RMIT has had a long-standing commitment to incorporating sustainability into our operations through genuine and practical actions. We are proud to be part of the world’s largest corporate sustainability initiative, the UN Global Compact, which tackles environment, human rights, labour and anti-corruption challenges. We have also hosted the UN Global Compact - Cities Programme since 2008, bringing together government, business and civil society to address complex urban issues.
We have new Responsible Investment Principles to guide our investment managers, to ensure that our portfolio minimises activities that have material impact on climate change, including involvement in fossil fuels, while screening for issues relating to public health and wellbeing. We will also monitor the portfolio in relation to globally accepted norms on corporate sustainability behaviours to ensure we meet our commitments to the UN Global Compact.
RMIT takes its obligations to the health of the planet seriously, to keep the global temperature rise under two degrees. Our independent financial advisers and fund managers respect this as signatories of the UN Principles for Responsible Investment (UN PRI) and are responding with innovative proposals to reflect our values.
The Responsible Investment Principles apply to the management and investment of the University Philanthropic Fund. This Fund represents the only pool of diversified financial assets managed by RMIT University.
RMIT University will work to ensure that in addition to financial considerations, Environmental, Social and Governance (ESG) issues are taken into account when making investment decisions.
- RMIT University requires investment managers of the Philanthropic Fund to monitor the portfolio in relation to globally accepted norms on corporate sustainability behaviours in the areas of Human Rights, Labour, Environment and Anti-Corruption.
- RMIT University will instruct investment managers of the Philanthropic Fund to ensure that, where practicable, the portfolio:
a. minimises activities that have material impact on:
i. climate change, including involvement in fossil fuels; and
ii. public health and wellbeing
b. fully complies with international conventions, including those ratified by the Australian Government, such as the Ottawa Convention on Anti-Personnel Mines and the International Convention on Cluster Munitions.
3. RMIT University requires investment managers engaged by RMIT University to be a signatory to the UN Principles for Responsible Investment (PRI).