UBC distinguished professor looks to “institutional investors” to lead fight against climate change

“Institutional investors need to be innovative in how they encourage a shift away from short-termism,” writes UBC Distinguished Law Professor Janis Sarra, and a good example of such innovation can be found in recent efforts by universities to incorporate environmental, social, and governance (ESG) principles into their investment strategies. Sarra specifically praises the efforts of University of Toronto President Meric Gertler in directing $6.5 B of his school’s assets into a long-term strategy to fight climate change. Gertler and uToronto recently elected to pursue this strategy instead of fully divesting from fossil fuel producers, in part because their plan reportedly aims to address climate change beyond these producers, which only account for 25% Canada's greenhouse gas emissions. Globe and Mail