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St Michael s College works to move investments to sustainable options

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

NewCa com: Canadian universities unite as investors to help

- The University Network for Investor Engagement (UNIE) initiative targets greenhouse gas emissions and climate risk at companies across the economy. - A coalition of Canadian university endowments and pension plans is launching a new initiative through SHARE, a non-profit investor advocacy organization, to engage investee corporations on climate change risks. On behalf of the new University Network for Investor Engagement (UNIE) initiative, SHARE will engage with North American public companies held in university endowment and pension portfolios to address pervasive risks associated with climate change. The UNIE initiative will focus on key sectors where advocacy can make the biggest difference, including finance, transportation, energy and utilities, and manufacturing.

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