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The value of portfolios classified as responsible investments (RI) dropped from $3.2 trillion on December 31, 2019, to $3 trillion at the end of 2021, according to the 2022 Canadian Responsible Investment Trends Report published last week by the Responsible Investment Association (RIA). .
Under the new rules, asset managers will now e able to offer multiple ESG funds under a series of defined strategies, including Exclusion, Integration, Best-in-class & PositiveScreening, Impactinvesting, Sustainable objectives, and Transition or transition related investments.
In October , the European Securities and Markets Authority (ESMA) published research which showed funds with an ESG-related label attract higher inflows. The growing use of ESG-related language in fund names and documentation without transparency and underlying evidence increases greenwashing risk, ESMA warned.
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