WE DID IT!!!!
Following the unanimous adoption of the recommendations of Queen's Board of Trustees Climate Action Task Force by the Queen's Board of Trustees on March 7th, 2020, Queen's will begin setting progressive, fact based, targets to reduce the carbon intensity of the fund. This will result in a strong and clear incentive for all companies within the fund to reduce their reliance on fossil fuels and shift to sustainable practices. This is just one of twelve reforms designed to fundamentally shift the relationship Queen's has with its investments. Other approved recommendations include a commitment to increased transparency and a special sector within the fund designated to "transition companies", smaller companies with high growth potential as we shift away from fossil fuels.
QBACC will continue watching over the University's investments to ensure that commitments are ambitious and being achieved. We will also continue to push for definitions of Environmental Sustainability, Social Responsibility and Prudent Governance to be created so future conversations surrounding the content of the University's investment funds will have clear guidelines.
There is still work to be done but this moment represents a major milestone for the campaign.
Thank you to everyone who supported us and helped us reach this point!!! Without you this never would of been possible!!!
Climate Action Task Force Recommendations