Recent News for the Intentional Endowments Network

Each week, the IEN posts relevant news and reports. Below you will find some news articles related to endowments and/or sustainable investing that we wish to highlight. For more, please visit the IEN news feed!

FACT SHEET: White House Announces Commitments to the American Business Act on Climate Pledge l the White House

October 19, 2015

  • On the 19th, the White House announced new commitments from companies from across the American economy who are joining the American Business Act on Climate Pledge. 

Empowering Women Drives Impact Investing l Financial Advisor 

By Jerilyn Klein Bier, October 23, 2015 

  • The key takeaways: empowering women is a key driver of impact, impact investing is moving into the mainstream, and interest will continue to expand as impact becomes more measurable and as millennials get further entrenched in the investing world.

UCOP announces pension plan with Japanese government l The Daily Californian

By Harini Shyamsundar, October 25, 2015 

  • On Oct. 21, the UC Office of the President announced it was the first U.S. pension plan and endowment fund to sign the Japan Stewardship Code to foster economic growth through greater involvement on the part of investors.

Divesting to Invest in Cleaner Energy l The Link

By Jonathan Caragay Cook, October 26, 2015

  • Almost a year since the Concordia University Foundation board announced they would divest $5 million from fossil fuels, they have chosen to reinvest the money into American fund Nelson Capital Management.

October 26, 2015

  • Legg Mason is committed to the Environmental, Social and Governance (“ESG”) space and, as of March 31, 2015 approximately 14% of the firm’s total long-term assets under management were invested specifically in ESG strategies.

Etho Capital introduces carbon-efficient sustainability index l ETF Strategy

By John Maher, October 27, 2015

  • Etho Capital, the US-based sustainable investment manager, has launched the Etho Climate Leadership Index (ECLI), a diversified index that is divested from fossil fuels and focused on climate efficiency in other industries. The company plans to launch an exchange-traded fund based on US equities in the index later in 2015.

NYU Community Threatens to Withhold Donations unless University Divests l NPQ

By Shafaq Hasan, October 27, 2015

  • One campaign from New York University may have found the golden ticket: threatening to withhold donations unless the univerisity acquiesces. 

Blackrock reveals how it could make it easier for investors to ditch fossil fuels l Business Green

By Jessica Shankleman, October 28, 2015

  • BlackRock, the world's largest asset manager, is considering launching a fossil fuel free fund as they are warned about the potential impact of climate change on investments.
Fossil fuel companies aren't just bad for the climate - they're bad investments l Grist

By Ben Adler, October 28, 2015

  • Activists often use moral language when advocating for divestment from fossil fuel companies: It is wrong to participate in the destruction of our planet, say college students and the parishioners of liberal churches. We should express our disapproval by divesting, they argue, and help to build momentum for carbon regulation and cleaner energy sources.

Bloomberg Brief -- Sustainable Finance l October 29, 2015

  • This weeks Bloomberg Brief discusses NYC decision to hire an advisor to weigh cliamate risk when investing their pension fund and how the Department of Labor (DOL) is strengthening responsible investing guidance. 

MIT sit-in for divestment by president's office hits one-week mark l The Tech

By Katherine Nazemi, October 29, 2015  

  • Members of student group Fossil Free MIT are staging a sit-in outside of President L. Rafael office to protest of what they see as inadequacies in MIT's climate action plan.