Chloe Canning and Carter Hiles
Sustainable Investment Committee (S.I.C.)
The University Plan 2025 highlights the University of Saskatchewan as a global leader in the areas of creativity, connectivity, diversity and sustainability. However, according to the Sustainability Tracking, Assessment and Rating System (STARS), USask is a follower when compared to other Canadian universities. The vision statement “The University the World Needs” is currently misaligned with many of USask’s actions, as there are intentions to change, but not enough progress is being made.
STARS has evaluated USask to have an overall score of 54.90/100 and 0/7 within its Investment & Finance category. The economic side of sustainability is currently being overlooked at USask and it’s time for that to change. One of the recommendations STARS makes is the installment of a Sustainable Investment Committee (S.I.C.). This committee allows different stakeholders from many areas of the university community to come together and decide how to best align the nearly $800 million endowment fund. This committee will endorse previously overlooked opportunities related to renewables, ESG funds, etc., to become more prevalent in USask’s investment portfolio.
The implementation of S.I.C. would also help Usask reach its goal of becoming a STARS gold member as implementing such a committee would add two points to the overall score. Furthermore, creating a new committee is a reasonable request as many major institutions across Canada have already implemented and embraced the notion of sustainable investments.