Weekly News Round-Up: July 26, 2019

This week, CBS News provides fodder for turning small talk about the weather into a discussion of sustainable investing with its story connecting this summer’s heat waves and the risks climate change poses to the U.S. economy.

There's still time to register for our July 30th webinar, Integrating ESG Options into Higher Ed Retirement Plans, to learn about a new area of work developing within the network and the latest trends in retirement investing.

New IEN Members
 

Renewing IEN Members

The network appreciates the continued engagement of Etho Capital.

 

Opportunities for Action

Universities and Colleges for the Climate Summit | SDG Accord

  • Deadline: August 1, 2019. In advance of the Secretary General’s Climate Summit on September 23, networks and institutions working in Higher Education are coming together to add their support to this letter that would be shared with key government officials and the media in advance of this event.

State of Impact Measurement & Management Practice Survey | Global Impact Investing Network 

  • Deadline: August 16, 2019. Organizations that have committed at least $10m to impact investments since their inception OR have made at least five impact investments; AND measure and manage their impact are invited to participate in this survey. The report generated by this survey provides critical insight to the various approaches to impact measurement and management, the market’s progress, and remaining challenges, and it is important for the endowment community to be represented. Click this link to participate. For more information, contact Rachel Bass, GIIN Research Manager, at rbass@thegiin.org.

Nominate a Young Professional for “30 Under 30” Award | SRI Conference

  • Deadline: September 4, 2019. To mark the 30th convening of The SRI Conference, organizers announced a new annual award designed to spotlight and nurture the emerging generation of leaders who will guide the SRI/ESG/impact investing industry well into the second half of the 21st Century.

2020 Higher Education Climate Leadership Summit Call for Proposals | Intentional Endowments Network and Second Nature

  • Deadline: September 30, 2019. Colleagues from all disciplines, backgrounds, and perspectives are encouraged to submit proposals for next-level conversations, workshops, and concurrent sessions for the 2020 Higher Education Climate Leadership Summit. If you have more general ideas for shaping the Summit, please submit them here.

Consortium Advisory Board Members Wanted | The Medical Society Consortium on Climate and Health

  • The Medical Society Consortium on Climate and Health (Consortium) unites physicians and other health professionals to speak out about the current health harms and future risks of climate change, and the significant health benefits of climate change solutions. Headquartered at George Mason University’s Center for Climate Change Communication, the consortium has 23 member societies with 600,000 physician members, and 33 affiliates with millions of members. The Consortium is establishing a Board of Advisors, and looking for candidates who are concerned about climate change, interested in health, and able to assist with contacts and fundraising. More information and application form available here.

Sign-on Opportunities:

 

New Resources & Reports

Appetite for Disruption: How Leading Food Companies are Responding to the Alternative Protein Boom | FAIRR

  • This report details how prepared 25 global food companies are when it comes to leveraging consumer trends and technology towards building a low-carbon protein portfolio. The report is an update of  FAIRR’s Sustainable Protein engagement, which was launched back in 2016 backed by 36 investors managing $1.25 trillion of assets. Today, the engagement is supported by 74 institutional investors, representing combined assets of $5.3 trillion.

Sulitest | Sulitest . org

  • The Sulitest initiative was created to help higher education institutions, companies and organizations around the world ensure that their graduates, employees, stakeholders and managers demonstrate core knowledge about the global challenges of the 21st century.
 

Sustainable Investing By Institutional Asset Owners

Report Examining Socially Responsible Investing at Pitt Released | The Pitt News

  • A 61-page report on the University of Pittsburg’s endowment, released by the University’s Socially Responsible Investment (SRI) Committee, weighs the positives and negatives of factoring SRI considerations into managing the University endowment, which support research funding, scholarships, advancements in technology and student life initiatives, among other projects. The SRI committee, which consists of Pitt students, faculty and staff, was formed in late 2017 to research socially responsible ways to invest the University’s endowment.

Dutch Pension APG Signs Government Climate Agreement | Chief Investment Officer

  • Dutch Pension APG signed a Parliamentary mandate calling for the region’s financial sector to push financial targets towards that of the government’s Climate Accord and the Paris Agreement. Nine large Dutch pension funds have signed on; it is not yet clear how the action will affect the funds, as many already have sustainable investment policies. To keep up with the terms of Parliament’s contract, they may have to make further exclusions in their investment portfolios.

