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Thoughts on ESG Investing and Fossil Fuel Consumption

Thoughts on ESG Investing and Fossil Fuel Consumption  By Fred Rogers, Vice President and Treasurer of Carleton College The problem of climate change is real and its resolution requires a reduction in the consumption of fossil fuels worldwide.  For this to occur, there must be a reduction in global demand, and thus both:  (1) serious investment in alternative energy sources and (2) changes in social and economic behavior.  While the UN Task Force is focused on GHG emissions and the socio-economic impacts of both climate change and the strategies of GHG reduction, much of the campus dialogue about climate change has been focused on the 350.Org initiative of divesting from the top 200 fossil fuel companies.  There are many reasons to...

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Selling Stranded Assets: Profit, Protection, and Prosperity

By Bob Litterman, Chairman, Risk Committee, Kepos Capital; and Chairman, Board of Trustees, Commonfund  Can you protect your endowment, make money, and support action to reduce carbon emissions at the same time?   Sell stranded assets.   Many institutional investors including endowments, foundations, pensions, and even sovereign wealth funds are considering or have already divested from coal and other fossil fuel companies.   At the US based World Wildlife Fund, where I chair the investment committee, we addressed this issue a little over two years ago.  We asked ourselves what would be the impact on our portfolio holdings if appropriate incentives to reduce greenhouse gas emissions were instituted globally.   The answer was obvious – certain assets such as reserves of coal and expensive...

Read More


Divest-Invest in the Pacific Northwest

   

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HSU Helps Lead Push for Fossil Free, Greener Investing

 

Read More


Investing in Renewable Energy - Three Important Considera...

By Scott Hill, Clean Energy Advisors As direct investing in renewable energy becomes more common, especially investments available to a wider group of investors, it's important to remember there are three specific considerations you'll want to address first before you get into the common due diligence information we're all used to (management team, track record, financials, etc.). These three considerations are technology, development, and the off-taker. Renewable energy is advancing at an impressive rate. Universities, labs, and private companies are exploring ways to create and improve renewable and sustainable energy sources. While some of these technologies hold great promise in the future, you need to be mindful of how "proven" the technology is today. Some renewable energy technologies have enough...

Read More


Tony Cortese serves as moderator of panel discussion

On Tuesday, May 19th, 2015, WISE and BASIC, with the guidance of the Intentional Endowment Network, hosted a panel discussion in Boston focused on ESG and educational endowments in the U.S. today. Tony Cortese, Principal of the Intentional Endowment Network, moderated the panel discussion. Other panelists included Alice DonnaSelva, Consultant at Prime Buchholz & Associates, Christi Electris, Senior Associate at Croatan Institute, and Bill Jarvis, Managing Director at Commonfund Institute. In total, there were 40 participants from colleges, universities, and the investment industry. Together they explored a wide range of issues surrounding higher education endowment investments. These topics included everything from fossil fuel divestment, to ESG integration, to stakeholder action, and how to move the agenda forward in the endowment...

Read More


How Hampshire Invests

How Hampshire Invests By Jonathan Lash, President, Hampshire College There is growing debate — much of it driven by students — about the obligation of mission-driven nonprofit organizations to consider non-economic issues in their choice of investments. Society exempts us from taxation because we serve public purposes. Donors support us because they believe that doing so contributes to the common good. Each institution has its own mission, values, culture, and traditions to consider in making decisions about fiscal responsibility and moral obligation, but it is difficult to understand why an institution would refuse even to discuss the issues. For those of us engaged in education, this is no minor question: College and university endowments total more than $346 billion —...

Read More


Should MIT Divest? A Debate on Fossil Fuel Investment

Yesterday, Tony Cortese, a Principal of the Intentional Endowments Network, moderated a debate on whether or not MIT should divest of fossil fuels.  Click here or on the image below to watch the full program on the MIT site.    A description of the event and speakers from MIT's website: Join this event of the MIT Climate Change Conversation to learn about different facets of divestment from fossil fuel companies and explore whether MIT should divest its endowment as part of its response to climate change. Six prominent voices in the dialogue on climate change and energy will be staged as two teams that present PRO-divestment and AGAINST-divestment arguments in a classic debate format. The discussion will provide a nuanced view of...

