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The Foundation will incorporate ESG issues into its investment policies and practices. While the Foundation is not an active investor, the Foundation will ensure that its investment manager(s) incorporate(s) ESG issues and practices into their investment selection processes.

Principle 3

The Foundation will ask its investment manager(s) to seek appropriate disclosure on ESG issues from the entities in which the investment manager(s) invest on behalf of the Foundation.

Principle 4

To the extent possible, the Foundation will promote acceptance and implementation of the principles within the investment industry.

Principle 5

The Foundation will work with its investment manager(s), UTS and the UTS community to enhance the Foundation’s effectiveness in implementing the principles.

Principle 6

The Foundation will, and will require its investment manager(s) to report on their activities and progress towards implementing the principles.

The Foundation’s investment manager is a signatory of the United Nations-supported Principles for Responsible Investment. In addition, the manager has advised that it is a member of, and is actively involved with, the Canadian Coalition for Good Governance and is a supporter of the Task Force on Climate-related Financial Disclosures.

The Foundation has worked carefully over the last several years to manage the portfolio to meet the cash funding needs of the new building, while also positioning the Foundation to maintain and grow the funding available for bursaries, scholarships and awards. With a prudent investment approach and the incredible support from the UTS community, we believe that the Foundation is well-positioned for the future.

In the best sense, I hope we are worrying about these issues now so we don’t have to in the near future and as UTS becomes more diversified, there will no longer be this separation by parts and the student body becomes whole.

Oliad ’24 Black Equity Committee