To meet the goal of embedding climate justice throughout UBC’s activities and address the inequities associated with the causes, impacts and solutions to climate change, UBC must demonstrate consistent institutional leadership on climate justice.
In order to undo the systems of oppression that enable exploitation, UBC is working to acknowledge and reckon with its own role in contributing to the climate crisis, while leveraging its intellectual and moral authority as well as its social and financial procurement power to advance climate justice in other organizations and advocate for broader social change beyond its institutional boundaries.
SHORT TERM (1-3 YEARS)
Related CETF report recommendations include enacting commitments to divestment and sustainable investment, and demonstrating and advocating for justice-based climate action.
Short term actions include embedding climate justice values into investment screening, investing in just community projects, and publicly reporting on progress. Divestment alone does not address climate change; it is, however, one large step.
|UBC commits to responsible investing: UBC signed the UN Principles of Responsible Investing and Investing to Address Climate Change: A Charter for Canadian Universities. This commits UBC to incorporate environmental, social, and governance issues into investment decisions, and to encourage other universities to do the same. July 2020. Learn more.|
|Responsible Investing Strategic Plan: UBC’s Board of Governors reviewed UBC IMANT’s comprehensive Responsible Investing Strategic Plan. Sep 2020. Learn more.|
|$214 million transitioned: Since the beginning of 2020, UBC has transitioned $214 million to fossil-fuel-free or low carbon investments — representing over 20% of our public equity holdings. Learn more.|
|$1.5M in Climate Emergency Funds distributed: Advocacy by members of the student-led UBC Climate Hub, working closely with elected AMS and GSS student leaders, led to support by the administration for the creation of a $1.5 million Climate Emergency Fund (CEF) made up of incremental funding from tuition fees. June 2021. Learn more.|