| Overall Rating | Gold |
|---|---|
| Overall Score | 65.26 |
| Liaison | Matt Wolsfeld |
| Submission Date | March 21, 2023 |
University of Saskatchewan
IN-40: Sustainability Projects Fund
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 0.50 |
Matt
Wolsfeld Community Engagement Co-ordinator Office of Sustainability |
"---"
indicates that no data was submitted for this field
Name of the institution’s sustainability projects fund:
Sustainability Revolving Fund
Which of the following best describes the primary source of funding for the sustainability projects fund?:
Hybrid
Year the institution’s sustainability projects fund was established:
2,014
A brief description of the institution’s sustainability projects fund:
Established in 2014, the Sustainability Revolving Fund (SRF) finances sustainability initiatives at the University of Saskatchewan. Projects that result in utility savings either directly or indirectly through behaviour change on campus are funded.
A revolving fund works by reinvesting cost savings resulting from the project back into the fund. Projects that achieve direct utility or operational savings reinvest the initial funding plus an additional 50% back into the fund. This ensures that the fund will continue to grow and be financed by its own efforts.
Revolving funds have yielded substantial returns for North American universities and colleges invested in expanding sustainability initiatives. The University of Saskatchewan has joined more than 70 of these institutions in the Billion Dollar Green Challenge, which has pushed many academic institutions to create self-managed revolving funds to implement cost-saving sustainability projects on their campuses.
Quick Facts:
- Established in 2014
- 17 projects approved to date
- Over $1.1 million committed
- ~$350,000 in annual utility savings
- Average project payback period of 3-5 years
A revolving fund works by reinvesting cost savings resulting from the project back into the fund. Projects that achieve direct utility or operational savings reinvest the initial funding plus an additional 50% back into the fund. This ensures that the fund will continue to grow and be financed by its own efforts.
Revolving funds have yielded substantial returns for North American universities and colleges invested in expanding sustainability initiatives. The University of Saskatchewan has joined more than 70 of these institutions in the Billion Dollar Green Challenge, which has pushed many academic institutions to create self-managed revolving funds to implement cost-saving sustainability projects on their campuses.
Quick Facts:
- Established in 2014
- 17 projects approved to date
- Over $1.1 million committed
- ~$350,000 in annual utility savings
- Average project payback period of 3-5 years
A brief description of the multi-stakeholder decision-making process used to determine which projects receive funding through the sustainability projects fund:
The SRF is managed by an SRF Program Delivery Team on behalf of the institution. Membership includes:
1. Team Lead: Manager, Facilities Sustainability and Engineering
2. Sustainability Coordinator, Facilities Sustainability and Engineering
3. Energy and Emissions Officer, Facilities Sustainability and Engineering
4. Financial Analyst, Financial Operations
5. Utilities Sustainability PM, Enterprise Project Management Office
1. Team Lead: Manager, Facilities Sustainability and Engineering
2. Sustainability Coordinator, Facilities Sustainability and Engineering
3. Energy and Emissions Officer, Facilities Sustainability and Engineering
4. Financial Analyst, Financial Operations
5. Utilities Sustainability PM, Enterprise Project Management Office
Optional Fields
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Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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