Ethical Performance
inside intelligence for responsible business


Canadians see SRI assets jump

June 2005

Assets managed in Canada using a socially responsible investment approach have grown in value by more than a quarter in two years.

According to the Social Investment Organization, assets rose 27 per cent from Can$51billion ($41bn, £22bn) in 2002 to Can$65bn in 2004. The Canadian SRI trade group said the increase is partly attributable to higher stock values, but it also reflects ‘growing interest in SRI among institutional and high net-worth investors’. Institutional investors accounted for Can$46bn, retail funds Can$15bn, and the rest is mainly in venture capital and micro-loan funds.

The findings are based on data from public sources, money managers, institutional investors and community investment providers.

A Canadian SRI index has outperformed its chosen benchmarks in financial terms since its creation five years ago. The Jantzi Social Index, which tracks 60 Canadian stocks, had an annualized return of 4.13 per cent compared with 2.6 per cent for the Standard & Poor’s/TSX 60 (Canada’s 60 largest stocks by market cap), and 3.61 per cent for the S&P/TSX Composite.

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