Carleton University is pleased to announce updated responsible investment policies that include a commitment to not hold any\u00a0direct fossil fuel\u00a0investments\u00a0in its Endowment and Non-Endowed Operating Funds, as well as a\u00a0strategy to achieve\u00a0significant decarbonization of these portfolios by 2030. In addition, Carleton will establish a fossil-fuel free investment fund to which donors may direct their gifts. This fund will be set up by the end of 2022.<\/p>\n
Carleton is also pleased to announce that it is a signatory to the United Nations supported Principles for Responsible Investment (PRI), which are considered best practice in the area of responsible investment.<\/p>\n
\u201cThese strategic decisions align with Carleton\u2019s commitment to meet the challenge of climate change and to strive towards creating a more sustainable economy,\u201d said Carleton President and Vice-Chancellor, Benoit-Antoine Bacon. \u201cWe are taking action and I am pleased to say that at this time, Carleton is not holding any direct fossil fuel investments in these funds.\u201d<\/p>\n
The updated policies recognize that climate change affects all sectors of the market and society. As such, the policies include a strategy of decarbonization designed to transition the portfolios to lower carbon ones by addressing carbon emissions across the entire portfolio.<\/p>\n
Carleton\u2019s responsible investment policies are based on the belief that taking environmental, social, and governance factors into account as part of the investment decision-making process may add value to its portfolios, while creating positive change on critical issues such as climate change.<\/p>\n