Summary: QUEEN'S UNIVERSITY
STATEMENT ON RESPONSIBLE INVESTING
(approved by the Board of Trustees, March 6, 2009)
In recent years, there has been considerable discussion/activity on the topic of responsible investing.
Responsible investment approaches are based on the belief that environmental, social and governance
("ESG") factors can be material to shareholder value across industries and through time.
The purpose of this statement is to set down the principles which govern investments at Queen's and to
provide details on the process under which non-financial factors will be considered in investment
I. GENERAL STATEMENT ON FIDUCIARY DUTIES
The Board of Trustees has the overall responsibility for the management of the investment funds of
Queen's University. To help ensure that its investment responsibilities are met, the Board has appointed a
Pension Committee and an Investment Committee the latter having responsibility for the Pooled
Endowment Fund and the Pooled Investment Fund.
Each committee has developed a Statement of Investment Policies and Procedures ("SIP&P") with the
objective of ensuring continued prudent and effective management of the fund(s) under its mandate.
The Board of Trustees, the Pension Committee and the Investment Committee all have fiduciary duties
with regard to the various funds. In an investment context, fiduciary duties include the duties of prudence
and loyalty. The duty of prudence requires that investment decisions take into account appropriate plan-
specific factors, the specific nature of the investment under consideration and the investment portfolio at