UC Recognized for its Leadership in Sustainable Investment | University of California San Francisco

  • This spring the University of California Regents Investment Funds was included in the 2019 RAAI Leaders List: The 25 Most Responsible Asset Allocators. The Responsible Asset Allocator Initiative is focused on mobilizing capital from the world’s largest institutions toward responsible investing and has created the index to analyze and rate approximately 200 Sovereign Wealth Funds and Government Pension Funds on their responsible investing practices. This story includes a timeline of UC’s sustainable investing journey.
 

Sustainable, Responsible, Impact & ESG Investing

Impact Investing Needs to Rise to the Urgent Challenge of Reducing Racial Inequalities | Forbes

  • The Forbes 400 richest Americans are estimated to own more wealth than all black households plus a quarter of Latin households. Another estimate finds that the wealth owned by the median black family in the U.S. is only 2% of the $147,000 that the median white family owns. Right now, impact investing is in a high growth phase, and is maturing and becoming more legitimate. If we don't tackle racial diversity now, we run the risk that this does not become a burning issue, but remains marginalized and considered non-core. This article looks at how to move forward, and links to a webinar series on diversity and inclusion in impact investing.

ESG? Sure, we do that. | Medium

  • In this post, Jon Hale of Morningstar distinguishes between types of ESG integration and their application within traditional and/or sustainable investment approaches, arguing that as more and more asset managers integrate ESG into their investment process, the line between traditional and sustainable investments has gotten blurry.

(Watch) What the Future of ESG Investing Looks Like for Second Half of 2019 | TheStreet

  • In this interview, Impact Shares CEO Ethan Powell discusses the evolution of ESG investing, noting that while ESG (or socially responsible) investing isn't about politics, it will no doubt get more politicized as the 2020 elections get closer.

Making ‘Impact’ the Norm for Future Investments | Raconteur

  • Former head of Allianz Global Investors UK Elizabeth Corley makes predictions for the future of investing and sets out what is needed to integrate impact into everyday decision-making. As co-chair of the newly established Impact Investing Institute, she hopes to persuade the world of finance to become as excited about delivering social and environmental good as it is about making money.

Disruptive ETFs Face a Disruption Themselves | Washington Post

  • ETFs have new competition, and its name is ESG. This article looks at the reasons exchange-traded funds have thus far struggled to attract the rapidly growing ESG/social investing market, and how more customizable portfolios might bridge that gap.

Investment Consultant Support to Trustees on ESG ‘Generally Poor’ | Pensions Age

  • Support for trustees from investment consultants is “generally poor” when it comes to the topic of ESG issues, according to Dalriada Trustees senior trustee representative Vassos Vassou, raising several concerns relating to the way ESG issues are handled by trustees and investment consultants and asset managers.

ESG Investing Firmly on the Investment Map with BHP Latest to Pledge Major Climate Push | Mining MX

  • A report that 2/3 of Canadian asset managers employ ESG investing in some form was published amid heightened awareness among the investment community of the need to ensure mining firms ‘do the right thing’ in respect of the societies and communities in which they operate. Increasingly, the large mining firms have turned their backs on thermal coal production, BHP thought to be the latest to consider an exit.

Opinion: Critics of ESG Funds Are Wrong — Sustainable Investing Delivers Competitive Returns | MarketWatch

  • Responding to a recent critique of sustainable investing, US SIF chief executive Lisa Woll presents extensive data on the scope and strong performance of sustainable investing funds.

US Academics Challenge Whether ESG Investing Must Be Fiduciary Duty | IPE

  • Two US law professors have challenged one of the key narratives deployed by the Principles for Responsible Investment (PRI) and others in favour of ESG investing. According to Max Schanzenbach, of the Northwestern Pritzker School of Law, and Robert Sitkoff, at Harvard Law School, the argument that ESG investing by pension trustees is mandated under fiduciary principles was usually based on a “syllogism” riddled with errors.

Most Hedge Funds Don’t Consider ESG Factors When Stockpicking | Chief Investment Officer

  • Although ESG investments are gaining importance among institutions such as pension funds, endowments, and foundations, hedge funds are not as interested, according to the latest quarterly survey from index provider BarclayHedge. The firm says 41% of respondents considered these factors in their allocations. 

Buy-Side Pressure Puts ESG on the Main Stage | Nasdaq

  • Global investor interest in ESG has intensified this year as the buy-side has made ESG a top priority and is increasingly putting pressure on companies to improve and report on sustainability practices. This article reviews research on the increasing salience of ESG factors, particularly in the U.S. market.

Islamic Finance Has Potential for 'Impact Investment' | Antara News

  • Islamic finance has a big potential for ‘impact investment’, Indonesia’s Deputy Minister of Finance said at the 4th Annual Islamic Finance Conference. The current concept of impact investment in Islamic finance was set in motion by the Indonesian government through the issuance of green sukuk (Islamic bonds), used to build railroad lines, waste management for 3.4 million households,and 121 mini solar power plants.

Green Transition Scoreboard Reports over $10 Trillion in Private Green Investments | GreenMoney

  • Ethical Markets Green Transition Scoreboard, annually tracking private green investments worldwide since 2009, now finds a cumulative $10.4 trillion, as of May 2019, invested in renewable energy, energy efficiency, life systems, green construction, and corporate green R&D.

Insurers Are Taking on Board ESG | Funds Europe

  • A recent Funds Europe roundtable on insurance asset management considered whether insurers were finding it hard to adapt to ESG because they mainly hold bonds, which unlike equities give them no influence over companies, and whether bond managers need to be more innovative in helping insurance clients become ESG, sustainable investors. However, the roundtable also heard that insurers could be more active on ESG than they are given credit for.
 

Shareholder Engagement

A Conversation on ESG and Sustainability With As You Sow CEO Andrew Behar | Motley Fool

  • As You Sow is a nonprofit promoting corporate responsibility that works to solve the world's problems by motivating big companies to improve on ESG elements. As You Sow is effective in creating change because corporations have a legal duty to their shareholders. Hear what the CEO has to say about its mission.

5 Key ESG Proxy Season Takeaways | Directors & Boards

  • ESG issues were at the heart of proxy votes and proxy statements this year; yet more evidence that boards need to be focused on ESG oversight. Gender diversity and sustainability were among the main governance issues, according to the recently released EY Center for Board Matters’ 2019 Proxy Season Review report.

Commentary: It's Time for the SEC to Tackle Proxy Advisory Firms | Pensions & Investments

  • The SEC is considering rules on proxy adviser regulation that stand to reshape the industry. The power of these firms is unquestionable — and their recommendations shape the outcome of many annual meetings. The leading proxy advisers, Institutional Shareholder Services and Glass Lewis, and their proponents argue they have no material influence over voting and merely provide independent research to thousands of institutional investors. Critics disagree and argue that the SEC should step in.

Decarbonise or Risk Divestment, Investors Warn Cement Makers | The Energyst

  • Investors representing $2tn in assets have called on cement makers to commit to net zero by 2050 – or risk funds divesting and access to capital drying up. In a letter to cement makers CRH, Lafarge and Heidelberg Cement, and construction materials maker, Saint-Gobain, members of the Institutional Investors Group on Climate Change and participants in Climate Action 100+ urged immediate action and increased R&D spending to enable decarbonisation of the industry.
 

Community Impact Investing

Opinion: How Impact Investing Can Create Affordable Housing | MarketWatch

  • One study found that 11 million renters spend more than half of their paycheck on rent, and that “a renter working 40 hours per week and earning minimum wage can afford a two-bedroom apartment…in exactly zero counties nationwide.” Investors seeking to create a positive impact by increasing the number of reasonably priced rental units can look to REITs, nonprofit investment organizations like Calvert Impact Capital, and other strategies.

An Unlikely Alliance: Key Figures In The Opportunity Zone Landscape | Forbes

  • The Sorenson Impact Center reports on the wide array of social impact investors drawn to new opportunity zone funds, as well as ways to ensure that new capital investment is truly aligned with community-defined impact.

