- ecologyst is committed to durable clothing, sustainably produced in Canada.
- ecologyst has used video for a number of years to tell the stories of human’s impact on the planet through ecologyst ambassadors in the outdoors in ecologyst apparel.
- The District is a Vancouver based media company specializing in the development of music sharing communities across major content platforms such as YouTube, Spotify, Apple Music, Facebook and Amazon.
VICTORIA, British Columbia, Aug. 24, 2020 (GLOBE NEWSWIRE) — ecologyst has long taken a stand on ethical, sustainable apparel, since they were founded as Sitka in Victoria, B.C. nearly 20 years ago. The company has followed its mission to leave the planet better than we found it. To do this, ecologyst has developed vertical production in Victoria, with sustainable fabrics, made in small batches which is sold online and in its flagship stores in Victoria and Whistler.
It was also important to the company to tell the story of human’s impact on the world. The company invested in a videographer and photographer that could tell these stories, such as their series on the herring, #BigLittleFish. The short films also showcase the ecologyst gear in action and tell the story behind the company.
Retail has seen an unprecedented acceleration of change due to COVID. Statistics Canada says e-commerce sales hit a record $3.9 billion in May, a 2.3 percent increase over April and 99.3 percent increase over February. E-commerce sales have more than doubled year over year, with a 110.8 percent increase compared with May 2019. For ecologyst, they have seen even higher sales, with a 168 percent increase over the last three months compared to 2019. Online media, such as videos has become an important part of online business.
Josh Carr-Hilton, an entrepreneur and founder of The District, said, “I respect what ecologyst represents in the retail sector. Their locally made, sustainably sourced manufacturing standards represent a model I want to see succeed in our current climate. The opportunity to invest in a company whose team and brand so honestly and authentically represent standards I wish to endorse in retail is what drew me to this opportunity. Together we will expand on this vision and develop new profit generating publishing methods through an expanded media presence. As a strategic partner we plan to incorporate content and expand the product offering from Ecologyst across our global influence within the music sector. I’m confident that sustainable products can become a larger component of developing and mainstream musicians around the world and I see ecologyst being that partner.”
In 2018, Carr-Hilton was named one of Billboard Magazines Power players: speaking to their influence in a market that is receptive to ecologysts message of the reciprocal power of nature.
René Gauthier, Founder and CEO, said, “This funding is an endorsement of our business model that planet and profit can co-exist. We have been committed to reducing our impact on the planet, and our community has valued the stories that we have told. Working with Josh we will be able to tell the stories to a significantly larger audience. In addition, ecologyst apparel will reach a significantly larger audience.”
Already the investment has enabled ecologyst to build their media arm and start generating additional revenue, as well as telling the stories that are meaningful to the brand and the community.
Building on Carr-Hilton’s investment we want to become 20% owned by our community. We’re seeking co-owners. To invest in ecologyst head to FrontFundr for full details. www.frontfundr.com/company/ecologyst.
Attachments – Video https://www.youtube.com/embed/_mFquOjNFQY?rel=0&controls=1&showinfo=0&ena
For more information or media interviews: Victoria Bennett firstname.lastname@example.org 403 589 7992
UAE Makes Appointments to Investment Body, UN Aviation Group – BNN
(Bloomberg) — The United Arab Emirates appointed new heads to several federal committees, as well as a permanent representative to the International Civil Aviation Organization.
The UAE’s prime minister, Mohammed Bin Rashid Al Maktoum, named Thani Ahmed Al Zeyoudi as head of the federal committee for direct investment, according to the official news agency WAM. Saeed Mohammed Al Suwaidi was named as permanent representative for the UAE at the United Nations’ civil aviation body known as ICAO, WAM reported.
©2020 Bloomberg L.P.
Canadian Securities Regulators Publish Liquidity Risk Management Guidance for Investment Fund Managers – Canada NewsWire
TORONTO, Sept. 18, 2020 /CNW/ – The Canadian Securities Administrators (CSA) today published guidance to help investment fund managers develop and maintain effective liquidity risk management frameworks for investment funds.
For the purposes of this guidance, liquidity risk is the risk that a fund is unable to satisfy redemption requests without having a material impact on the remaining securityholders. A fund must be able to sell the underlying portfolio assets within a reasonable amount of time, in an orderly manner to satisfy redemption requests. Liquidity risk can increase when the liquidity of portfolio assets held by an investment fund does not match the redemption terms and conditions offered to its investors. In recent years, the management of this potential liquidity mismatch has been a key focus for regulators internationally and the asset management sector.
“Taking a preventative and proactive approach to liquidity risk management is critical to ensuring such risks are appropriately managed,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “We are publishing this guidance to support investment fund managers in their ongoing development and maintenance of robust, effective liquidity risk management frameworks.”
The guidance contemplates normal and stressed market conditions, such as the global financial crisis in 2008 or the COVID-19 pandemic, and is based on existing regulatory requirements. It also recognizes that liquidity risk management is not “one-size-fits-all.” Investment funds vary in size, structure, investor base and other fund characteristics, and what may be considered a material risk for one fund may not be material for another.
