In February 2016, the university received a letter from a group of faculty members recommending that the university divest from fossil fuels. The university presented the letter to the Board of Governors, and recommended the establishment of a working group to develop a policy on responsible investing.
The Responsible Investment Working Group (RIWG) was established by the Board to make a recommendation to the Board on whether and how to revise existing investment policies and procedures for university-managed investment funds. The RIWG completed its review and the Board approved the RIWG’s recommendations, on the recommendation of the Joint Finance and Investments and Pension Committees, on Nov. 30, 2017.
As a result of the committees’ and Board’s approval of the RIWG’s recommendations, the working group was dissolved as it fulfilled its mandate.