CURI Press Release
New initiative to help Canadian universities face a $41 billion challenge
Vancouver, BC – Canadian universities need to address risks affecting over $41 billion in pension funds and endowment investments, say founders of the newly formed Coalition of Universities for Responsible Investing (CURI).
“We are lagging far behind our American counterparts when it comes to incorporating environmental, social and corporate governance (ESG) risks into investment strategies, “said Omar Dominguez, CURI chair and co-founder. “If ignored, these risks do more than harm a university’s reputation. They endanger the growth of their endowments and pension funds,” says Dominguez.