Overall Rating Gold
Overall Score 80.17
Liaison Mike Wilson
Submission Date May 5, 2020

STARS v2.2

University of Victoria
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 1.00 / 2.00 Andrew Coward
Treasurer
Budget Office
"---" 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?:
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 University has created a Decarbonisation Working Group to advise on how to measure and reduce the carbon intensity of its portfolio and a Thematic Impact Investment Working Group to advise on how to measure and make thematic impact investments.

Decarbonisation Working Group:

Reduce the carbon intensity of investments by at least 45% by 2030 will require a fundamental shift in the how the university’s working capital fund is invested. The purpose of the working group is to provide the expertise, research and feedback needed to support administration in successfully making this transition. The working group’s scope includes providing information, expertise and advice that will inform:
• the development of carbon tracking methodology;
• the development of appropriate reporting to the Board and campus community;
• the road map for implementation of a decarbonisation strategy; and,
• investment opportunities that move the university towards achieving the carbon intensity reduction goal outlined in the policy.

Thematic Impact Working Group

The inclusion of thematic impact investments will require a fundamental shift in the how the university’s working capital fund is invested. The purpose of the working group is to provide the expertise, research and feedback needed to support administration in successfully making this transition. The working group’s scope includes providing information, knowledge and advice that will inform:
• investment decisions that support the goal of promoting sustainable futures and Indigenous economic development;
• the development of appropriate reporting to the Board and campus community; and,
• the road map for implementation of the impact investment strategy.


Does the CIR include academic staff representation?:
Yes

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

Does the CIR include student representation?:
No

Members of the CIR, including affiliations and role:

Decarbonisation Working Group Membership:
• Kristi Simpson, Associate Vice President, Financial Planning & Operations
• Andrew Coward, Treasurer, Treasury & Risk Management
• Adam Monahan, Professor, School of Earth and Ocean Sciences
• Andrew Rowe, Professor, Faculty of Engineering
• Curran Crawford, Professor, Faculty of Engineering
• Colin Goldblatt, Professor, School of Earth and Ocean Sciences
• Felix Pretis, Professor, Faculty of Social Sciences

Thematic Impact Investment Working Group Membership:
• Kristi Simpson, Associate Vice President, Financial Planning & Operations
• Andrew Coward, Treasurer, Treasury & Risk Management
• Basma Majerbi, Professor, Gustavson School of Business
• Crystal Tremblay, Professor, Faculty of Social Sciences
• Michael King, Professor, Gustavson School of Business
• Matt Murphy, Professor, Gustavson School of Business


Examples of CIR actions during the previous three years:

•Review impacting investing opportunities (i.e. affordable housing, impact GICs, greenbonds, impact public and private equities)

•Review portfolio carbon footprinting methodologies


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