Growing institutional interest in socially responsible investing(SRI)has pushed SRI assets in Canada up to $503.6 billion, according to a study by the Social Investment Organization(SIO).

That’s a 669% increase over the $65.5 billion in assets two years ago.

The study, entitled Canadian Socially Responsible Investment Review, says the increase in assets is largely the result of the recent adoption of SRI policies and practices by several large public pension funds.

Climate change, human rights and international development are generating enormous public and financial industry concern, says Eugene Ellment, executive director of the SIO. “Investment managers are now recognizing this, and adopting socially responsible investment policies and strategies as a result.”

To read the study, click here.

Last week, Morneau Sobeco released a survey that showed plan sponsors were more willing to adopt SRI policies and practices.

For another story on SRI, Wealthy Conscience, click here.

To comment on this story email craig.sebastiano@rci.rogers.com.