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The CSA’s intention is to set clear expectations for disclosure relying on how ESG components are built-in into the funding strategy of a fund.
Based mostly on the present regulatory framework, this steerage touches upon varied elements of fund disclosure, together with funding goals, fund names, funding methods, dangers, ongoing disclosure necessities, and gross sales communications.
It’s designed to cater to several types of funding funds, whether or not they market themselves as ESG-focused or embody ESG concerns as a part of their funding technique.
Stan Magidson, CSA chair and CEO of the Alberta Securities Fee highlighted the significance of this up to date steerage within the context of rising curiosity in ESG investing and the dangers of greenwashing.
Magidson acknowledged, “Amid sustained public curiosity in ESG investing and the potential for greenwashing, the CSA’s up to date steerage is geared toward bringing higher readability and consistency to ESG-related fund disclosure and gross sales communications, which is able to in the end assist traders make extra knowledgeable funding selections.”
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