Last week a team of experts launched the Proxy Preview 2019 guide, providing institutional investors with a key tool for shareholder engagement on environmental, social, and governance (ESG) issues.
The Intentional Endowments Network is a peer learning network of colleges, universities, and other mission-driven institutional investors working together to achieve their risk and return objectives through investment actions that create a thriving, sustainable economy. As of March 2019, we have nearly 160 network members including endowments, asset managers, investment consultants, nonprofit partners and individuals.
This broad-based, collaborative network focuses on creating:
“As a peer learning network comprised of foundation staff, CIO's and trustees, hearing from people they trust and see as credible as fiduciaries is crucial..."
- Garrett Ashley, Vice Chancellor for University Relations and Advancement, California State University
Higher Eduction is the only sector capable of creating the broad scale and necessary change in mindset, skills and values of government, business and other professional leaders. Society looks to higher education to identify solutions to major problems, anticipating future challenges, and developing innovative strategies and models that will enable progress – to be a role model for what society might look like.
We are faced with the greatest intergenerational equity challenge in modern history. If we continue business as usual, today’s students and their children will find themselves in a world with greatly diminished prospects for a good quality of life, peace and security.
All investments we make have health, environmental and societal impacts. We hope that it is a positive impact but sometimes we have consequences that we did not plan for in our quest for financial return. We need to be intentional about the impact we want.
“We cannot solve today’s problems at the same level of thinking at which they were created."
- Albert Einstein
Humanity is at a crossroads without historical precedent. Challenges related to climate change, water, food, economic inequality, poverty and social unrest pose an existential threat to society.
“The truth is we’ve wasted 40 or 50 years since the basic fact about serious manmade climate damage became known. … by the time we’ve fully decarbonized our economy… a great deal of damage will have been done.”
- Jeremy Grantham
“I wanted to reach out to extend my congratulations on a very well run and effective conference last week...The conference content was very engaging and I found myself taking away some actionable items for our practice moving forward."
- Kelly Green, Graystone Consulting (Morgan Stanley)
“As a trustee and the chair of the Investment and Business Affairs Committees at Northland College, I've found the Intentional Endowments Network to be an invaluable resource. Anyone with a "duty of care" that comes with fiduciary responsibility will find the peer networking and the library of information on the website very useful"
- Mike Fiorio, Trustee, Northland College
Endowments have a unique opportunity where doing the right thing for the climate – reducing their exposure to stranded carbon asset risk, and investing solutions – is also the smart thing for their investment portfolios.
– Bob Litterman
Chair, Risk Committee
Kepos Capital LP
Location: Yale University, New Haven, CT
Location: Philadelphia, PA
Location: New York, NY
In January 2019, the CFA Institute endorsed ESG integration in investment analysis. As noted in the position statement's release, "Key points in the new Statement include the duty of CFA charterholders to factor in all material information, including material ESG factors into investment analysis, unless contrary to client wishes. The Statement notes that such factoring is consistent with an investment manager’s fiduciary duty."
By: Georges Dyer, Co-Founder and Principal, The Intentional Endowments Network and Timothy Carter, President, Second Nature After a year of alarming evidence on the urgency of climate change – from direct experience with extreme weather events to the latest findings of the Intergovernmental Panel on Climate Change (IPCC) – over 300 cross-sector leaders convened in Tempe, Arizona, February 10-12 for the 2019 Higher Education Climate Leadership Summit. This year’s gathering, co-convened by Second Nature and the Intentional Endowments Network (IEN), was an interactive, outcome-oriented Summit, focused on the theme of “Local Action. Global Impact.”