|Submission Date||Aug. 11, 2020|
University of New Brunswick, Fredericton
PA-9: Committee on Investor Responsibility
|2.00 / 2.00||
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:
UNB has an Investment Committee that has environmental, social and governance (ESG) principles included in their guiding policy. The Investments Committee meets four times per year where an ESG update is included at each meeting. The Investments Committee also meets with at least half the managers per year where ESG issues are always discussed. External investment managers have been directed to consider environmental sustainability, high standards of corporate social responsibility and corporate governance when making investment decisions. The Investments Committee has a Board approved Statement of Environmental, Social and Governance (ESG) Reporting Protocols for the Fund’s investment managers. The statement sets out the Committee’s approach to interacting with investment managers to achieve the Board’s sustainable investment objectives. The Committee also encourages fund managers to incorporate in their proxy voting guidelines policies that encourage issuers to increase transparency of their ESG policies, procedures, and activities.
The Investment Committee believes that environmental, social and governance issues are a set of factors to be considered along with all other factors when making investment decisions.
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:
P. Mazerolle - UNB President
B. Baxter - Board Member
V. Husain - Board Member (Faculty)
D. Graves-Brown - Board Member
T. Gribbons - Board Member
B. Forbes - Board Member (Student)
C. Fernandez - Board Member (Student)
C. Boyle - Advisor
K. LeBlanc - Advisor
J. Sinclair - Advisor
K. Cunningham - VP Administration & Finance
S. DeVarenne - Secretary of the Board
J. Morrison - University Treasurer
H. Jain - Student Advisor
Examples of CIR actions during the previous three years:
Added a recurring ESG Agenda Item, a decision was made to amend the Policy on the hiring, termination and monitoring of investment managers to include, when evaluating potential new managers, the extent in which managers incorporate the consideration of ESG principles when making investment decisions, the existing of a responsible investment committee, responsible investment guidelines, and proxy voting guidelines as they relate to ESG issues, began tracking the extent of the portfolios investment in Carbon 200 companies.
Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:
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