January 15th, 2020 – Toronto – The Responsible Investment Association (RIA) is pleased to announce that TD Bank Group has become a Sustaining Member of the RIA.
“We are delighted to welcome TD as a Sustaining Member of the Responsible Investment Association,” said Dustyn Lanz, Chief Executive Officer of the RIA. “By taking this step, TD is strengthening its commitment to responsible investing, and they are supporting the RIA’s capacity to execute our strategic priorities. We look forward to working with TD more closely on our shared journey towards full adoption of RI in Canada’s retail and institutional markets.”
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 responsibly in Canada, equal to more than 50% of professionally managed AUM in Canada.
“As a financial institution, we have a role to play in creating a more sustainable tomorrow – and one of the greatest contributions we can make is through our business,” said Nicole Vadori, Head of Environment, TD. “Sustainable finance can accelerate the transition to a low-carbon economy while propelling new opportunities forward. It’s an opportunity to help both people and economies thrive. We’re proud to continue working with the RIA as a Sustaining Member and are looking forward to collaborating with our peers as the landscape for responsible investing continues to grow.”
TD serves more than 25 million customers in a number of locations in financial centres around the globe. The bank considers environmental and social factors across its business strategy and is a signatory to the United Nation’s Principles for Responsible Investment and Principles for Sustainable Insurance, and the Equator Principles. It is also participating in the United Nations-led pilots, which aim to develop harmonized approaches across the industry to help assess financial impacts from climate-related risks, based on the recommendations from the Task Force on Climate-related Financial Disclosures.
As part of its global corporate citizenship platform, The Ready Commitment, TD is targeting CDN $100 billion by 2030 to support a transition to a low-carbon economy through its lending, financing, asset management and other programs. To reach this, TD is investing in companies, ventures and projects that are driving innovation in, and contributing to, carbon emissions reduction and energy-efficiencies, the growth of renewable energy and clean technology, and increasing resiliency in urban green spaces.
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.
Damiano Passarelli, Communications Coordinator, RIA, (416) 461-6042 x8