The RIA aims to drive the growth and development of RI in Canada, with a vision to align capital with sustainable and inclusive development as codified in the Paris Agreement and the UN Sustainable Development Goals. [...] With the reporting change in approach and methodology, the size and composition of the reporting sample in the 2022 survey are different from the 2020 survey, which may account for some of the variance in reported AUM( 41% of 2022 respondents also completed in 2020, 36% of respondents were new in 2022 and 22% of responses were completed via desk research). [...] With • One-third of respondents have signed respondents ranking climate change as the on to a GFANZ alliance top ESG issue in investment decisions and engagement activities, and as the window of • The vast majority are measuring, or opportunity to avoid the worst effects of climate planning to measure, their carbon change closes, we intend to continue to track intensity developments in this area i. [...] 2022 Canadian RI Trends Report / 32 THE FUTURE OF RI: INDUSTRY OUTLOOK We asked survey respondents to share their AT A GLANCE outlook for the growth of responsible investing over the next two years and share their views on the major challenges and drivers for the growth • Expectations for RI growth are of RI in Canada. [...] Considering the growing interest in responsible investments and the number of retail products being launched, the CSA sought to reduce the potential for “greenwashing”, whereby a fund’s disclosure or marketing intentionally or inadvertently misleads investors about the ESG-related aspects of the fund.19 FIGURE 18 MAJOR DETERRENTS TO GROWTH IN RI Major deterrents to growth in RI Mistrust/concerns a.
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- 37
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- Canada