Read More


Student Action at San Francisco State Foundation Board Me...

  Students marching and carrying signs outside of the San Francisco State Foundation’s Board meeting on February 5th, 2015 had a slightly different message than most divestment protesters: “Thank You.” The demonstration was a show of student support regarding the Board’s decision in May 2013 to divest from coal and tar sands companies.   Through open and respectful engagement between students, administrators, and the board, San Francisco State became the first public university to make the commitment to divest. The foundation has also voted to look into the option of divesting from all fossil fuel companies in the future. Last month, Robert Nava, President of the SFSU Foundation, spoke at the Intentionally Designed Endowment Forum at Arizona State. He told...

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Living Green

David Levin published an excellent article about Anthony Cortese in the Winter 2015 Edition of the Harvard School of Public Health Magazine. The article describes Tony's passion for the environment and his subsequently extensive environmental career from being one of the first employees of the Environmental Protection Agency in 1970, to his most recent project, launching the Intentional Endowments Network this past summer.  Read the article on HSPH's website: Living Green. David Levin is a Boston-based science journalist. He can be reached through his website at www.therealdavidlevin.com.   Photo: Kent Dayton/ Harvard Chan  -- On a clear day, the air outside Anthony Cortese’s office in downtown Boston is filled with the unmistakable smell of the ocean—a pungent, brinelike perfume that hangs in the...

Read More


Living Green

David Levin published an excellent article about Anthony Cortese in the Winter 2015 Edition of the Harvard School of Public Health Magazine. The article describes Tony's passion for the environment and his subsequently extensive environmental career from being one of the first employees of the Environmental Protection Agency in 1970, to his most recent project, launching the Intentional Endowments Network this past summer.  Read the article on HSPH's website: Living Green. David Levin is a Boston-based science journalist. He can be reached through his website at www.therealdavidlevin.com.   Photo: Kent Dayton/ Harvard Chan  -- On a clear day, the air outside Anthony Cortese’s office in downtown Boston is filled with the unmistakable smell of the ocean—a pungent, brinelike perfume that hangs in the...

Read More


Student Action at San Francisco State Foundation Board Me...

  Students marching and carrying signs outside of the San Francisco State Foundation’s Board meeting on February 5th, 2015 had a slightly different message than most divestment protesters: “Thank You.” The demonstration was a show of student support regarding the Board’s decision in May 2013 to divest from coal and tar sands companies.   Through open and respectful engagement between students, administrators, and the board, San Francisco State became the first public university to make the commitment to divest. The foundation has also voted to look into the option of divesting from all fossil fuel companies in the future. Last month, Robert Nava, President of the SFSU Foundation, spoke at the Intentionally Designed Endowment Forum at Arizona State. He told...

Read More


Should MIT Divest? A Debate on Fossil Fuel Investment

Yesterday, Tony Cortese, a Principal of the Intentional Endowments Network, moderated a debate on whether or not MIT should divest of fossil fuels.  Click here or on the image below to watch the full program on the MIT site.    A description of the event and speakers from MIT's website: Join this event of the MIT Climate Change Conversation to learn about different facets of divestment from fossil fuel companies and explore whether MIT should divest its endowment as part of its response to climate change. Six prominent voices in the dialogue on climate change and energy will be staged as two teams that present PRO-divestment and AGAINST-divestment arguments in a classic debate format. The discussion will provide a nuanced view of...

Read More


How Hampshire Invests

How Hampshire Invests By Jonathan Lash, President, Hampshire College There is growing debate — much of it driven by students — about the obligation of mission-driven nonprofit organizations to consider non-economic issues in their choice of investments. Society exempts us from taxation because we serve public purposes. Donors support us because they believe that doing so contributes to the common good. Each institution has its own mission, values, culture, and traditions to consider in making decisions about fiscal responsibility and moral obligation, but it is difficult to understand why an institution would refuse even to discuss the issues. For those of us engaged in education, this is no minor question: College and university endowments total more than $346 billion —...

