ESG
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The university considered adding a fossil fuel-free emerging markets equity strategy within an investment pool and two global equity strategies to its pension fund during its investment committee meeting earlier this month.
The plan’s contract with its current ESG investment option will expire.
The foundation has utilized the same manager for its investment portfolio since 2006
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
A sustainable and impact investing assessment found that the majority of surveyed endowments and foundations, 93%, have sustainable investing policies and practices in place with 73% having “sophisticated” or “robust” measures.
The firm has promoted a senior engagement specialist as its new head of ESG to integrate ESG issues across its investment strategies as well as investment policies, proxy voting and engagement practices.
The research analyst will conduct due diligence on sustainable investment products and managers as well as develop macroeconomic and capital markets research.
The university has finalized the members for its reestablished investment responsibility advisory committee, which advises on the management of its endowment through a social and ethical lens.
The university created the advisory committee to consider ethical issues and Catholic values surrounding investments within its endowment.