The board of governors and board of trustees of a university in the Northeast approved divesting its endowment from fossil fuel investments on March 9.
Investors are changing the way that they factor in sustainable investing themes and their engagement with private capital is the key to providing better sustainability data to enhance portfolios in 2021, according to recent research.
A university in New England has reduced its overall exposure to fossil fuels to less than 2% of its endowment as part of its initiative to transition its portfolio to net-zero greenhouse gas (GHG) emissions by 2050.
A university based in the Mid-Atlantic region agreed to significantly reduce its investments with fossil fuel companies within its endowment last week.
A coalition of Canadian university endowments and pension plans has announced a new initiative to engage corporations on climate change to reduce climate-related risks in their investment portfolios.