MRI/Social Investments
First director of impact investment strategy will lead and direct the fund’s endowment after it updated its investment strategy to align the management of the portfolio with its mission and values, including racial, social and economic justice.
The $100 million commitment will address educational, social and economic disparities caused by its “extensive entanglements with slavery.”
But some have reservations about ESG, with 75% noting that ESG mutual funds often contain companies that they do not consider socially or environmentally responsible.
Hire has been self-employed as an impact investing consultant since leaving his most recent role as director of research and consulting at nonprofit impact investor Pacific Community Ventures.
University is pursuing clean energy investments to mitigate the negative impacts of climate change as it has barred public investments in fossil fuel companies.
First Sentier Investors has appointed three members to newly created positions on its sustainable and responsible investing team, the firm announced.
The new investor responsibility framework was developed to guide the company’s investment approach and align with broader sustainability and social responsibility objectives of its founding institution.
A Catholic foundation in the Midwest is looking to add more impact-focused real assets and special situation investments this year.
The number of nonprofit groups using ESG or impact investment strategies have increased, but many worry about returns.
A growing number of independent schools are talking about responsible investing, though they have been slow to implement.