A select group of universities across Canada have signed up to be part of a a new initiative to get long-term investors to care about climate change. The universities have endowment and pension funds that need to guarantee returns for decades (if not centuries) and thus have an obligation to plan ahead. That initiative is the new University Network for Investor Engagement (UNIE), and was founded with SHARE, an organization with a good track record of getting financial change. A world without catastrophic climate change is an easier one to make plans for, so let’s hope that UNIE helps decarbonize our economy by encouraging companies to care about the climate.
“These universities are showing leadership in addressing the climate crisis. Acting as investors, Canadian university pension plans and endowments can have a powerful influence on corporate behavior. Working together in one program amplifies each institution’s voice and leverages their power to bring about change,” said Kevin Thomas, Chief Executive Officer at SHARE.
The UNIE initiative is focused both on reducing greenhouse gas emissions and accelerating the transition to a low carbon economy.
“The actions taken by institutional investors today will play a crucial role in determining how society fares in the face of climate change,” said Thomas.