Our $20 million endowment is professionally managed at the Ottawa Community Foundation (OCF) and forms part of the $180 million of donor funds they have under management. OCF has been a leader in Responsible Investing since 2010 and is a signatory to the United Nations Principles of Responsible Investing (UNPRI). OCF is one of 3,000 UNPRI signatories globally who together manage more than $100 trillion is assets committed to incorporating environmental, social and governance (ESG) factors into investment selection. OCF takes a best-in-class approach, investing only in the top players in a particular sector in terms of ESG performance. By being shareholders in these best players, we have influence over corporate behaviour, and exercise that influence by how we vote our proxies and engage with management to constantly improve their carbon footprint.
The Foundation is currently reviewing its strategic asset allocation and plans to put more emphasis on assessing the climate-related risk to all its investments and reducing the carbon intensity of the portfolio, while ensuring it remains best in class. More information about OCF’s Responsible Investing including their investment policy is available here.