Read More


Tony Cortese serves as moderator of panel discussion

On Tuesday, May 19th, 2015, WISE and BASIC, with the guidance of the Intentional Endowment Network, hosted a panel discussion in Boston focused on ESG and educational endowments in the U.S. today. Tony Cortese, Principal of the Intentional Endowment Network, moderated the panel discussion. Other panelists included Alice DonnaSelva, Consultant at Prime Buchholz & Associates, Christi Electris, Senior Associate at Croatan Institute, and Bill Jarvis, Managing Director at Commonfund Institute. In total, there were 40 participants from colleges, universities, and the investment industry. Together they explored a wide range of issues surrounding higher education endowment investments. These topics included everything from fossil fuel divestment, to ESG integration, to stakeholder action, and how to move the agenda forward in the endowment...

Read More


Investing in Renewable Energy - Three Important Considera...

By Scott Hill, Clean Energy Advisors As direct investing in renewable energy becomes more common, especially investments available to a wider group of investors, it's important to remember there are three specific considerations you'll want to address first before you get into the common due diligence information we're all used to (management team, track record, financials, etc.). These three considerations are technology, development, and the off-taker. Renewable energy is advancing at an impressive rate. Universities, labs, and private companies are exploring ways to create and improve renewable and sustainable energy sources. While some of these technologies hold great promise in the future, you need to be mindful of how "proven" the technology is today. Some renewable energy technologies have enough...

Read More


HSU Helps Lead Push for Fossil Free, Greener Investing

 

Read More


Divest-Invest in the Pacific Northwest

   

Read More


Selling Stranded Assets: Profit, Protection, and Prosperity

By Bob Litterman, Chairman, Risk Committee, Kepos Capital; and Chairman, Board of Trustees, Commonfund  Can you protect your endowment, make money, and support action to reduce carbon emissions at the same time?   Sell stranded assets.   Many institutional investors including endowments, foundations, pensions, and even sovereign wealth funds are considering or have already divested from coal and other fossil fuel companies.   At the US based World Wildlife Fund, where I chair the investment committee, we addressed this issue a little over two years ago.  We asked ourselves what would be the impact on our portfolio holdings if appropriate incentives to reduce greenhouse gas emissions were instituted globally.   The answer was obvious – certain assets such as reserves of coal and expensive...

Read More


Thoughts on ESG Investing and Fossil Fuel Consumption

Thoughts on ESG Investing and Fossil Fuel Consumption  By Fred Rogers, Vice President and Treasurer of Carleton College The problem of climate change is real and its resolution requires a reduction in the consumption of fossil fuels worldwide.  For this to occur, there must be a reduction in global demand, and thus both:  (1) serious investment in alternative energy sources and (2) changes in social and economic behavior.  While the UN Task Force is focused on GHG emissions and the socio-economic impacts of both climate change and the strategies of GHG reduction, much of the campus dialogue about climate change has been focused on the 350.Org initiative of divesting from the top 200 fossil fuel companies.  There are many reasons to...

Read More


Divest-Invest in the Pacific Northwest

   

Read More


HSU Helps Lead Push for Fossil Free, Greener Investing

 

Read More


How Hampshire Invests

How Hampshire Invests By Jonathan Lash, President, Hampshire College There is growing debate — much of it driven by students — about the obligation of mission-driven nonprofit organizations to consider non-economic issues in their choice of investments. Society exempts us from taxation because we serve public purposes. Donors support us because they believe that doing so contributes to the common good. Each institution has its own mission, values, culture, and traditions to consider in making decisions about fiscal responsibility and moral obligation, but it is difficult to understand why an institution would refuse even to discuss the issues. For those of us engaged in education, this is no minor question: College and university endowments total more than $346 billion —...

Read More


Investing in Renewable Energy - Three Important Considera...

By Scott Hill, Clean Energy Advisors As direct investing in renewable energy becomes more common, especially investments available to a wider group of investors, it's important to remember there are three specific considerations you'll want to address first before you get into the common due diligence information we're all used to (management team, track record, financials, etc.). These three considerations are technology, development, and the off-taker. Renewable energy is advancing at an impressive rate. Universities, labs, and private companies are exploring ways to create and improve renewable and sustainable energy sources. While some of these technologies hold great promise in the future, you need to be mindful of how "proven" the technology is today. Some renewable energy technologies have enough...

