The Canadian Institute of Chartered Accountants welcomed recommendations for greater integration of environmental, social and governance considerations into decision making.
The proposals were made by the National Round Table on the Environment and the Economy (NRTEE), and the NRTEE's task force on capital markets & sustainability has produced seven recommendations for those involved in Canada's capital markets.
Among the recommendations are that financial institutions disclose environmental, social and governance (ESG) considerations and an investment policy, and are encouraged to sign up to the United Nations-sponsored Principles for Responsible Investment.
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