Canada’s First Responsible Investment Week: Opportunities and Challenges for Canadian Companies
From www.globalcompact.ca |Published on May 21, 2014
From May 26-30th, 2014, Canada will celebrate its inaugural responsible investment (RI) week. Spearheaded by the Responsible Investment Association (RIA), the week is timely given the rising momentum around RI within the global investment community.
With Canada’s first RI week set to kick off in a few days, at the Global Compact Network Canada we are reflecting on what RI means for Canadian companies and the challenges and opportunities of RI for companies.
A growing global movement
Companies and investors are simultaneously driving the rise of responsible investment globally. From the company side, Unilever is a major leader. In 2009, Unilever announced it would no longer provide quarterly profit reporting in an effort to encourage longer-term thinking and a broader conception of company value creation, with the overall goal of attracting long-term investors who consider environmental, social, and governance (ESG) factors in decision making.On the investor side, there is an increasing number of investor led initiatives, including UN Principles for Responsible Investment (PRI), CDP (formally the Carbon Disclosure Project), and read more>