ESG
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.
The university’s board of trustees voted to dissociate from 90 companies that are active in the thermal coal or tar sands segments of the fossil fuel industry in early September as part of its goal to achieve net-zero greenhouse gas emissions in its endowment.
The foundation has transitioned its endowment to mission-related investments that promote environmental sustainability.
The plan concluded its ESG-focused manager search in the second quarter.
The ceo will stay on through April as an advisor to ensure a smooth transition.