process

The RIA Leadership Awards were launched in 2020 to recognize the leadership and excellence of RIA members in advancing responsible investment in Canada.

Submissions were assessed by a panel of eleven judges, who scored the submissions independently, with no communication amongst them. Submissions were scored on a scale from 1-5 for each sub-theme listed above, with 5 being the highest score. Judges submitted their scorecards to RIA staff, and staff calculated the average scores for each submission. The maximum possible score was 15. The Winners were those with the highest average score, and the Finalists had the second highest score. For detailed guidelines, please refer to the 2022 RIA Leadership Award Guidelines.

Judges are subject to a conflict of interest policy. RIA staff had zero influence on the scoring outcomes. 

All organizations and individuals who entered a submission for the Awards will receive a copy of their final scorecard, along with the scores of the Winner and Finalist in their category, and the range of scores given for all the submissions in their category.

You can find out more information about the Winner and Finalist Submissions on the Awards webpage.