SFU first university to choose Vancity Community Investment Bank Impact GIC

Simon Fraser University is the first university in Canada to invest with Vancity Community Investment Bank (VCIB), which will help transform our communities and advance SFU-s commitment to responsible investment. The $10 million deposit in the bank's Impact GIC will finance housing, green energy and social projects across Canada. Including the VCIB Impact GIC, SFU now has more than $50 million invested in Socially Responsible Investment (SRI) funds and impact investments. Returns on investments are used to advance long-term academic, research and housing infrastructure strategies at SFU. -We-ve been looking to expand our responsible investments in ways that directly benefit people in our community,- says Jacky Shen, director of SFU-s treasury department. -Vancity Community Investment Bank supports projects that align with our values and we are proud to be the first Canadian university to invest with them. Other examples of responsible investments made by SFU include $40 million in a global sustainable equity fund, where companies are selected for growth potential and positive impact on the environment and society, and a US$4.5 million commitment to a clean technology fund.