St. Michael s College works to move investments to sustainable options
St. Michael s College works to move investments to sustainable options By Michael Swan, The Catholic Register February 25, 2021
$178 million might be a lot of money or it might not be anywhere near enough. It all depends what you want to do with it.
But the relative might of the University of St. Michael’s College’s endowments and pension funds isn’t the big question for the University of Toronto’s Catholic college. Instead the 169-year-old institution is asking itself, what’s the right thing to do with our investments?
St. Michael’s is the only Canadian Catholic college to join in a new network of universities who have pledged to use their investments to nudge corporate Canada into action on climate change. The University Network of Investor Engagement, or UNIE, includes some of Canada’s largest higher education institutions, including University of Toronto Asset Management, York Universi