Carleton College
Endowment Value: $1.2 billion (2021)
Carleton College is a private college located in Northfield, Minnesota. The Carleton Responsible Investment Committee (CRIC) was established in 2005 and is composed of students, staff, and faculty. The primary purpose of the CRIC is to make recommendations about the management of the endowment to the Board of Trustees to ensure that the endowment embodies Carleton's values. For example, within the past three years, the Committee has supported multiple shareholder resolutions that strengthened environmental, social, and governance policies of companies in its investment portfolio.
In addition, in the wake of growing student mobilization for fossil fuel divestment, students from the CRIC organized a student-led town hall discussion on the pros and cons of divestment in the fossil fuel industry
According to the most recent STARS Report, “while Carleton does not have a sustainable investment policy, the College aims to invest with managers whose standards of propriety, fairness, and ethical integrity align with those of the College. The College tries to select managers that will generate superior returns, but not at all costs, and make investments in a responsible manner that takes into account societal impacts.” The College also reports that a percentage of its endowment is invested in sustainable industries such as renewable energy and sustainable forestry.
Carleton College is a participant or member of the following Initiatives & Commitments:
- IEN Member: No
- AASHE STARS: Yes, Silver
- ACUPCC: Yes, Climate Neutral by 2050
- Billion Dollar Green Challenge: No
- CDP: No
- Committee on Investor Responsibility: Yes
- INCR: No
- Divestment Goal: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: Yes
- Sustainable Investment Policy: No
- Principles for Responsible Investment: Yes
Other Sustainable Investing Practices and News: