UTAM to reduce the carbon footprint of its long-term investments by at least 40 per cent by 2030
The University of Toronto Asset Management Corp. (UTAM), which manages over $10 billion in assets on behalf of the university, plans to reduce the carbon footprint of the endowment and pension investment portfolios by at least 40 per cent by 2030.
U of T’s arms-length investing body outlined the commitment in its 2019 Carbon Footprint Report, which analyzed the carbon footprint of public equity, private equity, private real estate and private infrastructure holdings within the university’s pension portfolio as of Sept. 30, 2018. The report uses the pension portfolio as a proxy for the endowment portfolio because the investments in each portfolio are substantially similar.
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