CIFSC Requests Comment on a Proposed Responsible Investment Identification Framework
The Canadian Investment Funds Standards Committee (CIFSC) has released a second draft of its responsible investing identification framework for mutual funds, ETFs, segregated funds and pooled funds. The disclosure-based framework aligns with CSA guidance and CFA standards, classifying the universe of Canadian-listed and domiciled responsible, sustainable and ESG funds into six proposed categories. The framework aims to create a consistent language to assist with investor understanding and facilitating fund performance comparisons. With a focus on the usefulness for Advisor’s and their discussions on ESG funds with their clients, IIAC will be reviewing the framework and providing comments.