The University of Windsor’s Endowment Fund has committed to incorporating environmental, social, and corporate governance issues into its investment decision-making processes, as a signatory to Principles for Responsible Investment supported by the United Nations.
Anna Kirby, acting vice-president, planning and administration, calls the organization “the leading global network for investors who are committed to integrating environmental, social, and corporate governance considerations into their investment practices and ownership policies.”
The declaration, signed June 8 by UWindsor president Robert Gordon, acknowledges the duty of institutional investors to act in the best long-term interests of beneficiaries. The University’s status as a signatory was unanimously supported by the Board of Governors earlier this year.
“In this fiduciary role, we believe that environmental, social, and corporate governance issues can affect the performance of investment portfolios,” the declaration reads. “We also recognize that applying these principles may better align investors with broader objectives of society.”
Gillian Heisz, controller and executive director of financial reporting and accounting, says it aligns with other aspects of the institution’s operations: “the University’s commitment to responsible investing is an important component of our overall sustainability strategy.”
Windsor is the 15th Canadian university to adopt the investment principles. Learn more about the United Nations Principles for Responsible Investment.