Trustees to vote on climate action recommendations

Several recommendations up for vote Friday night, including making ESG reports publicly available

The Board of Trustees will meet on March 6.
Credit: 
Journal File Photo

Queen’s Board of Trustees will vote on a number of climate action recommendations on Friday night, including whether to make more information about its investment practices available to the wider public.

Presented by the Board of Trustees’ Climate Change Action Task Force, the body will vote on whether Queen’s will engage the Institute for Sustainable Finance to survey its portfolios for exposure to carbon emissions. The Board will also vote to “set reasonable objectives to reduce the portfolios' carbon intensity, recognizing the Board of Trustees’ fiduciary obligations.”

The Board will vote on whether Queen’s will explore investments that will outperform with the transition to a lower-carbon economy, and additionally whether the University will use funds from its endowment to support those investments. If approved, donors would also be able to directly fund those investments.

The task force’s list of recommendations also includes adding a Responsible Investing tab within the University’s Investment Services webpage and providing links to all publicly available investment manager ESG information, including UN Principles of Responsible Investments (UNPRI) reports.

The Board will vote on whether to change the ESG questionnaire and make future ESG annual reports publicly available. The Board will additionally vote on whether to provide information on all renewable energy or other sustainable investments.

A full list of the recommendations is publicly available through the Queen’s Governance portal. The Board of Trustees is scheduled to meet on Friday at 6:30 p.m.

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