ESG
The bill will now advance to the Ohio House of Representatives.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The university will consider gradually eliminating its fossil fuel exposures as well as pivot its target allocation toward illiquid strategies within its endowment this week.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
The university will begin divesting its endowment from fossil fuels immediately as it also explores options for clean energy investments.
The plan sees fixed-income opportunities in the decarbonization of the economy.
The plans were slated to receive an ESG manager search book this week and made several changes to their passive equity portfolio last month.
The university is looking to add sustainability investments to its endowment as it is on track to downsize its fossil fuel exposure over the next two decades.
The fund approved divesting its portfolio of direct holdings in companies that boycott energy companies and Israel after a state agency released a list of companies that must be divested from last year.
The firm launched an ESG fund targeting U.S.-based companies helping to facilitate clean energy, pollution reduction, energy efficiency and social justice.