uToronto chooses ESG strategy over divestment, protesters hold sit-in at McGill

March 31, 2016

The University of Toronto has elected to include environmental, social, and governance (ESG) factors in its investment decisions rather than pursuing full divestment from fossil fuel companies. A number of Canadian universities have seen similar petitions for divestment. Institutions like UBC and Simon Fraser University, like uToronto, have decided instead to adopt a new set of ESG principles to guide future investment. “The virtue of an approach such as the one I am outlining is that it allows us to look at the practices of firms not just in fossil-fuel-producing sectors, but in the rest of economy as well,” said uToronto President Meric Gertler. On Tuesday, students supporting divestment at McGill University held a sit-in to protest the school’s recent decision not to divest from fossil fuel companies. Globe and Mail | Montreal Gazette (McGill) | uToronto