The RIA aims to drive the growth and development of RI in Canada, 2020 RIA Investor Opinion Survey with a vision to align capital with sustainable and inclusive development as codified in the 2019 RIA Investor Opinion Survey Paris Agreement and the UN Sustainable Development Goals. [...] According to the RIA’s most recent assessment of the size of the RI market in Canada, total reported RI assets were $3.0 trillion at the end of 2021.3 Retail RI mutual fund and ETF assets stood at approximately $33 billion4, representing a small fraction of the total RI market. [...] NBS can be deployed to protect and restore the natural environment, and tackle the twin threats of climate change and biodiversity loss.12 COP15 & TNFD At the time of writing, parties to the United Nations Convention on Biological Diversity are gathering in Montréal to negotiate the Post-2020 Global Biodiversity Framework (GBF), with the aim of protecting nature and halting biodiversity loss aroun. [...] WHAT ARE THE RISKS OF BIODIVERSITY LOSS TO THE FINANCIAL SYSTEM? The NGFS identified how biodiversity loss poses two major risks to the financial system – analogous to the risks of climate change: Biological risk: Risks associated with the loss of ecosystem services: raw materials; the regulation of climate, water, pollution and disease; recreation; tourism; and human health. [...] 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.16 Additionally, in Canada, the Canadian Investment Funds Standard Committee (CIFSC) has published.
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