University of Waterloo pledges more responsible investments to address climate change

Thursday, June 25, 2020

The University of Waterloo has signed the Responsible Investment Charter for Canadian Universities, pledging more responsible investment decisions with its $400-million endowment fund to help address the threat of climate change.

“This shows good stewardship,” said Blair Feltmate, Water Institute member, professor at the School of Environment, Enterprise and Development, and head of the Intact Centre on Climate Adaptation. “It conveys to portfolio managers that you care about this.”

Feltmate
While Feltmate would have preferred to see the push to more sustainable investment practices become more prevalent 10 or 15 years ago, “it was extremely difficult to get anyone to pay attention to this,” he said.

“Now that our backs are against the wall, people are getting on board.”

Read the article by James Jackson in The Record.

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