Overall Rating Gold
Overall Score 65.89
Liaison Jonathan Rausseo
Submission Date Nov. 25, 2021

STARS v2.2

University of Ottawa
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 0.50 / 2.00 Tom Valks
Chief Investments Officer
Pension Fund Investment Management
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Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
Yes

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:
The Finance and Treasury Committee (“Committee”) determines the approach and related actions taken to promote the principles of responsible investment in a manner that is consistent with the industry best practices framework established by the PRI. The approach and related actions facilitate the ability to collaborate with other investors and undertake engagement initiatives, which is the most effective method to achieve positive changes with respect to ESG issues.

Does the CIR include academic staff representation?:
No

Does the CIR include non-academic staff representation?:
Yes

Does the CIR include student representation?:
No

Members of the CIR, including affiliations and role:
MEMBERS Dane Bedward Principal Dane Bedward Associates End of mandate: 2021-06-30 Kathryn Butler Malette Former Chief Human Resources Officer, Human Resources, Corporate Planning and Communications Services The House of Commons of Canada End of mandate: 2021-06-30 James C.L. Clark President Dunhelm Consulting (Treasury Component) End of mandate: 2020-10-23 Stephen A. Cotsman (Treasury Component) End of mandate: 2020-10-23 Jacques Frémont President and Vice-Chancellor End of mandate: 2021-06-30 Stéphane Giguère Chief Executive Officer Ottawa Community Housing Corporation End of mandate: 2022-06-30 François Guimont Former Deputy Minister of Public Safety Canada Enf of mandate: 2023-06-30 RESOURCES Anne Bauer Chief of Staff Office of the Secretary-General Non member Zainab Karouni Governance Officer Office of the Secretary-General Non member

Examples of CIR actions during the previous three years:
Annually update measurements that tracking and shifting long term portfolio away from fossil fuels. This has involved increasing investment allocation in an equities index portfolio that consists of low carbon intensity companies which represents a carbon intensity reduction of 64% when compared with an overall market index for this allocation. At various meetings, the Finance and Treasury Committee evaluated a number of options for the development of a Clean Innovation Fund. These discussions centred on the investment structure and the risk and return objectives of such a fund, along with implementation options. While investment staff continue to look for and research investment opportunities, the initial allocation of $10 million is invested in a Canadian Green Bond mandate.

Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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