Endowment Value: $10.8 billion (June 2018)
Columbia University is a private institution located in New York City. The Columbia Investment Management Company (CIMC) manages the University's endowment. Columbia established the Advisory Committee on Socially Responsible Investing (ASCRI) as a permanent addition to the University in March 2000. The Committee's purpose is to advise the University Trustees on ethical and social issues that arise in the management of the investments in the University's endowment. To ensure that the Committee is broadly representative of the University community, its twelve voting members are drawn in equal proportion from students, faculty, and alumni of the University.
The ACSRI maintains clear and comprehensive guidelines for the endowment’s socially responsible investment proxy voting that includes positions on a variety of issues including the environment. According to The University’s most recent STARS report, Columbia currently performs negative screenings for tobacco producers/manufacturers, private prison operators, companies deriving more than 35% of their revenue in thermal coal production, and those implicated in human rights abuses. Like most Ivy League Universities, Columbia has considered various student initiated proposals to divest from all fossil fuels, the most recent being in 2012, but has yet to adopt explicit policies.
In addition to various sustainability initiatives across campus and operations, Columbia University houses the Columbia Center on Sustainable Investment (CCSI), which is a joint center of Columbia Law School and the Earth Institute at Columbia University, and the only university-based applied research center and forum dedicated to the study, practice and discussion of sustainable international investment.
Columbia University is a participant or member of the following Initiatives & Commitments:
- AASHE STARS: Yes, Gold
- ACUPCC: No
- Billion Dollar Green Challenge: No
- CDP: Yes
- Committee on Investor Responsibility: Yes
- Divestment Goal: Yes
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: No
- Sustainable Investment Policy: Yes (advisory role)
- Principles for Responsible Investment: No
Other Sustainable Investing Practices and Resources from Columbia University: