National

UBC IMANT invests $120M in reduced carbon fund

Darpan News Desk The Canadian Press, 20 Sep, 2021 09:33 AM

UBC Investment Management Trust Inc. says it is committing $120 million to a Paris Aligned reduced carbon global equity fund, on behalf of the University of British Columbia's endowment fund.

UBC IMANT seeded the investment on June 30 with assets representing about five per cent of UBC's endowment.

It says the investment reduces carbon intensity by 70 per cent relative to a cap weighted benchmark.

The move follows $110 million in funding for a sustainable global opportunities strategy in March.

UBC announced plans last year to divest the endowment of fossil fuel investments and a 45 per cent reduction of portfolio carbon emissions within 10 years.

UBC IMANT manages over $5 billion on behalf of the university and related entities, including UBC's endowment fund, staff pension plan, working capital and other investment portfolios.

Prev Next

MORE National ARTICLES

B.C. helps fund new ALS research position at UBC

The province says the dedicated clinician and scientist will support patients living with the disease through care and research for a cure, with the goal of increasing patients' access to local clinical trials.

B.C. helps fund new ALS research position at UBC

Singh calls for halt on arms sales to Israel

Prime Minister Justin Trudeau responded by asking all sides to protect civilians and end the violence, saying rocket attacks against Israel as well as violence at an iconic mosque are "unacceptable."

Singh calls for halt on arms sales to Israel

Forces see little progress in drive to add women

Then-defence chief general Jonathan Vance in February 2016 set a goal of having women represent one-quarter of the Canadian Armed Forces' members over the next decade. At the time, women accounted for 15 per cent of military personnel.

Forces see little progress in drive to add women

Business leaders in U.S., Canada join Line 5 fight

The Canadian and U.S. chambers of commerce joined forces with their counterparts in Ohio, Michigan and Wisconsin by filing a joint brief in court to argue against Gov. Gretchen Whitmer's bid to shut down the cross-border pipeline.

Business leaders in U.S., Canada join Line 5 fight

Canada-U.S. spat over right whale prompts proposal

A Canada-U.S. spat over who is responsible for the recent death of a critically endangered right whale has prompted a senior Canadian official to suggest there's got to be a better way of settling such disputes.

Canada-U.S. spat over right whale prompts proposal

Questions remain about AstraZeneca shot's future

Questions remained Wednesday about the future of the Oxford-AstraZeneca vaccine in Canada as the federal government prepared to receive hundreds of thousands of doses while provinces limited use of the shot.