In line with Queen카지노 게임 컬렉션�s commitment to make a real and lasting impact in the fight against climate change, Queen카지노 게임 컬렉션�s Board of Trustees has endorsed its Investment Committee카지노 게임 컬렉션�s Final Report on , which includes a commitment to lower the carbon footprint across the university카지노 게임 컬렉션�s investment portfolios.

The Investment Committee set targets to maintain at least 25 per cent lower carbon emissions than the global equities benchmark by the year 2030.

카지노 게임 컬렉션�Queen카지노 게임 컬렉션�s 카지노게임사이트 is deeply committed to making a global impact in advancing sustainability through its responsible investing,카지노 게임 컬렉션� says Jim Keohane, Chair of the Investment Committee. 카지노 게임 컬렉션�We are aligned with students, faculty, staff and the administration in engaging on this issue. The recommendations we have brought forward will have a lasting positive impact on Queen카지노 게임 컬렉션�s and our planet.카지노 게임 컬렉션�

The targets set out in the recommendations are impactful and designed to align Queen카지노 게임 컬렉션�s with Canada카지노 게임 컬렉션�s net zero commitments. With a target of at least 25 per cent below the broader global market카지노 게임 컬렉션�s emissions, the university will decarbonize its portfolios ahead of the market and without singling out specific industries. The benchmark target reduction approach is aligned with those taken by many large best-in-class institutional investors.

카지노 게임 컬렉션�We will work closely alongside our investment managers to drive carbon reduction with all companies within our portfolios,카지노 게임 컬렉션� Keohane says. 카지노 게임 컬렉션�We will ask a lot of our investment managers and we will be tough markers to effect real change.카지노 게임 컬렉션�

카지노 게임 컬렉션�We have recommended a holistic, collaborative and comprehensive approach to the de-carbonization of our investment portfolios because we believe it is the most effective approach, and simply the right thing to do,카지노 게임 컬렉션� says Don Raymond, who chaired both the CCATF and the Energy Transition Subcommittee that was tasked to look at how to implement the recommendations.

This approach will allow the funds to achieve strong, sustainable returns while enabling the university to do its part in working with other responsible shareholders to influence the companies in which it is invested to also decarbonize. The 카지노게임사이트 Board and administration have listened to student input and reflected this in their decisions and actions.

카지노 게임 컬렉션�We believe the recommendations put forward and approved by the Board are a significant step for the 카지노게임사이트 to be taking,카지노 게임 컬렉션� says Aria Goldin, Co-President, Queen카지노 게임 컬렉션�s Backing Action on Climate Crisis, a climate change activism organization run by Queen카지노 게임 컬렉션�s students. 카지노 게임 컬렉션�We look forward to working with 카지노게임사이트 Investment leadership to provide our input on the progress of these important commitments.카지노 게임 컬렉션�

The recommendations are notable in Queen카지노 게임 컬렉션�s broader strategy to tackle climate change, supporting Queen카지노 게임 컬렉션�s overall commitment to the United Nations Sustainable Development Goals (SDGs). 

The Board of Trustees approved the following three key recommendations of the CCATF :

1. Reduce the carbon footprint of the Pooled Endowment Fund (PEF) and Pooled Investment Fund (PIF) and sustain by the end of 2030 a public equity portfolio (and real assets and private equity where data are available) with 25 per cent lower carbon emissions than the equities benchmark.
2. Allocate at least 15 per cent of the PEF to a Queen카지노 게임 컬렉션�s Climate Action Allocation (QCAA) by the end of 2030, comprising investments across asset classes that are expected to outperform with the transition to a lower carbon economy. In taking this targeted allocation approach, the committee no longer recommends including the previously planned donor direction program.
3. Queen카지노 게임 컬렉션�s should become a signatory to the United Nations Principles for Responsible Investment ().

A key to achieving the targets set out in the plan is the establishment of a Queen카지노 게임 컬렉션�s Climate Action Allocation (QCAA), made up of investments with significantly lower carbon emissions than the equities benchmark. The recommendations target an allocation of at least 15 per cent of the PEF into the QCAA by the end of calendar 2030. The QCAA was kickstarted in December 2020 with a US$30 million investment within the PEF into Pattern Energy, a private wind and solar company with operations in North America and Japan. That investment represents just over three per cent of current PEF assets.

Principal and Vice-Chancellor Patrick Deane noted the recommendations also complement many of the other initiatives undertaken by the university, including the commitments expressed in Investing to Address Climate Change: A Charter for Canadian Universities, to which Queen카지노 게임 컬렉션�s was one of 15 founding signatories in June 2020.

카지노 게임 컬렉션�This work undertaken by our former Board Chair and the subcommittee will be a lasting legacy,카지노 게임 컬렉션� says Principal Deane. 카지노 게임 컬렉션�The recommendations signify real action to address our ongoing commitment to combat climate change and have placed Queen카지노 게임 컬렉션�s at the forefront of investment transparency.카지노 게임 컬렉션�

More information on Queen카지노 게임 컬렉션�s Responsible Investing can be found online.

Today카지노 게임 컬렉션�s decisions are just one of the ways Queen카지노 게임 컬렉션�s is advancing sustainability and responding to the world카지노 게임 컬렉션�s most urgent challenges. For more details on Queen카지노 게임 컬렉션�s contributions to the UN Sustainable Development Goals are available here.