McGill releases action plan to accelerate carbon footprint reduction of endowments

April 22, 2020

McGill University’s Board of Governors has recommended a series of actions and timelines designed to accelerate the school’s responsible decarbonization of the McGill investment pool. Recommended actions include removing investments from highly carbon-intensive companies, strengthening investment in clean technologies, and increasing the number of fund managers who practice socially responsible investing. “More specifically,” reads a McGill release, “this aggressive approach would translate in a 33% reduction of carbon emissions of the University’s endowment listed equity portfolio, relative to the MIP public equities benchmark.” The Board will consider the action plan for approval at an upcoming meeting. McGill (QC)