IFIC Makes Submission to the CFA Institute on ESG Disclosure Standards for Investment Products
July 14, 2021 (Toronto) – The Investment Funds Institute of Canada (IFIC) today filed its submission to the CFA Institute in response to its ESG Disclosure Standards for Investment Products consultation.
“As the demand for ESG and responsible investment products continues to grow, we welcome the CFA’s efforts to develop these voluntary standards,” said Paul C. Bourque, president and CEO, IFIC. “While the provisions are helpful in establishing meaningful disclosure elements, further guidance is needed to reduce the risk of ‘greenwashing’ and avoid investor confusion.”
In its submission, IFIC made the recommendation that the CFA work towards incorporating standards for naming and categorizing ESG investment products into the ESG Disclosure Standards.
The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation.
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