TORONTO, September 22, 2014 – RBC Global Asset Management (RBC GAM) and the Responsible Investment Association (RIA) are pleased to announce RBC GAM as a Sustaining Member of the RIA.
"RBC GAM has a history of commitment to corporate responsibility and to continually demonstrating a high level of dedication to the practice of responsible investment," said Daniel Chornous, chief investment officer for RBC GAM. "The RIA is a leader in promoting the responsible investment industry in Canada, as well as providing invaluable education and research on responsible investing issues. As such, RBC GAM is pleased to be able to actively support the important work of the RIA."
The RIA is a non-profit organization committed to advancing the use of environmental, social, and corporate governance (ESG) criteria in Canada's investment industry. Sustaining Members play a critical role in advancing responsible investment in Canada, providing intellectual leadership and a stable funding base to support the operations of the RIA.
"We are pleased to welcome RBC GAM as a Sustaining Member of the RIA," said Deb Abbey, chief executive officer for the RIA. "RBC GAM's membership strengthens our capacity and will support us in our ongoing effort to advance responsible investment in Canada."
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$350 billion in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.
The Responsible Investment Association (RIA) is Canada's leader on responsible investment (RI). RI refers to the integration of environmental, social and governance (ESG) criteria into the selection and management of investments. We are a national, nonprofit, membership-based organization composed of financial institutions, mutual fund companies, investment firms, financial advisors, and various organizations and individuals who practice and support responsible investing. The RIA and its members strongly believe that RI is a valuable investment tool to enhance returns, reduce risk, and catalyze positive social change.