ESG
The college approved a new investment policy statement that included a directive to divest direct exposures to weapons manufacturers.
The foundation is searching for a firm to design and implement a comprehensive impact-investing strategy for its investment portfolio, including designing allocation models, targets or benchmarks across asset classes around the themes of health, education and the environment.
Pushback on ESG practices has been growing for several years, but a large-scale abandonment of the investment practices has yet to emerge and seems unlikely, a new study finds.
The university recently added core fixed-income allocations with an existing manager as part of its goal to divest its portfolios from fossil fuel exposures.
The fund has received a gift from a philanthropist that will be used to support its $1 billion capital campaign and be invested in its pooled endowment to grow member institution portfolios.
The board voted to divest from companies owned or controlled by the Chinese Communist Party on Sept. 24 and expects the action to be completed by early 2026.
The college decided against divesting its endowment from military weapon manufacturers earlier this year.
The investment company is seeking entities to provide proxy voting services, including proxy research and recommendations, custom policy implementation, proxy vote execution and web voting disclosure.
with endowments worth more than $1 billion on problematic investments in listed adversarial entities.
The foundation has added several managers focused on environmental or social impact to its portfolio over the past year.