ESG
The New York-based firm hired its first-ever director of sustainability to provide customized sustainability services to support the advancement of commercial real estate sustainability and decarbonization.
McGeveran, who leads the Minneapolis-based foundation’s investment team, took the time to answer 5 questions with FIN News.
The foundation has added a private equity strategy and an active global equity fund as part of its commitment to achieve net-zero carbon emissions across its endowment.
The university added real estate and venture capital commitments as it continues deliberations concerning fossil fuel divestment.
The university will now consider sustainability factors as part of its investment decision-making process after approving a new investment policy statement this summer.
The advisory council seeks to measure and monitor investing beyond traditional impact investment or ESG integration.
The foundation added an investment in a global equity strategy focused on environmental sustainability, marking the first institutional investor commitment for the fund.
The foundation made a commitment to a private equity manager as it looks to achieve net-zero carbon emissions in its portfolio by 2030.
The treasurer’s office is divesting from the firm within the state’s 529 college savings plan.
The new cio began earlier this month and is based in Switzerland.