Home Breadcrumb caret Industry News Breadcrumb caret Industry Credit union offers SRI-qualified GICs Mennonite Savings and Credit Union has become the first Canadian financial institution to make sure all its GICs qualify as socially responsible investments (SRI). By Staff | January 8, 2016 | Last updated on January 8, 2016 1 min read Mennonite Savings and Credit Union has become the first Canadian financial institution to make sure all its GICs qualify as socially responsible investments (SRI). The SRI investment approach has typically been associated with mutual funds and market investments. Sustainalytics helped MSCU develop socially responsible lending criteria, which include the screening of business borrowers to determine whether they’re involved with industries tied to alcohol and tobacco, for example, and whether the activities of such borrowers have any negative impacts on the environment and human rights. After six months, Sustainalytics reviewed MSCU’s loan portfolio to validate its compliance with socially responsible criteria. Responsible investing is becoming more prevalent in Canada, says the Responsible Investment Association. It finds the RI market includes more than 30% of Canadian assets under management. Read: Ethical investing in trusts Morningstar to score funds’ environmental, social and governance impacts S&P Dow Jones launches 3 climate change indices Why one fund company won’t dump fossil fuels Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo