A foundation based in Chicago will divest its investment portfolio from fossil fuel industries and invest more in renewable energy to mitigate the effects of global climate change.
Twelve investment consulting firms have launched the Net-Zero Investment Consultants Initiative with the goal of achieving global net zero greenhouse gas emissions by 2050 or sooner, according to an announcement.
A foundation in the Midwest has named an investment director as deputy cio effective immediately and he will succeed its v.p. and cio next year after he retires.
A governmental department has issued a call for one or more investment managers, funding vehicles and nonprofit and for-profit organizations to implements a social finance fund.
A university in New England will not directly invest in companies that explore for or develop fossil fuels and will refrain from indirect investments in funds with holdings in the fossil fuel industry going forward.
A university in the Mid-Atlantic region has seen the percentage of women- and minority-ownership increase at the investment managers within its endowment year over year, according to a recent report.