The Responsible Investment Association, the Canadian not-for-profit membership group, has launched an online tool for investors and market participants who are seeking responsible investment advice, investment options and related services.
The RI Marketplace, the first platform of its kind in Canada, provides a “user-friendly online directory of RI products and services” available to retail and institutional investors.
It is broken down into three main categories:
Investment Products: More than 150 mutual funds, ETFs, GICs, pooled products, separately managed accounts, and segregated funds dedicated to responsible investment.
Investment Advice: An interactive map of financial advisors from across Canada and listings of financial institutions and asset managers.
Service Providers: Research companies, consultants, engagement services, lawyers, insurance, custodians and others.Investment products can be filtered by asset class, exclusions, risk rating etc. A search using the ‘institutional investor’ filter brings up offerings from NEI, Desjardins, Fidelity, AGF and many others. The filter for fossil fuel exclusions brings up a host of offerings.
“It is now easier than ever to be a responsible investor”
RIA cited evidence that 81% of Canadian retail investors would like their financial services provider to inform them about responsible investments that are aligned with their values and 87% of Canadian institutional investors are expecting moderate to high levels of growth in RI over the next two years.
“It is now easier than ever to be a responsible investor, regardless of account size,” said Dustyn Lanz, CEO of the RIA – adding that it would “continue to develop the RI Marketplace further as the market grows and evolves”.
Lanz took over as the head of RIA from Deb Abbey in 2017.
The RIA has also launched a digital magazine; it partnered with a local web development firm called PixelCarve on the new website and the RI Marketplace.