Endowment Value: $17.09 million (June 2018)
California State University, East Bay is a public university located in Hayward, California. CSU East Bay is part of the 23-campus California State University system and has a student body of almost 16,000 students. California State University East Bay's endowment is directly managed by the Cal State East Bay Educational Foundation. The Foundation is governed by a board of trustees who work closely with the University to build commitment and funding to sustain and grow the University.
According to the Foundation’s 2015 Investment Statement Policy, “the Foundation shall establish an SRI/ESG long-term portfolio to provide an option to donors who wish to maximize return, consistent with safety of principal, while “screening” to exclude companies pertaining to industries such as alcohol, nuclear power, firearms, tobacco, military weapons, life ethics, gambling, and adult entertainment. The fund will also consider qualitative screens such as environment, diversity, overseas operations, community and employee relations, as well as product quality and safety. However, as of 2019 the SRI/ESG fund has not yet been utilized this fund yet since no donor has requested to invest their gift in such a fund.
Fossil fuel divestment sentiment among students and faculty is strong on campus, as seen in May 2015, when the California faculty association’s CSU East Bay chapter passed a resolution supporting the petition calling on the California Public Employees’ Retirement System (CalPERS) to divest from the 200 largest fossil fuel corporations as well as other student-driven petitions.
California State University, East Bay is a participant or member of the following Initiatives & Commitments:
- IEN Member (2016)
- AASHE STARS: Yes, Bronze
- ACUPCC: Yes, Climate Neutral By 2040
- Billion Dollar Green Challenge: No
- CDP: No
- Committee for Investor Responsibility: No
- Divestment Goal: No
- INCR: Yes
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: Intent
- Sustainable Investment Policy: Yes, Part 3 Section D (Page 10)
- Principles for Responsible Investment: No