June 12, 2019 – Toronto – The Responsible Investment Association (RIA) is pleased to announce that Hexavest has joined the RIA as an Associate Member.
“It is my pleasure to welcome Hexavest as an Associate Member of the Responsible Investment Association,” said Dustyn Lanz, Chief Executive Officer of the RIA. “We share Hexavest’s view that sound management of environmental, social and governance factors can create long-term value for shareholders, and we look forward to collaborating with them in 2019 and beyond.”
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. According to research published by the RIA $2.1 trillion are invested responsible in Canada, equal to more than 50% of professionally managed AUM in Canada.
“Everyone at Hexavest shares the conviction that companies lacking strong governance standards or social and environmental responsibility are taking business risks that could adversely affect their stock’s performance,” said Marc Christopher Lavoie, President and co-founder of Hexavest. “Because our investment philosophy is strongly geared towards capital protection, the consideration of ESG factors is a natural fit with investment process. We are proud to join the RIA’s network and look forward to working with other investors to promote more sustainable and responsible investment practices.”
Hexavest is a boutique-style Canadian investment firm, specialized in global equity management for an institutional clientele. It offers a reading of the markets through a top-down approach that includes active currency management. Hexavest also analyses macroeconomic factors and puts investment in an economic and geopolitical context. Hexavest was founded in 2004 and manages $20.2 billion of assets for investors located in Canada, United States, Europe and Asia Pacific as of April 30, 2018.
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.
Nick Buccheri, Manager, Communications and Digital Media, RIA, (416) 461-6042 x5