ESG
The university has divested its endowment from direct investments in fossil fuel companies and has set a more ambitious target for reducing its carbon footprint after reaching its initial target almost a decade ahead of schedule.
The organization launched a private market ESG fund that aligns with its environmentalist mission with an initial allocation of $19 million.
The firm hired a head of ESG to develop an ESG strategy and standardize and enhance its ESG strategies.
The firm has hired a portfolio manager within its multi-asset team to build out its sustainability investment offerings.
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.