Institutional Investing And Affordable Housing: A Brief History And Vision For The Future | Forbes

  • In this opinion piece, the president of The NHP Foundation argues that long-term investment in affordable housing can be profitable, reliable and rewarding on several levels, and the industry has plenty of room for new approaches. He calls upon peers to become part of an “affordable housing reboot.” Fresh thinking, creative financing approaches and resourceful partner possibilities will pave the path to increasing our nation’s much-needed affordable housing while furnishing stable, predictable returns for investors.
 

Green Bonds

Conservation Finance Takes Off as the Netherlands Issues One of the Largest Green Bonds Ever | GreenMoney

  • The conservation finance market hit a new high-water mark as the Dutch government issued one of the largest green bonds ever: 5.98 billion euros. This bond for low-carbon development and sustainable water management will include natural infrastructure solutions to protect the Netherlands from floods and sea-level rise. The enthusiasm for the bond also signals a bigger trend: the shift from a niche market to a mainstream, large-scale investment strategy.

Demand for Green Bonds Crimped by Lack of Supply | Pensions & Investments

  • Issuance of green bonds is much exceeded by demand for them. And investors' growing expectations over how issuers should invest the proceeds has discouraged some companies from issuing green bonds. Some sources see the European Union's incoming green bond standards, as part of the solution to help issuers define how proceeds should be invested.

Santander Asset Management Launches Green Bonds Fund | Investment Europe

  • Santander Asset Management continues has launched a fixed income fund investing in green bonds. Santander Sostenible Bonos will invest in green bonds as well as in other type of sustainable debt including social bonds and climate change and environmental products.
 

Diversity, Equity, & Inclusion

Why Investors Interested in ESG Investing Should Consider This ETF | TheStreet

  • It's the one-year anniversary of Impact Shares NAACP Minority Empowerment ETF. According to Impact Shares, "for the one year ending July 12, NACP has returned 10.21%, which compares to 7.76% for the average Large Blend Mutual Fund and ETF in the United States. This ranks the fund in the 25% percentile." Read more coverage of the fund here.

Getting More Diverse Voices to the Board Table | Directors & Boards

  • In this piece, the managing director of Diversified Search argues that it’s time to refocus ESG-style investing to rate corporate commitment to the hiring, promotion and cultivation of people of color and women in executive positions. The pipeline of diverse candidates is likely to come from the executive and entrepreneurial cohort that know each other. In other words, the best thing boards can do to move their ESG goals forward is to take a step back and ask if they have personally done all they can do to make space at the table, to be a mentor and an advocate.
 

Gender Lens Investing

Why Gender-equal Firms Make Better Investments | Raconteur

  • Investors, just like governments and potential partner companies, are now aware that increasing female influence at all rungs of a business, in any sector, is a business necessity, not just a moral objective. Girls Who Invest’s vision is to have 30% of the world's investable capital managed by women by 2030. To help meet this goal, the organization provides finance education, internships, mentoring and an ongoing supportive community to high-potential scholars.

Women in Banking: Good for the Bottom Line | Daily Voice Plus

  • The Peterson Institute reports that firms with strong female leadership deliver a 10.1% return on equity — compared with 7.4% for those without. Those statistics go beyond gender. They’re similar for racial and ethnic diversity. McKinsey reports that companies with greater racial and ethnic diversity are 35% more likely to have financial returns above their national industry averages. The data show that the more diverse your team, the richer the rewards can be.

The Roots of Workplace Gender Inequality | Stanford Social Innovation Review

  • Executives who cite work-family conflict to explain lack of female advancement in firms embrace a myth to preserve the status quo. Researchers at one large firm with high turnover found that while men who remained at the firm despite its grueling “24/7 work culture” seemed to suffer at least as much as women from work-family conflict, they didn’t suffer as high a career cost.

Hamilton Lane Partners with Girls Who Invest as Part of Commitment to the Advancement of Women in the Private Markets | Yahoo Finance

  • For the third consecutive year, Hamilton Lane has partnered with Girls Who Invest, a non-profit organization dedicated to increasing the number of women in investment management and executive leadership in the asset management industry.
 

