The Globe and Mail reports in its Wednesday edition that four in 10 Canadian institutional investors plan to launch impact funds this year, according to a survey that suggests money managers are again banking on financial rewards from climate-change solutions. The Globe's Jeffrey Jones writes that the positive outlook from the environmental, social and governance field is among the findings in a report by the sustainability consultancy Millani that show many pension funds and asset managers believe they can meet their financial obligations while also prioritizing environmental or societal results. The trick for investors and regulators will be keeping up with increasingly sophisticated disclosure standards that are taking their place alongside financial reporting. Impact funds emphasize outcomes in specific areas, such as renewable energy, sustainable agriculture or microfinance, along with long-term returns. Millani found that of 32 large institutions it surveyed, 43 per cent plan to launch impact products in 2024. Some of the organizations surveyed included AGF Management, Addenda Capital, AlphaFixe Capital, CIBC Asset Management, Jarislowsky Fraser Global Investment Management and University Pension Plan Ontario.