This report shows public data only. Is this your organisation? If so, login here to view your full report.

Simon Fraser University

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

Describe we measure/monitor and report the carbon footprint of our public equity investments with the goal of reducing climate related risks.

13.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

We do the following

13.3. Additional information. [OPTIONAL]


SG 13 CC.

13.4 CC. Describe how your organisation is using scenario analysis to manage climate-related risks and opportunities, including how the analysis has been interpreted, its results, and any future plans.

Describe

we look at carbon footprint data at a manager level to achieve reduction goals

13.5 CC. Indicate who uses this analysis.

specify

          Treasury Department and Office of the Vice-President Finance and Administration
        

13.6 CC. Indicate whether your organisation has evaluated the potential impact of climate-related risks, beyond the investment time horizon, on its investment strategy.

Please explain the rationale

our investment strategy and climate related risks are considered on a long term investment horizon in line with the endowment functioning as a perpetuity 

13.7 CC. Indicate whether a range of climate scenarios is used.

13.8 CC. Indicate the climate scenarios your organisation uses.

Provider
Scenario used
IEA
IEA
IEA
IEA
IEA
IRENA
Greenpeace
Institute for Sustainable Development
Bloomberg
IPCC
IPCC
IPCC
IPCC
Other

Other (1) please specify:

          Canada's national climate commitment
        
Other
Other

SG 14. Long term investment risks and opportunity

14.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following are considered.

14.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

Specify the AUM invested in low carbon and climate resilient portfolios, funds, strategies or asset classes.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

Specify the framework or taxonomy used.

fossil fuel free global equity, socially responsible global equity, clean tech private equity

other description

          Measure and report portfolio carbon emission and commit to reduce portfolio carbon footprint by 45% by 2025
        

14.3. Indicate which of the following tools the organisation uses to manage climate-related risks and opportunities.

14.4. If you selected disclosure on emissions risks, list any specific climate related disclosure tools or frameworks that you used.

we report to the Board our public equity carbon footprint

14.5. Additional information [Optional]


SG 14 CC.

14.6 CC. Provide further details on the key metric(s) used to assess climate-related risks and opportunities.

Metric Type
Coverage
Purpose
Metric Unit
Metric Methodology
Climate-related targets
          
        
          
        
          
        
Carbon footprint (scope 1 and 2)
          
        
          
        
          
        
Portfolio carbon footprint
          measure/monitor/reduce carbon footprint of public equity portfolio by 45% by 2025
        
          tCO2e
        
          MSCI ESG Research Inc
        
Total carbon emissions
          
        
          
        
          
        
Exposure to carbon-related assets
          
        
          
        
          
        

14.7 CC. Describe in further detail the key targets.

Target type
Baseline year
Target year
Description
Attachments
          2016
        
          2025
        
          45% reduction
        
          
        
          
        
          
        

          
        
          
        
          
        

          
        
          
        
          
        

          
        
          
        
          
        

14.8 CC. Indicate whether climate-related risks are integrated into overall risk management and explain the risk management processes used for identifying, assessing and managing climate-related risks.

Please describe

The University's Endowment takes a long term approach to its investments and is cognisant of the climate related risks associated with carbon intensive investments as well as the potential financial benefits to moving toward a low carbon economy.   

14.9 CC. Indicate whether your organisation, and/or external investment manager or service providers acting on your behalf, undertake active ownership activities to encourage TCFD adoption.

Please describe

all of our public investment managers are UN PRI signatories and most have signed on to the Climate Action 100+, or are considering it. As part of their commitment to the Climate Action 100+ initiative, they encourage companies that they invest in to provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) 


SG 15. Allocation of assets to environmental and social themed areas

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.2. Indicate the percentage of your total AUM invested in environmental and social themed areas.

25 %

15.3. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

Asset class invested

1 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

US$4.5 million commitment to diversified portfolio of global private equity investments which focus on technologies that seek to improve the efficiency of energy production, distribution and use and appreciably reduce or eliminate the negative environmental impact of these activities.

Asset class invested

1 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

combined US$9.5MM committment to U.S. real estate funds. The fund employs targeted energy and water management systems to reduce consumption by various means including the increased use of solar power, LED lighting, solar screens/low-E windows, low-flow toilets, and the installation of Nest thermostats.   

          fossil fuel free global equity
        

Asset class invested

23.5 Percentage of AUM (+/-5%) per asset class invested in the area

Brief description and measures of investment

two fossil fuel free global equity managers (one with 5% renewal energy exposure) and one SRI global equity fund

15.4. Please attach any supporting information you wish to include. [OPTIONAL]



Top