| Overall Rating | Silver |
|---|---|
| Overall Score | 63.24 |
| Liaison | Victoria Ho |
| Submission Date | Feb. 8, 2024 |
OCAD University
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 2.00 |
Peter
Fraser Director Finance |
"---"
indicates that no data was submitted for this field
Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
Yes
The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:
https://www.ocadu.ca/sites/default/files/documents/Statement%20of%20Investment%20Policies%20and%20Guidelines%20for%20OCAD%20University(030617)((final%20approved%20by%20Board).pdf
Please refer to Sections 2.2 and 3.3
Statement that references ESG reporting related to risk management practices in the investment portfolio.
2.3 e) Providing an annual review to the Investment Committee on the portfolio including a review of risk management practices and including reporting as to ESG as set out in section 3.3.
Please refer to Sections 2.2 and 3.3
Statement that references ESG reporting related to risk management practices in the investment portfolio.
2.3 e) Providing an annual review to the Investment Committee on the portfolio including a review of risk management practices and including reporting as to ESG as set out in section 3.3.
Does the CIR include academic staff representation?:
No
Does the CIR include non-academic staff representation?:
Yes
Does the CIR include student representation?:
No
Members of the CIR, including affiliations and role:
Sub Committee of the Board of Governors & external investment advisors.
David Binet (Committee Chair) - Board of Governor member
Julie Di Lorenzo - Board of Governor member
Dave Forestell - Board of Governor member
Breann Kirincich (External Advisor)
Ken Kirsh (External Advisor)
Gail Lee - Board of Governor member
Ana Serrano - Board of Governor member
Peter Fraser - Staff Support
Alan Simms - Staff Support
David Binet (Committee Chair) - Board of Governor member
Julie Di Lorenzo - Board of Governor member
Dave Forestell - Board of Governor member
Breann Kirincich (External Advisor)
Ken Kirsh (External Advisor)
Gail Lee - Board of Governor member
Ana Serrano - Board of Governor member
Peter Fraser - Staff Support
Alan Simms - Staff Support
None
Examples of CIR actions during the previous three years:
OCAD U transferred a portion of the endowment into a climate change fund with the GMO Climate Change Strategy, about $2 million.
The GMO Climate Change Strategy seeks to deliver high total return by investing primarily in equities of companies GMO believes are positioned to benefit, directly or indirectly, from efforts to curb or mitigate the long-term effects of global climate change, to address the environmental challenges presented by global climate change, or to improve the efficiency of resource consumption.
The GMO Climate Change Strategy seeks to deliver high total return by investing primarily in equities of companies GMO believes are positioned to benefit, directly or indirectly, from efforts to curb or mitigate the long-term effects of global climate change, to address the environmental challenges presented by global climate change, or to improve the efficiency of resource consumption.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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