On October 26, 2017, MD Financial Management, along with 25 of Canada’s other asset managers, signed a declaration supporting improved disclosure by Canada’s public companies about their exposure to the risks of climate change. The declaration was prepared by the Responsible Investment Association (RIA) in conjunction with Finance Montreal.
“We signed the declaration because we believe that having access to increased disclosure by the Canadian companies in which we could invest will give us greater insight into how this risk might affect investment outcomes for our clients,” said Brian Peters, President and Chief Executive Officer of MD. “Our support for this declaration will not change how we assess risk as part of our process. However, increased disclosure and greater transparency by Canada’s public companies will enable us to make more informed investment decisions—and better serve our clients.”
Increased disclosure by Canada’s public companies will enable all active investors in Canada to more accurately evaluate climate change, and its associated cost, as part of their risk assessments.
The signed declaration can be found on the Finance Montreal website at http://bit.ly/Declaration_Eng.
About MD Financial Management Inc.Owned by the Canadian Medical Association, MD has one main goal: to help Canada’s physicians achieve financial well-being.
MD has more than $45 billion in assets under administration and is dedicated to serving Canada’s physicians and their families. It provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
Victoria Savoy, Communications Specialist
MD Financial Management