Endowment Value: $10.95 billion (Oct. 2019)
Columbia University is a private institution located in New York City. The Columbia Investment Management Company (IMC) manages the University's endowment. Columbia established the Advisory Committee on Socially Responsible Investing (ASCRI) in March 2000. The Committee's purpose is to advise the University Trustees on ethical and social issues that arise in the management of the University's endowment. To ensure that the Committee is broadly representative of the University community, its twelve voting members are drawn in equal proportion from students, faculty, and alumni of the University.
The ACSRI maintains comprehensive guidelines for the endowment’s socially responsible investment proxy voting that includes positions on a variety of issues. According to The University’s most recent STARS report, Columbia currently performs negative screenings for tobacco producers/manufacturers, private prison operators, companies deriving more than 35% of their revenue in thermal coal production, and those implicated in human rights abuses.
Columbia University houses the Columbia Center on Sustainable Investment (CCSI), which is a joint center of Columbia Law School and the Earth Institute at Columbia University. The CCSI is the only university-based applied research center and forum dedicated to the study, practice, and discussion of sustainable investment.
Columbia University is a participant or member of the following Initiatives & Commitments:
- AASHE STARS: Yes, Gold
- ACUPCC: No
- Billion Dollar Green Challenge: No
- CDP: Yes
- Committee on Investor Responsibility: Yes
- Divestment Goal: Yes, divestment from coal
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: No
- Sustainable Investment Policy: Yes (Columbia Law School)
Principles for Responsible Investment: No
Other Sustainable Investing Practices and Resources from Columbia University: