Canada’s credit unions: Your partner for responsible investment
T oday when Canadians sit down with their investment advisor, they don’t just have the choice of slow growth or high risk investments. They can also choose to put their money into funds and equities that promise a good return with transformative social impact. Credit unions are working harder than ever to help advance responsible and impact investing, making sure that Canadians’ financial well-being also benefits people and the planet.
Your credit union deposits provide capital to support loans for local entrepreneurs and small business owners tackling pressing issues like food security, climate change and First Nations reconciliation.
For example, in 2016, Kindred Credit Union in southwestern Ontario became the first Canadian financial institution to validate all Guaranteed Investment Certificates (GICs) as socially responsible investments. Work Kindred did with Sustainalytics created a best-in-class screening approach to validate all investments as socially and environmentally sustainable.
Today, over nine per cent of individual investor assets under management at credit unions are held in responsible investment funds, compared with an industry average of 7.8 per cent.
Credit unions are leading impact investing in Canada, an approach that intentionally directs capital to enterprises that have positive environmental or social impacts. A new guide developed by and for credit unions explores ways to make impact investing accessible for all Canadians, not only institutional investors. This research is available at
Learn more about Canada’s credit unions by visiting