As announced in Sept 2021, the CEU Executive Board unanimously adopted a Statement of Intent to investigate the development of a CEU Reconciliation and Responsible Investment Initiative (RRII) Fund.

In the last 5 months, the CEU Investment Committee members explored this initiative through various meetings with: our banking institution (Vancity); our Fund Managers – Vancity Investment Management (VCIM); and Shareholder Association for Research & Education (SHARE).

With the help of a consultant who has worked with similar impact investment initiatives on Socially Responsible Investing (SRI), the CEU Investment Committee unanimously endorsed a draft RRII Investment Fund Policy.

On February 11, 2022, the CEU Executive Board accepted the endorsement and adopted it as a formal RRII policy.

With this RRII policy now in effect, the framework has been laid out on implementing this fund. We are proceeding with (a) Due Diligence and (b) Risk-Financial Return-Impact assessments on the available investment options.

The resulting assessments will be presented to the Investment Committee for their recommendation to the Executive Board.

If you have questions, on the CEU RRII Fund, you are welcome to contact either;

• Michael Hess, CEU Treasurer/Investment Committee Chairperson (ac.cb.uecobfsctd@ssehleahcim); or
• Laura Snow, CEU President (ac.cb.uecobfsctd@wonsarual).