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

Toronto, Ontario record new COVID-19 record

Toronto reports 520 new cases of COVID-19 today, after recording 482 new cases Monday. British Columbia reported nearly 1,000 cases Monday, after implementing tougher new restrictions in the Vancouver area over the weekend.

Toronto, Ontario record new COVID-19 record

Man accused in van attack raises NCR defence

Minassian told a detective just hours after the incident that he carried out the attack as retribution against society because he was a lonely virgin who believed women wouldn't have sex with him.

Man accused in van attack raises NCR defence

Medicago reports promising COVID-19 vaccine tests

Medicago says the side effects were generally mild to moderate and short in duration. The Phase 1 clinical trial was a randomized, partially blinded study of 180 healthy people.

Medicago reports promising COVID-19 vaccine tests

Horgan gives first address after election victory

He says if B.C. residents want to avoid the heavier restrictions of the early days of the pandemic, they have to find safe ways to gather, celebrate and observe life events using technologies instead of meeting in person.

Horgan gives first address after election victory

Metro Vancouver expands protected wetland

Sav Dhaliwal, the Metro Vancouver board chair, says use of regional parks has exploded during the COVID-19 pandemic.

Metro Vancouver expands protected wetland

Vancouver Police survey shows heightened crime concern in Vancouver

Seventy-eight per cent of respondents were concerned about crime in Vancouver. This number grew to 84 per cent for people living in downtown Vancouver and to 94 per cent for respondents who had been a victim of crime in the past year.