Performance is priority On December 31, 2018, the carbon footprint of Laval University’s shares was evaluated at 156 tons of CO2 for each million dollars invested. Out of the 250 million CAD in investments owned by Laval University, around 100 million CAD are in shares: that is why this portion will be subjected to the new carbon footprint reduction criteria. The University’s strategy nevertheless specifies that it must be carried out so as to limit all impact that is significantly unfavorable to performance. A good portion of Laval University’s investment is in fact used to finance scholarships for students and research projects for professors; a reduction in performance would therefore be consequential. Carbon footprint calculations will be made public every year by Laval University, which is one of the first in the country to announce this type of responsible investment strategy. Last week, McGill University in Montreal, announced a similar commitment, with the ultimate objective of becoming a carbon-neutral institution by 2040.
Download PDF file
Build your own flipbook