Since becoming a signatory to the United Nations–supported Principles for Responsible Investment (PRI) in 2016, UTAM has consistently scored higher than the median PRI asset-owner signatory in all applicable responsible investing categories.

Our most recent PRI assessment and transparency reports cover activities in the 2022 calendar year, evaluating our progress in implementing responsible investing practices across asset classes compared to peer asset owner signatories.

“UTAM’s consistently strong ratings in PRI assessments are a reflection of how deeply integrated responsible investing is – and has been for many years – in all of our investment activities,” says Chuck O’Reilly, UTAM’s President and Chief Investment Officer. “Responsible investing is a long-term commitment that is integral to how we manage U of T’s assets.”

The table below provides a snapshot of our 2022 scores on each of the seven modules applicable to UTAM’s approach of allocating capital to managers and the Endowment’s asset class exposure. The PRI uses numerical scoring (one to five stars) and absolute grading (i.e., a single number grade out of 100) for each module.

We received four stars in each of the seven modules and achieved an average absolute score of 85 (within a range of 78 to 90).

 

AUM: US$1 billion to
US$10 billion		AUM: All
ModuleUTAMMedianMedian
Policy Governance & Strategy1★★★★ (90)★★★ (60)★★★ (65)
Listed Equities★★★★ (78)★★★ (60)★★★ (64)
Fixed Income★★★★ (87)★★★ (60)★★★ (61)
Private Equity★★★★ (87)★★★★ (71)★★★★ (66)
Real Estate★★★★ (87)★★★★ (67)★★★ (64)
Hedge Funds★★★★ (87)★★★ (49)★★★ (41)
Confidence-Building Measures★★★★ (80)★★★ (65)★★★★ (71)

The table also presents comparative median results for similar-sized, PRI-assessed global asset owners with assets under management (AUM) ranging between US$1 billion and US$10 billion as well as against all global asset owners, regardless of AUM size. As in past assessments, we outperformed the median PRI-assessed global asset owner regardless of which peer group we compare our results to.

About the PRI

The PRI is an international network of financial institutions working together to implement the PRI’s six sustainability-focused principles. Founded in 2005, the PRI is a leading proponent of responsible investment, with over 5,000 signatories around the world. As the organization explains on its website, it “works to understand the investment implications of environmental, social and governance (ESG) factors, and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.”

For more information on the PRI’s assessment process, visit unpri.org.

Read and download UTAM’s 2022 PRI Assessment and Transparency Reports.