Endowment Value: $715 million (June 2018)
Villanova University is a private research Roman Catholic university located in Radnor Township, Pennsylvania. Founded by the Order of Saint Augustine in 1842, VU is the oldest Catholic university in the Commonwealth of Pennsylvania. It has a student body of approximately 6,800 students.
In 2007, Father Donohue signed the American College & University Presidents’ Climate Commitment (ACUPCC), vowing that Villanova would achieve carbon neutrality by 2050. To achieve this, Villanova will invest in improving campus infrastructure efficiency, as well as purchase carbon offsets and renewable energy for the energy required to run campus operations. In April 2014, Father Peter signed the St. Francis Pledge, committing the University to protect God's Creation and advocate on behalf of people in poverty who face the hardest impacts of global climate change.
In January 2019, over 200 students and faculty held a town hall meeting to discuss the issue of climate change. Proposals at the meeting called upon the administration to take stronger initiatives including hiring new personnel, both in faculty and operations, to focus on climate change, moving to being carbon neutral by 2030 instead of 2050, creating a new Center for Sustainability and divesting any fossil fuel investments.
Villanova has a Committee on Social Responsibility Proxy Votes that is comprised of faculty, student, and staff representatives. It conducts its activities in accordance with the investment guidelines issued by the US Conference of Catholic Bishops. It was established in order to fulfill Villanova’s investment policies that require exercising its rights as a shareholder to vote proxies in a socially responsible manner.
Villanova’s School of Business is home to the first socially responsible student managed fund in the country which invests in socially responsible mutual funds with positive screens.
Villanova University is a participant or member of the following Initiatives & Commitments:
- IEN Member (2016)
- AASHE STARS: Yes, Silver
- ACUPCC: Yes, Climate Neutral by 2050
- Billion Dollar Green Challenge: No
- CDP: No
- Committee on Investor Responsibility: Yes
- Divestment Goal: No
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: Yes
- Sustainable Investment Policy: No
- Principles for Responsible Investment: No
Other Sustainable Investing Practices