Investment Firm News

Moody’s Buys Climate Data Firm, Signaling New Scrutiny of Climate Risks | New York Times

  • Moody’s Corporation has purchased a controlling stake in a firm that measures the physical risks of climate change, the latest indication that global warming can threaten the creditworthiness of governments and companies around the world. The firm, Four Twenty Seven, measures a range of hazards, including extreme rainfall, hurricanes, heat stress and sea level rise, and tracks their impact on 2,000 companies and 196 countries.

ISS Launches ESG Ratings Index | Pensions & Investments

  • Institutional Shareholder Services Inc. announced the launch of a series of indexes for investors to identify and select top ESG performers based on ISS ESG ratings. The sector-specific performance requirements defined by ISS are based on ESG risk exposure and impact of their respective business models. The standards are based on established norms such as the UN Global Compact and Paris accord climate goals, as well as absence of significant involvement in defined sectors.

Schroders Launches Global Energy Transition Fund | Investment Week

  • Schroders has launched a global equity fund, targeting the transition to a low carbon economy by investing in companies focused on clean energy.

Executive Recruiting Firm Russell Reynolds Hires Sustainable Investing Expert | Reuters

  • Executive recruiting consultancy Russell Reynolds Associates said it had hired Andrew Droste, a specialist in ESG risks facing companies, to bolster its board and CEO advisory practice. The move underscores how corporate boards are coming under pressure from investors to consider ESG risks, and are seeking advisers who can help them with such decisions.

BNY Mellon IM Launches Sustainable Global Equity Income Fund | Professional Advisor

  • BNY Mellon Investment Management has launched a sustainable global equity income fund under the management of boutique Newton Investment Management's Nick Clay, and head of responsible and charity investment Rob Stewart.

Arabesque S-Ray Partners With Allianz X, Commerz Real, DWS, and Land Hessen | Yahoo Finance

  • Arabesque S-Ray, a leading global data provider of ESG metrics, announced strategic partnerships with four new co-investors jointly investing $20 million: Allianz X, Commerz Real AG, DWS Group, and Land Hessen. Using ESG big data and machine learning models, Arabesque S-Ray provides technology used by institutional investors, corporations, and consultancies to assess the sustainability performance of over 7,000 companies globally.
 

Economic & Policy Shifts

Why Central Banks Need to Step up on Global Warming | Foreign Policy

  • In this long-form article, director of the European Institute at Columbia University Adam Tooze argues that, a decade after the world bailed out finance, it’s time for finance to bail out the world.

(Opinion) Will America lead or fall behind on responsible investing? | The Hill

  • Despite this growing global consensus, the U.S. SEC has not implemented disclosure requirements for material ESG factors. Moreover, the SEC is considering regulatory changes that would curtail the rights of shareholders to communicate effectively with the companies they invest in, including to weigh in on ESG considerations. By increasing ownership requirements for submitting shareholder proposals and limiting the role of proxy advisory firms, the proposals currently under consideration by the SEC would threaten the rights of investors to stay actively engaged on issues that affect a company’s reputation, profitability and long-term financial stability.

Four New Carbon Pricing Bills Drop in Congress | Citizens’ Climate Lobby

  • New carbon pricing bills with bipartisan support are bringing important new ideas into the policy discussion. The SWAP Act would use the revenue to reduce payroll taxes, help low-income households with energy costs, and fund low-carbon energy R&D. The Raise Wages, Cut Carbon Act would use revenue in similar ways. These ideas will feed a richer national discussion on the best way to price carbon. Like the Energy Innovation Act, which returns 100% of revenue to U.S. households, these bills would drive down America’s emissions.

Domini Raises Investor Support for No-Deforestation Bill | Yahoo Finance

  • Domini Impact Investments called on members of the California State Senate to pass legislation that would ensure that public purchasing avoids negative impacts on forests. The California Deforestation-Free Procurement Act, AB572, would mandate No Deforestation, No Peat, and No Exploitation (NDPE) policies, certification, and public disclosure from specific state contractors and subcontractors.
 

