Close X
Wednesday, December 4, 2024
ADVT 
National

UBC IMANT invests $120M in reduced carbon fund

Darpan News Desk The Canadian Press, 20 Sep, 2021 09:33 AM
  • UBC IMANT invests $120M in reduced carbon fund

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.

 

MORE National ARTICLES

B.C. man not at 'immediate risk' to reoffend

B.C. man not at 'immediate risk' to reoffend
The man who killed a 13-year-old girl and injured her friend at a high school in Abbotsford, B.C., has been asked to read the victim impact statements related to his crime before he addresses the court.

B.C. man not at 'immediate risk' to reoffend

Heat warnings extend in B.C., reach Alta., Yukon

Heat warnings extend in B.C., reach Alta., Yukon
Temperatures into the 40s are expected for many parts of B.C., as the weather office says an exceptionally strong ridge of high pressure has parked over the province and likely won't budge until after Canada Day.

Heat warnings extend in B.C., reach Alta., Yukon

Trudeau says July 1 should be day of reflection

Trudeau says July 1 should be day of reflection
Prime Minister Justin Trudeau says this Canada Day should be a time of reflection. His comments come the day after a First Nation in Saskatchewan announced ground-penetrating radar had detected what are believed to be 751 unmarked graves at the site of a former residential school.

Trudeau says July 1 should be day of reflection

B.C. doctor wants action to prevent tragic falls

B.C. doctor wants action to prevent tragic falls
Dr. Ash Singhal of B.C. Children's Hospital said it's also the provincial government's responsibility to change the building code so windows in homes can't be opened enough for young children to tumble out.

B.C. doctor wants action to prevent tragic falls

10 more arrested at old-growth logging protest

10 more arrested at old-growth logging protest
Mounties arrested 10 more protesters Thursday as they continued to enforce an injunction against blockades near old-growth forest logging areas west of Victoria. RCMP say all the arrests were made at an encampment in the Braden Mainline Forest Service Road area near Port Renfrew, B.C.

10 more arrested at old-growth logging protest

Walk-on passengers can now book on BC Ferries

Walk-on passengers can now book on BC Ferries
BC Ferries has announced walk-on passengers can book online starting Thursday for routes departing Tsawwassen, Swartz Bay, Duke Point, Horseshoe Bay and Departure Bay.

Walk-on passengers can now book on BC Ferries