While the guidance is intended for investment funds that are subject to National Instrument 81-102 Investment Funds, many of the practices and examples outlined may be relevant to other investment funds.
Under securities legislation, investment fund managers must establish and maintain an effective liquidity risk management framework and exercise due care, skill and diligence in managing the liquidity of their funds.
Investment fund managers should contact the securities regulator in their principal jurisdiction to discuss any questions or concerns.
The CSA encourages investment fund managers to consult the global liquidity risk management recommendations developed by the International Organization of Securities Commissions (IOSCO). These recommendations are designed to help fund managers respond to stressed market conditions.
As part of its ongoing continuous disclosure review program, the CSA will continue to monitor the liquidity risk management of funds.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co- ordinates and harmonizes regulation for the Canadian capital markets.
For Investor inquiries, please refer to your respective securities regulator. You can contact them here.
For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at [email protected].
For more information:
Jason (Jay) Booth
Nunavut Securities Office
SOURCE Canadian Securities Administrators
Manulife Investment Management earns top scores from United Nations-supported Principles for Responsible Investment – Canada NewsWire
C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
An A+ was awarded for the strategy and governance, listed equity incorporation, and fixed-income SSA modules
TORONTO, Sept. 18, 2020 /CNW/ – Manulife Investment Management announced today that it has been recognized with top scores from the United Nations-supported Principles for Responsible Investment (PRI) annual assessment report. For the second year in a row, Manulife Investment Management received a score of A+ for strategy and governance from the PRI for integrating environmental, social, and governance (ESG) considerations into investment practices across a range of asset classes. An A+ was also awarded in the listed equity and fixed-income sovereign, supranational, and agency (SSA) integration modules.
Other notable achievements included:
- Manulife Investment Management’s public markets received an A in all other direct investment and active ownership PRI modules for which it was assessed. Other modules covered its investments in corporate bonds and securitized debt. Manulife Investment Management saw notable increases in its scores as compared to 2018 in areas such as: communications regarding ESG screens, and integration and implementation of analysis of the ESG information for internally managed listed equity holdings. There was also improvement in the number of companies engaged with and the intensity of engagement and effort. Similarly, for fixed income, Manulife Investment Management saw improvements in the integration and implementation of the ESG issues reviewed and its disclosure of approach with the public. For securitized, an outcome of either financial/ESG performance was also noted as an additional assessment indicator.
- Manulife Investment Management’s private markets continued to be recognized as a leader with real estate receiving an A for the third consecutive year under the property module. In addition, Manulife Investment Management demonstrated its commitment to sustainable investing within private markets by expanding the scope of the assessment in 2019 to include submissions for infrastructure and private equity, achieving a B in each respective module.
“Manulife Investment Management strives to be a leader in ESG investment practices as a responsible steward of client capital,” said Christopher P. Conkey, CFA, global head of public markets, Manulife Investment Management. “We are very proud of our investment teams for achieving an A+ for ESG strategy and governance for the second year in a row and for earning superior marks in the screening, integration, and engagements modules for listed equities and in direct fixed-income SSA. This is not only important for our clients who entrust us to implement ESG for specific portfolio goals, but also for the overall relevance of our strategies as we look to the future of investment management.”
“Sustainability is one of the keys to creating long-term value for our clients within private markets,” added Stephen J. Blewitt, global head of private markets. “It is important for us to consider sustainability because we’re generally long-term investors across a diverse range of private markets asset classes and submitting to the PRI is an opportunity for us to demonstrate transparency while tracking our progress. It is rewarding for the work we have done to be recognized.”
The key activities within Manulife Investment Management’s investment teams in 2019, which helped to achieve the PRI scores include:
- The release of its inaugural sustainable and responsible investment report in 2019.
- Increased integration in industry analysis, sovereign analysis, and securitized fixed income. Manulife Investment Management developed a proprietary sovereign ESG assessment model in 2019, which is currently in use by its investment teams as an input into credit analysis. The model produces sovereign-specific baseline views on ESG issues.
- The use of scenario analysis—a key tool for companies in demonstrating planning for climate change.
- Engagement with 724 companies in 940 separate engagements across all investment teams. In 2019, 26% of engagements had an environmental factor focus, 20% had a social factor focus, and 54% had a governance factor focus.
For more information on Manulife Investment Management, please visit manulifeim.com/institutional
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.
As of June 30, 2020, Manulife Investment Management had CAD$900 billion (US$660 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
SOURCE Manulife Investment Management
For further information: Media contacts: Brooke Tucker-Reid, Manulife Investment Management Canada, 647-528-9601, [email protected]; Elizabeth Bartlett, Manulife Investment Management US and Europe, 857-210-2286, [email protected]; Carl Wong, Manulife Investment Management Asia, 852-2510-3180, [email protected]
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