Overall Rating Gold
Overall Score 72.00
Liaison Jessica Krejcik
Submission Date Dec. 22, 2021

STARS v2.2

Concordia University
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 2.00 / 2.00 Marc Gauthier
Finance and Business Operations
"---" indicates that no data was submitted for this field

Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:

The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:

Joint Sustainable Investment Advisory Committee (JSIAC)

The overall mandate of the committee will be to make recommendations to their respective governing bodies on socially and environmentally responsible investment opportunities. Establishing the JSIAC provides a structure for fostering dialogue on investment decisions in order to advance discussions that promote sustainability.

In particular, the JSIAC will explore and exchange on the sustainable investment practices of both the CUF and funds held and managed by the student associations.

Does the CIR include academic staff representation?:

Does the CIR include non-academic staff representation?:

Does the CIR include student representation?:

Members of the CIR, including affiliations and role:

The JSIAC includes representatives from the Concordia Student Union (CSU), the Graduate Students Association (GSA), Divest Concordia, the Concordia University Foundation (CUF, which include Concordia staff from the Office of the Chief Financial Officer) and two faculty members with expertise in the area of sustainable investing.

Examples of CIR actions during the previous three years:

The JSIAC has up to four meetings per year where many discussions are held about social risks and climate change, the Concordia University impact investments and other sustainability plan strategies for the University's investments.

Concordia University Foundation (CUF), which is represented in the JSIAC committee, has implemented the Responsible Investment Policy through the hiring of new portfolio managers that integrate ESG considerations into their investment decision process.

CUF has also filled its first UNPRI report, and have also sourced and allocate around 50% of its impact investment target allocation.

In addition, CUF is also committed to allocate zero per cent of its investments to the oil and gas sectors, 100 per cent in sustainable investments and 10% towards impact investments by 2025.

In 2017, the JSIAC requisitioned a report on sustainable investing in universities: The growing field of sustainable investing by universities: its progress, performance and benefits which study the impact of sustainable investment movements on colleges’ endowments, reputation, and enrollment figures, and offers recommendations to governing bodies on socially and environmentally responsible investment opportunities.

Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:

Data source(s) and notes about the submission:

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