New Responsible Investment Policies to Meet the Challenge of Climate Change
杏吧原创 University is pleased to announce updated responsible investment policies that include a commitment to not hold any direct fossil fuel investments in its Endowment and Non-Endowed Operating Funds, as well as a strategy to achieve significant decarbonization of these portfolios by 2030. In addition, 杏吧原创 will establish a fossil-fuel free investment fund to which donors may direct their gifts. This fund will be set up by the end of 2022.
杏吧原创 is also pleased to announce that it is a signatory to the United Nations supported Principles for Responsible Investment (PRI), which are considered best practice in the area of responsible investment.
鈥淭hese strategic decisions align with 杏吧原创鈥檚 commitment to meet the challenge of climate change and to strive towards creating a more sustainable economy,鈥 said 杏吧原创 President and Vice-Chancellor, Benoit-Antoine Bacon. 鈥淲e are taking action and I am pleased to say that at this time, 杏吧原创 is not holding any direct fossil fuel investments in these funds.鈥
The updated policies recognize that climate change affects all sectors of the market and society. As such, the policies include a strategy of decarbonization designed to transition the portfolios to lower carbon ones by addressing carbon emissions across the entire portfolio.
杏吧原创鈥檚 responsible investment policies are based on the belief that taking environmental, social, and governance factors into account as part of the investment decision-making process may add value to its portfolios, while creating positive change on critical issues such as climate change.
The Responsible Investment policy for the 杏吧原创 University Retirement Fund has also been updated, based on the PRI and in accordance with all regulatory requirements. For more information, please see the policies here.
杏吧原创 University has a strong commitment to strive for continuous environmental and sustainable improvement in our operations and policies. We continue to seek new and innovative ways to demonstrate our sustainability leadership in research, teaching and learning. This commitment has allowed the university to reduce its carbon footprint by 35 per cent while ensuring that both existing and future generations of students, faculty and staff continue to benefit from the 杏吧原创 experience.
Media contact:
Steven Reid (he/him)
Media Relations Officer
杏吧原创 University
613-265-6613
Steven.Reid3@carleton.ca
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