A coalition of Canadian university endowments and pension plans has announced a new initiative to engage corporations on climate change to reduce climate-related risks in their investment portfolios.
Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.
A university on the West Coast’s investment committee approved measures to halt new investments in fossil fuels and divest from its existing fossil fuel investments over the next several years earlier this month