The Canadian Investment Funds Standards Committee (CIFSC) Requests Comment on a proposed Responsible Investment Identification Framework

TORONTO, (April 13, 2022) – The Canadian Investment Funds Standards Committee (CIFSC) requests comment on an updated proposal of a Responsible Investment Identification Framework. The CIFSC’s goal is to meet the need for an objective, comprehensive list of Canadian responsible investment funds allowing investment fund manufacturers and investors to align on common language and terms. The full proposed framework can be viewed here.

Following this release, there will be a 60-day comment period. Comments will be accepted up to and including June 15, 2022. Comments will be received through the CIFSC website here: Please aim to be constructive with comments, providing alternate solutions where appropriate.

“We are pleased with the level of engagement and interest from industry stakeholders since the initial framework proposed in 2020. Since that time, much has developed globally around responsible investing, and interest from investors continues to accelerate. To this end, we believe this framework will serve as a great resource for Canadian investors seeking comparability across funds using similar responsible investment approaches. Moreover, we’ve designed the framework to complement local regulatory developments and align with global industry frameworks to ensure adaptability,” said Ian Tam, CFA, Chair of the CIFSC.

About the CIFSC:
CIFSC is made up of leading investment fund data publishing and analysis firms, consultants and other industry participants. Fund managers and distributors are not permitted to be direct members of the Committee, although input from these participants is received through membership of their representative trade associations. The Committee welcomes interested parties that are directly involved in the dissemination of investment fund data, and selected industry, investor and regulatory representatives. Since many of the Committee members are competitors in the marketplace, it is imperative that the Committee governs itself in a democratic fashion.