Read More


Living Green

David Levin published an excellent article about Anthony Cortese in the Winter 2015 Edition of the Harvard School of Public Health Magazine. The article describes Tony's passion for the environment and his subsequently extensive environmental career from being one of the first employees of the Environmental Protection Agency in 1970, to his most recent project, launching the Intentional Endowments Network this past summer.  Read the article on HSPH's website: Living Green. David Levin is a Boston-based science journalist. He can be reached through his website at www.therealdavidlevin.com.   Photo: Kent Dayton/ Harvard Chan  -- On a clear day, the air outside Anthony Cortese’s office in downtown Boston is filled with the unmistakable smell of the ocean—a pungent, brinelike perfume that hangs in the...

Read More


Selling Stranded Assets: Profit, Protection, and Prosperity

By Bob Litterman, Chairman, Risk Committee, Kepos Capital; and Chairman, Board of Trustees, Commonfund  Can you protect your endowment, make money, and support action to reduce carbon emissions at the same time?   Sell stranded assets.   Many institutional investors including endowments, foundations, pensions, and even sovereign wealth funds are considering or have already divested from coal and other fossil fuel companies.   At the US based World Wildlife Fund, where I chair the investment committee, we addressed this issue a little over two years ago.  We asked ourselves what would be the impact on our portfolio holdings if appropriate incentives to reduce greenhouse gas emissions were instituted globally.   The answer was obvious – certain assets such as reserves of coal and expensive...

Read More


Should MIT Divest? A Debate on Fossil Fuel Investment

Yesterday, Tony Cortese, a Principal of the Intentional Endowments Network, moderated a debate on whether or not MIT should divest of fossil fuels.  Click here or on the image below to watch the full program on the MIT site.    A description of the event and speakers from MIT's website: Join this event of the MIT Climate Change Conversation to learn about different facets of divestment from fossil fuel companies and explore whether MIT should divest its endowment as part of its response to climate change. Six prominent voices in the dialogue on climate change and energy will be staged as two teams that present PRO-divestment and AGAINST-divestment arguments in a classic debate format. The discussion will provide a nuanced view of...

Read More


Student Action at San Francisco State Foundation Board Me...

  Students marching and carrying signs outside of the San Francisco State Foundation’s Board meeting on February 5th, 2015 had a slightly different message than most divestment protesters: “Thank You.” The demonstration was a show of student support regarding the Board’s decision in May 2013 to divest from coal and tar sands companies.   Through open and respectful engagement between students, administrators, and the board, San Francisco State became the first public university to make the commitment to divest. The foundation has also voted to look into the option of divesting from all fossil fuel companies in the future. Last month, Robert Nava, President of the SFSU Foundation, spoke at the Intentionally Designed Endowment Forum at Arizona State. He told...

Read More


Thoughts on ESG Investing and Fossil Fuel Consumption

Thoughts on ESG Investing and Fossil Fuel Consumption  By Fred Rogers, Vice President and Treasurer of Carleton College The problem of climate change is real and its resolution requires a reduction in the consumption of fossil fuels worldwide.  For this to occur, there must be a reduction in global demand, and thus both:  (1) serious investment in alternative energy sources and (2) changes in social and economic behavior.  While the UN Task Force is focused on GHG emissions and the socio-economic impacts of both climate change and the strategies of GHG reduction, much of the campus dialogue about climate change has been focused on the 350.Org initiative of divesting from the top 200 fossil fuel companies.  There are many reasons to...

Read More


Tony Cortese serves as moderator of panel discussion

On Tuesday, May 19th, 2015, WISE and BASIC, with the guidance of the Intentional Endowment Network, hosted a panel discussion in Boston focused on ESG and educational endowments in the U.S. today. Tony Cortese, Principal of the Intentional Endowment Network, moderated the panel discussion. Other panelists included Alice DonnaSelva, Consultant at Prime Buchholz & Associates, Christi Electris, Senior Associate at Croatan Institute, and Bill Jarvis, Managing Director at Commonfund Institute. In total, there were 40 participants from colleges, universities, and the investment industry. Together they explored a wide range of issues surrounding higher education endowment investments. These topics included everything from fossil fuel divestment, to ESG integration, to stakeholder action, and how to move the agenda forward in the endowment...

Read More


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