University of Mosul Sustainable Investment Policy

University of Mosul Sustainable Investment Policy

1. Title

University of Mosul Sustainable Investment Policy

2. Purpose / Objectives

This policy aims to guide the University of Mosul’s investment decisions toward achieving a balance between financial returns and environmental and social impacts, thereby strengthening the university’s commitment to the Sustainable Development Goals (SDGs). The policy also seeks to reduce risks associated with climate change and social challenges while supporting projects that create positive outcomes for both society and the environment.

3. Scope

This policy applies to all investments undertaken by the University, whether direct or indirect, including:

  • Research projects.

  • Real estate development.

  • Investment funds.

  • Partnerships with public and private sectors.

4. Principles / Commitments

  • Integration of Sustainability Standards: Adopt Environmental, Social, and Governance (ESG) principles as the basis for investment decisions.

  • Responsible Exclusion: Avoid investments that harm the environment or society, such as high-emission industries or activities violating human rights.

  • Priority for Sustainable Investments: Favor investments in renewable energy, education, health, and sustainable innovation.

  • Promoting Diversity and Inclusion: Support institutions and companies committed to social justice, equality, and empowerment of vulnerable groups.

  • Transparency and Accountability: Ensure that all investment decisions are clear, publicly disclosed, and subject to review.

5. Procedures / Implementation Mechanisms

  • ESG Integration: Evaluate investment projects using ESG criteria before approval.

  • Risk Assessment: Conduct studies to identify potential climate and social risks, with mitigation strategies in place.

  • Project Selection Mechanism: Apply a prioritization framework to invest in projects with long-term positive impacts on society and the environment.

  • Documentation and Disclosure: Prepare reports outlining the criteria and rationale behind investment decisions.

6. Responsibilities

  • University Investment Committee: Responsible for evaluating and reviewing investment projects according to sustainability standards.

  • University Senior Management: Approve final decisions and review periodic reports.

  • Financial Units: Monitor financial performance and ensure alignment with the university’s strategic directions.

7. Monitoring and Evaluation

  • Periodic Reporting: Provide annual reports to senior management on investment performance and its environmental and social impacts.

  • Performance Indicators: Develop both quantitative and qualitative indicators to measure the alignment of investments with sustainability principles.

  • Audit Mechanisms: Carry out regular audits to ensure compliance of invested companies or institutions with agreed standards.

8. Review and Updates

This policy shall be reviewed every three years, or as needed, to ensure alignment with global developments in sustainable investment practices and to update it according to international standards and best practices.

9. Link to Global Goals (SDGs)

  • Goal 7: Affordable and Clean Energy.

  • Goal 8: Decent Work and Economic Growth.

  • Goal 9: Industry, Innovation, and Infrastructure.

  • Goal 12: Responsible Consumption and Production.

  • Goal 13: Climate Action.

  • Goal 17: Partnerships for the Goals.

Approved by: Presidency of the University of Mosul.

Last updated: 24-12-2024.