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April 21, 2022

Reach for the Stars: How Universities Rank on Their Endowments’ Climate Change Commitments

  • In 2020, 16 major Canadian universities signed the “Climate Charter for Canadian Universities,” a commitment to manage their assets while considering climate change. However, despite this pledge, a concerted effort to understand how Canadian university endowments are responding to the rising risks presented by climate change and their commitments to alleviate them has not been undertaken to date.
  • In a new report from the C.D. Howe Institute, authors Catherine Jackson, Abhishek Kumar and Ramisha Asghar evaluate the governance and accountability mechanisms of these public institution’s endowments – assigning them stars based on three categories: governance, policy and disclosure.
  • McMaster University and University of British Columbia tied at the top with four stars and overall scores of 4.2, but did not achieve the top mark of five stars.
Catherine Jackson

Catherine Jackson is Principal, Head of Canada at Mosaic Governance Advisors Ltd.

Abhishek Kumar

Abhishek Kumar is a former Analyst with Mosaic Governance Advisors Ltd.

Ramisha Asghar

Ramisha Asghar is a former Research Assistant at the C.D. Howe Institute.