 

Climate Risk, Science, and Clean Energy

America’s Leading Financial Institutions Report High Confidence in Renewable Sector Growth | GreenMoney

  • The American Council on Renewable Energy is releasing a progress report tracking U.S. renewable investment and assessing the policy and market pathways needed to achieve $1T 2030: The American Renewable Investment Goal. The new report also includes an updated survey of America’s leading financial institutions that reports high near-term confidence for renewable energy growth over the next three years and a strong appetite for increased investment.

What's Your Sustainability Moonshot? | GreenBiz

  • This post asks sustainability leaders to consider goals that are inspiring, credible, and imaginative, like the ambitious 1961 commitment to landing a man on the moon that led to the Apollo moon landing (whose 50th anniversary was celebrated this past weekend). Further, consider using a "future-back" approach to strategy that, unlike the "present-forward" nature of most strategic-planning processes, doesn’t assume that tomorrow and the day after will be pretty much like today.
 
 

General Higher Education Endowment News

The University of Michigan Invested Big in Detroit. Now Come the Evictions. | Bridge

  • The University of Michigan last year invested $30 million in a private equity firm that buys and renovates homes out of tax foreclosure. One U-M professor fears the arrangement could make the university an “unintentional de facto slumlord.” 

Analysing University Endowments | BBN Times

  • This article provides a snapshot analysis of 2018 results from the annual NACUBO survey of endowments.

Illinois State University Has Best Fundraising Year in University History | Illinois State University

  • Illinois State University raised a university record of more than $37.3 million in private support during the fiscal year that ended June 30, 2019. It was the second time over $36 million was raised in the past four years and marks the fifth consecutive fiscal year of raising more than $21 million. Private gift support assists Illinois State in providing student scholarships, program enhancements, faculty support, and facility improvements.

A Lesson Plan in Linguistics and Statistics for Well-Endowed Private Universities | National Law Review

  • Contrary to its name, The Tax Cuts and Jobs Act resulted in a tax increase for certain entities. For example, certain well-endowed private universities and colleges are now subject to a 1.4% excise tax on their net investment income. This brief article looks at the Treasury Department’s proposed regulations to apply that tax.
 

General Higher Education Sustainability News

Hampshire Will Go On to the Next Thing | Inside Higher Ed

  • In this interview, Edward Wingenbach discusses his initial priorities as he enters a high-profile, high-pressure situation when he takes over as president of Hampshire College next month. How the new president navigates the next few months will be closely watched by many of those concerned about the future of small private colleges. Hampshire finds itself under many of the same pressures bearing down on liberal arts institutions across the country, and it has become a closely watched case.

Research to Action: The Science of Drawdown | National Council for Science and the Environment

  • This article from Tom Richard of Penn State University is an invitation for you and your institution to become part of a worldwide community of scholars and educators focused on positive, empowering climate solutions.

Addressing Climate Change at the Local Level | Hamilton College

  • This article reports on the work of Hamilton College students, through the college’s Levitt Public Affairs Center, to help the Town of New Hartford produce a climate change risk assessment, one step in New Hartford becoming a Climate Smart Community, a New York State program which certifies that the town is climate-aware and working toward energy independence.

Leaders in Campus Sustainability Weigh in on University Efforts to Combat Climate Change | Badger Herald

  • In the wake of increased solar-powered infrastructure at the University of Wisconsin, leaders in sustainability on campus weighed in on UW efforts to combat the effects of climate change, as well as how the projects are started, funded and inhibited. Many of the recent changes toward a more sustainable campus have been the product of student-led sustainability efforts. Helios, a registered student organization on campus, was funded by Green Fund grants, a program that supports student-initiated projects that reduce the environmental footprint and operating costs of on-campus facilities.
 

Private Prison Divestment

Sonoma County to Explore Divestment from Firms Tied to Migrant Detention Centers | Santa Rosa Press Democrat

  • Sonoma County supervisors have agreed to look into divesting from major banks that have done business with the companies responsible for migrant detention centers along the U.S.-Mexico border, answering a weeks-long call from advocates and leaders who represent immigrant communities.

