In 1972, Harvard established the Advisory Committee on Shareholder Responsibility and the Corporation Committee on Shareholder Responsibility. The ACSR considers shareholder resolutions and makes recommendations to the CCSR, which makes decisions on how Harvard would vote on those resolutions based on the ACSR’s recommendations and the Harvard Corporation’s fiduciary duty.
In 2013, Harvard established the Social Alternative Fund, managed separately from Harvard’s endowment and invested with special consideration given to social responsibility issues. In the same year, the Harvard Management Company created the position of Vice President of Sustainable Investing, who works to integrate sustainability principles into Harvard’s investment policy and acts as the liaison between the Management Company and other ESG-related organizations at Harvard. This role was first filled by Jameela Pedicini, who departed from the position in late 2015. As of 2016, the Harvard Management Company is working on refilling the position.
In 2014, Harvard became the first organization in the United States to be a signatory of both the Carbon Disclosure Project and the United Nations Principles for Responsible Investment. The Harvard Management Company’s sustainable investment approach outlines three methods of investing more sustainably, to read the full policy click here.
Harvard University is a participant or member of the following Initiatives & Commitments:
- AASHE STARS: No
- ACUPCC: No
- Billion Dollar Green Challenge: Yes
- CDP: Yes
- Divestment Goal: No
- Committee for Investor Responsibility: Yes: The Advisory Committee on Shareholder Responsibility
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: Yes
- Sustainable Investment Policy: Yes
- Principles for Responsible Investment: Yes
Other Sustainable Investing Practices:
Harvard has a social choice fund that considers student proposals in investment decisions. Harvard's social choice fund is unique in that is has no minimum donation amount. This fund makes the investment option accessible to many donors.