(photo by Nick Iwanyshyn)
The University of Toronto is joining forces with other Canadian universities to engage with companies to address investment risks associated with climate change.
The new University Network for Investor Engagement (UNIE) coalition will engage with companies that are held in its members’ investment portfolios. Its largest founding member is the University of Toronto Asset Management Corporation (UTAM), which manages U of T’s pension, endowment and short-term working capital portfolios, valued at around $13 billion.
The initiative will be co-ordinated by SHARE, a non-profit organization that specializes in responsible investment services, and will focus on sectors where advocacy can make the biggest impact, including finance, transportation, energy and utilities, and manufacturing.