The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The strategy will focus on investing in growth-stage businesses with proven technology and mission-driven management teams in the areas of planetary health, people health and financial inclusion.
An investment advisor has agreed to a cease-and-desist order, censure and a $1.5 million penalty to settle charges with the Securities and Exchange Commission, which found the firm made misstatements and omissions about ESG considerations in its mutual funds.
As institutional investors increasingly embrace ESG investing and net-zero carbon emissions goals, suitable investment options have not kept pace, according to a recent report.
Upcoming bill discourages private colleges and universities with endowments of over $1 billion from investing in entities that have been deemed an unacceptable national security risk.
College will phase out its indirect investments in fossil fuels, including real assets funds related to oil and gas extraction, with the goal of completing liquidation of the funds by 2033.