Concordia University
PAE-T2-8: Socially Responsible Investment Policy

Pension Plan for the Employees of Concordia University's Responsible Investment Policy:

The Concordia University Pension Plan is a defined benefit pension plan for the employees of Concordia
University. The primary goal of the Pension Plan is to provide its members and beneficiaries with an
adequate level of retirement income at a reasonable cost. The prudent and effective management of the assets of the pension fund has a direct impact on the achievement of this goal.

The Plan is sponsored by Concordia University and governed by a Pension Committee (“the Committee”) composed of representatives of the employer, employee organizations, retirees as well an external independent member.

In light of its sponsor’s mission and community, the Committee created a Sub -Committee on Responsible Investment with a mandate to assess the subject of responsible investment and its potential application to the pension fund.

Responsible investment entails the integration of environmental, social and governance (known as
“ESG”) considerations into decisions to buy, sell or retain assets and in the exercise of ownership rights.

The purpose of the Responsible Investment Policy is to create a framework to guide the implementation of responsible investment practices in accordance with the Plan’s Statement of Investment Policies and
Procedures.

In implementing its investment activities, the Committee is guided by the following principles:

The responsible investment policy will be implemented in a manner consistent with the fiduciary duty owed to plan members and beneficiaries, as defined in its internal regulations. The Plan’s funds are invested to achieve a rate of return that meets the Plan’s obligation without undue risk of loss. To the
degree that it does not conflict with the primary objective of the Plan, the Committee will consider
responsible investment principles in the conduct of its affairs.

Environmental, social and governance risks may damage companies’ reputations, which in turn can lead to financial underperformance. The disclosure of information on corporate environmental, social and governance performance will help investors better assess the above risks and opportunities in the companies in which they invest.

Fair, efficient and sustainable capital markets require the active involvement of all market participants, including pension funds. Consistent with its duty to plan members and beneficiaries, the Committee will make reasonable efforts to convince Fund managers to invest in a manner that promotes environmental
sustainability and high standards of corporate social responsibility and corporate governance.