As Wall Street Banks Sever Ties, Private Prison Companies Stand to Lose Over $1.9B in Future Financing | Center for Popular Democracy

  • This year, JPMorgan Chase, Wells Fargo, Bank of America, SunTrust, BNP Paribas, and Fifth Third Bancorp publicly announced that they would no longer provide any new financing to the private prison industry. Together these six banks represent an estimated $1.93 billion, or 72% of the total current financing available to private prison companies, CoreCivic and GEO Group.
 

Fossil Fuel Divestment

£22bn UK Pension Fund ‘Should Divest from Fossil Fuels Now,’ Say Protesters | IPE

  • Campaign groups including Fossil Free Greater Manchester and Extinction Rebellion demanded that the £22.5bn (€25.1bn) Greater Manchester Pension Fund, the UK’s largest local government pension fund, exit completely from its stakes in fossil fuel firms. Citing data compiled by Fossil Free UK, the campaigners claimed that as much as 10% of the fund’s portfolio was invested in such companies.

Northern Ireland Assembly Pensions Divested from Fossil Fuels in Green Party Win | Belfast Live

  • Members of the Legislative Assembly’s pensions are being divested from fossil fuel companies in a victory for the Green Party in Northern Ireland. Supporters said the decision to move to the fund to a provider that invests in low carbon schemes is a “win-win” in the fight against climate catastrophe.
 

Partnership Opportunities
 
Calendar of Upcoming Events

IEN Events:

IEN Webinar: Integrating ESG Options into Higher Ed Retirement Plans | Intentional Endowments Network, July 30, 2019, 1-2pm EDT (webinar)

Community Impact Investing Roundtable 2019 | Intentional Endowments Network, September 6, 2019, Berkeley, CA

2020 Higher Education Climate Leadership Summit | Intentional Endowments Network and Second Nature, February 23-25, 2020, Atlanta, GA. Provide input to shape the agenda here, or propose a session topic here!

Other Events:

2019 Opportunity Zone Expo New York and Chicago | Opportunity Zone Expo, August 9, 2019, New York, NY and August 12, 2019, Chicago, IL. Interested members should contact kaede@intentionalendowments.org to receive a $50 discount link for IEN Member registration.

RISE Community Forum on Racial Justice & Climate Change | Return on Investment & Social Equity, August 22, 2019, 4 - 6:30pm, San Francisco, CA

2019 Family Office Impact Summit | United Nations, September 5, 2019, New York, NY. Family office members of IEN are eligible for discounted registration.

Getting Gender Smart: Impact Investing with a Gender Lens | Duke Fuqua School of Business, September 9-11, 2019, Durham, North Carolina

Financing the Future: The Global Climate Divest-Invest Summit | Divest Invest, Fossil Free SA, Global Catholic Climate Movement, GreenFaith, PACJA, Shine, Wallace Global Fund, and 350, September 10-11, 2019, Cape Town, South Africa

Impact Investing: Driving Social Purpose Through Measurable Investment Returns | Skytop Strategies, September 17, 2019, Boston, MA. Interested members should contact nicole@intentionalendowments.org to access a 15% off registration IEN Member discount code.

Sustainable Investment Forum North America 2019 | UN Environment Programme Finance Initiative, September 25, 2019, New York, NY (Climate Week)

GIIN Investor Forum | GIIN, October 2-3, 2019, Amsterdam, Netherlands. Interested members should contact hannah@intentionalendowments.org to access a 15% off registration IEN Member discount code.

Color of Education Summit | Public School Forum of NC, The Samuel DuBois Cook Center on Social Equity, and Policy Bridge at Duke University’s Sanford School of Public Policy, October 26, 2019, Raleigh, NC

2019 AASHE Conference & Expo: Co-Creating a Sustainable Economy | AASHE, October 27-30, 2019, Spokane, WA

21st Annual Endowment and Foundation Forum | Opal, November 7-8, 2019, Boston, MA

2nd Impact Summit America | Phenix Capital, November 14, 2019, New York, NY. Asset owner IEN members are eligible for complementary registration.

GreenBiz 20 | GreenBiz, February 4-6, 2020, Phoenix, AZ

Croatan Forum 2020 | Croatan Institute, April 27-29, 2020, Durham, NC

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