A university on the West Coast approved convening a committee to investigate a proposal to divest its endowment of fossil fuels and reinvest in more environmentally sustainable assets at its board meeting earlier this month.
Foundations considering moving all or some of their investment portfolios into impact investments can learn important lessons from the groundwork that early movers in the space laid as pioneers, according to a recent report.
Palmira Capital Partners has appointed a head of sustainability to lead its ESG team and ensure that ESG criteria are observed in investment decisions, in asset management and in the corporate environment.
A nonprofit organization in the Midwest has divested its endowment from fossil fuels and selected an investment advisor to manage the portfolio effective July 1.
A foundation based in the Midwest expects to make additional program-related investments later this year after approving a loan for a pharmaceutical and health services startup at its May board of directors meeting.