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Sustainable investment policy

 

Introduction

AASTMT considers a comprehensive and forward-looking approach when making investment decisions. This approach encompasses various aspects, including environmental sustainability, social responsibility, and corporate governance considerations. The AASTMT Investment Policy indicates the following:

  1. Sustainability-Focused Investment Approach: We align our investment strategy with our sustainability goals. This includes directing a substantial part of our investment portfolio toward projects that promote environmental conservation, social equity, and economic prosperity.
  2. Investment in Renewable Energy: Acknowledging the importance of renewable energy in combating climate change, we invest in renewable energy initiatives, including but not limited to wind, solar, hydro, and bioenergy projects.
  3. Support for Sustainable Enterprises: We prioritize investments in start-ups and businesses that not only demonstrate potential for economic growth, but also operate responsibly with a strong focus on environmental stewardship, social equity, and good governance (ESG).
  4. Global Health Initiatives: We allocate resources to invest in initiatives aimed at tackling global health crises, including investments in medical research and development that align with our sustainability ethos.
  5. Green Building and Infrastructure: In line with our commitment to sustainability, our investments prioritize green building and infrastructure projects that meet internationally recognized sustainability standards.

Transparency and Accountability

AASTMT is committed to transparency and accountability. We make this policy publicly available on our website and other official platforms. We also publish an annual Sustainability Investment Report, detailing our investment actions and their alignment with our sustainability goals.

We believe this policy will enable us to contribute to a more sustainable future and align our actions with our commitment to social responsibility. We understand that our financial decisions have the power to drive sustainable practices, and we are dedicated to using this power responsibly.

We invite our stakeholders, students, faculty, staff, and partners to join us on this journey towards a more sustainable and equitable future. We encourage feedback and suggestions on this policy as we believe that collective and informed action is key to driving sustainability.

Policy Statements

  1. AASTMT prioritizes a long-term approach in its investment strategy, taking into account environmental sustainability, social responsibility, and corporate governance considerations. 
  2. The primary emphasis when investing in the resources necessary for the institution is on sustainability as outlined in the “procurement policy”.   The university acknowledges the significance of environmental changes and the imperative for the globe to shift towards a more environmentally friendly and sustainable ecosystem in practical ways to facilitate this transition.
  3. AASTMT takes into account the adverse and beneficial effects of enterprises that could be detrimental to society or the environment and excludes them, instead choosing to invest in organizations that have a responsible culture, practices, and excellent governance.
  4. The AASTMT will convey its dedication to sustainable investing to investment managers and urge them to interact with company management in order to foster corporate responsibility.
  5. AASTMT conducts regular assessments of asset management, value, and investment utilization to ensure long-term sustainability.

Policy title:

Sustainable Investment

Date created:

May 2023

Approving body:

SDG Workforce Committee

Version:

Version 1

Last review date:

2023

Next review date:

2025

Policy owner:

Scientific Research and Innovation Deanery

Lead contact:

   Prof. Yasser Gaber Dessouky

Approval Signature

 Dean of scientific Research and Innovation