SFU moves to further decrease carbon footprint of its investments

By District Energy posted 01-30-2019 00:00

  

Simon Fraser University

Summary

Simon Fraser University is decreasing its investment portfolio’s carbon footprint by a further 10 per cent, for a total reduction of 40 per cent by 2030. In 2016 the university announced its intention to reduce its investment carbon footprint by 30 per cent.

The additional decrease, which is in line with the Governments of Canada and British Columbia’s carbon reduction targets, gives SFU a greater ability to encourage companies to pursue lower carbon solutions while, at the same time, reducing the university’s investment risk. The move also coincides with the Province’s recently announced CleanBC plan to address climate change.

“As Canada’s engaged university, SFU has made a commitment to be a leader in sustainability, and to develop and model best practices,” says SFU President Andrew Petter. “This latest move adds to a growing list of SFU initiatives that seek to counter climate change and to create a cleaner and greener future for us all.”

The university currently has no direct investments in fossil fuel companies, and has increased its portfolio’s share of socially responsible investments to $20 million.

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