Impact investing gains traction in Canada
By James Langton
Assets devoted to impact investing in Canada have almost doubled over the past two years, and are set to grow further, according to a report from the Responsible Investment Association (RIA) and Rally Assets published Thursday.
The 2018 Canadian Impact Investment Trends Report says total assets under management (AUM) in impact investments — companies, organizations, or funds that aim to create a positive social or environmental impact in addition to a financial return — rose to $14.75 billion as of Dec. 31, 2017, from $8.15 billion at Dec. 31, 2015.
Photo courtesy of Samuel Auguste.