Endowment Value: $1.77 billion (June 2018)
Georgetown University is a private college, located in Washington, D.C. Georgetown’s strong Catholic and Jesuit identity mandates that the University has both moral and ethical responsibilities to pursue a mission-driven investment strategy that is consistent with its founding values of social justice, protection of human life and dignity, stewardship for the planet and promotion of the common good. The University’s current socially responsible investing (SRI) policy was approved by the Board in 2017. Georgetown also has a Committee on Investments and Social Responsibility (CISR) that is charged with making recommendations regarding the University’s voting of shareholder proxies and advising the Subcommittee on Investments of the Committee on Finance and Administration.
In 2015 the Board of Directors officially approved the decision to divest from direct investments in companies whose principal business is the mining of coal for use in energy production based on proposals and petitions submitted by Georgetown University Fossil Free, a student group dedicated to pressuring the university to divest from fossil fuels. In 2018 the University also elected to divest from companies whose primary business involves the extraction of tar sands, and industry with not only a detrimental effect on the environment but also the public health of communities living near extraction sites.
Initiatives & Commitments:
- AASHE STARS: Yes, member
- ACUPCC: No
- Billion Dollar Green Challenge: No
- CDP: No
- Committee on Investor Responsibility: Yes, Committee on Investments and Social Responsibility
- Divestment Goal: Yes, Partial
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: No
- Sustainable Investment Policy: Yes
- Principles for Responsible Investment: No
Other Sustainable Investing Practices: