Colleges and universities, philanthropic foundations, and other endowed institutional investors could see better financial returns and lower their portfolio risk by divesting from fossil fuels, according to a new report released this morning by Tellus Institute, Responsible Endowments Coalition, Sustainable Endowments Institute, and 350.org. Continue Reading →
Tag Archives | Responsible Endowments Coalition
The Responsible Investment at Harvard Coalition recently announced it had invested contributions from 450 donors in a socially responsible fund withheld from Harvard University. The Fair Harvard Fund, designed as an alternative endowment fund, will be invested in the Portfolio 21 Global Equity Fund.
According to Harvard undergraduate and investment committee member Michael Danto: Continue Reading →
Harvard Management Company, the wholly-owned subsidiary of Harvard University that manages Harvard’s endowment, will establish a new senior level position devoted to overseeing the environmental, social, and corporate governance-related aspects of the university’s investments. Continue Reading →
As students around the country are asking their university endowments to do the climate math and divest from fossil fuel companies, the financial community is responding with its own math, the “investment math,” to determine the risk impact of carbon divestment. Aperio Group LLC, a financial advisory firm that manages customized portfolios for a range of values-based investors, released its latest analysis of the risks of divesting from carbon: Do The Investment Math: Building a Carbon Free Portfolio. Continue Reading →
On February 15th, the Responsible Endowments Coalition honored Anuradha Mittal, the Executive Director of the Oakland Institute. Anuradha spoke about university investments in land grabs—the act of buying up vast tracts of land in poor countries that often result in environmental destruction and violations of human rights. Continue Reading →