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Spotlight on Investors: University of Toronto Asset Management
24-May-2019 4:26:05 PM
University of Toronto Asset Management "UTAM" is responsible for managing the Pension, Endowment and short-term financial assets of the University of Toronto. As of December 31st 2018, UTAM had CA$ 10 billion of assets under management.
In the recently published 2018 Responsible Investing Report, UTAM highlighted its progress in the systematic application of ESG factors. For example, to better manage their climate-related risk, the organization disclosed the carbon footprint of their pension and endowment assets. In line with industry best practice, UTAM measured the carbon intensity, the weighted average carbon intensity and the carbon emissions per $million invested of their portfolios. The report also includes UTAM's proxy voting and engagement record – the asset owner engaged with over 500 companies on topics ranging from Climate Change to Labor Relations. Furthermore, UTAM demonstrated its leadership and commitment to Responsible Investing by signing the "Global Investor Statement to Governments on Climate Change " at COP24 demanding policy-makers to fulfill the goals of the Paris Agreement.
Responsible Investing Report: A Closer Look - 2018
