A church is requiring its pension board and foundation to divest from five oil and gas companies as they do not align with its social or ethical values.
The plan approved a consultant recommendation to swap out its domestic small-cap core equity mandate due to a change in the firm’s investment process.
The fund approved a new strategic asset allocation for its liquid account in June, increasing targets across its equity portfolio as well as core bonds through the elimination of a fixed-income allocation.
The university adopted a new environmental and socially responsible investment policy in June to incorporate an ESG lens while moving beyond negative screening.