Reports

Growth and investments

• The CUiF’s total value grew from $413M to $454M.
• Long-Term Pool returned 7.5%, while the Mid-Term Pool returned 2.8% over the fiscal year.

Annualized net returns

The Long-Term Pool has delivered a 10-year return of 5.8%, just below its strategic target, while the Mid-Term Pool has generated a return of 4.6% since inception, slightly surpassing its strategic target.

Sustainability goals

• As of April 30, 2024, the fund is 67% aligned with its 100/0/10 commitment and on track for completion in 2025.
• Investments in climate solutions, biodiversity and social equity projects have been expanded.

University support

• More than $5.2M distributed to Concordia to support students, research and operational needs.

Carbon reduction

• Reduced exposure to Carbon Underground 200 companies to 1.19% (down from 5.7% in 2019).
• The portfolio’s carbon emissions are now tracked using recognized frameworks for transparency.

Notable investments

• Clean energy and circular economy funds.
• Blue Impact Water Fund targeting water crisis solutions in Quebec.
• Expanded investments in climate-aligned infrastructure and green technologies.

Future transparency

• Plans to measure emissions for 100% of its portfolio, including private investments.

New structure

• Updated policies, a new board of directors and a full focus on responsible investment with supporting metrics and frameworks.
• Renamed as the Concordia University Inter-Generational Fund to reflect its long-term sustainability mission.

Proxy voting

• Developing guidelines for responsible investment issues to influence corporate behaviour.