ESG
The firm has completed its acquisition of a specialist global ESG and impact fixed-income investment manager, adding approximately $1 billion to its total assets under management.
Many nonprofit investors are increasing their sustainable investment strategies to combat shared concerns related to climate change and carbon emissions, according to a recent report.
The university is looking to invest $300 million of its short-term working capital in the debt securities of high-performing companies that meet a certain ESG rating threshold.
The university system has added a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The firm has launched a new forest sustainability fund to promote climate change mitigation with a $500 million target.
The university is looking to add more investments that promote the global transition to less carbon-intensive energy sources as part of its net-zero carbon emissions endowment goals.
Institutional investor incorporation of ESG into investment decision-making processes was down year-over-year, however, foundations and endowments integrated ESG at the highest rate, according to a recent survey.
The university system is considering adding a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The firm has appointed a chief responsibility officer effective Jan. 9 to oversee its corporate responsibility and responsible investing efforts.
The plan will receive ESG manager search results in February.