Company continues to advance its Responsible Investing Strategy in support of funds under management
UBC Investment Management has released its second annual Responsible Investing Report. The Report summarizes the firm’s responsible investing activities during 2022 in support of the ESG-related goals and objectives of the UBC Endowment Fund and the UBC Staff Pension Plan.
UBC Investment Management has established its own Responsible Investing Strategy focused on five key pillars: Divestment, Active Ownership, Leadership, Disclosure and Measurement. The company is taking a disciplined approach to executing against that strategy each year. Highlights from 2022 include:
- The UBC Endowment Fund’s carbon footprint was 50 percent below the baseline level set in 2019, while carbon intensity is 46 percent below the baseline level. The UBC Staff Pension Plan carbon footprint and intensity measures have decreased by 32 percent
- More than $200M in investments in climate-oriented funds managed by some of the world’s leading fund managers
- Actively working to expand the firm’s carbon measurement coverage beyond public equities, evaluating leading industry methodologies and tools in incorporating debt investments and private market assets
- Completing 30 manager assessment using UBC Investment Management’s in-house Manager ESG Rating Framework
“With our strategy and a solid foundation in place, we are now leveraging the hard work done to date and seeing the benefits of the enhancements we’ve made to how we monitor and manage ESG-related risks in the funds we manage,” says Dawn Jia, CEO. “I am also pleased about how our Responsible Investing Strategy is aligned with our broader company strategy. We are focused on people, process and performance, and our team has done an excellent job in putting the processes in place to provide rigour and depth to our responsible investing activities.”
A copy of the 2022 Responsible Investing Report can be found here: https://ubcim.ca/reports/.