Endowment Value: $39.2 billion (June 2018)
Harvard University is a private research university located in Cambridge, Massachusetts. The Harvard Management Company (HMC) manages the endowment, the largest college endowment in the world.
In 1972, Harvard established the Advisory Committee on Shareholder Responsibility and the Corporation Committee on Shareholder Responsibility. The ACSR considers shareholder resolutions and makes recommendations to the CCSR, which makes decisions on how Harvard would vote on those resolutions based on the ACSR’s recommendations and the Harvard Corporation’s fiduciary duty.
In 2013, Harvard established the Social Alternative Fund, managed separately from Harvard’s endowment and invested with special consideration given to social responsibility issues. In the same year, the Harvard Management Company created the position of Vice President of Sustainable Investing, who works to integrate sustainability principles into Harvard’s investment policy and acts as the liaison between the Management Company and other ESG-related organizations at Harvard. Kate Murtagh is the current Managing Director of Sustainable Investing and the Chief Compliance Officer of HMC. To read more about HMC's approach to sustainable investing, click here.
In 2014, Harvard became the first organization in the United States to be a signatory of both the Carbon Disclosure Project and the United Nations Principles for Responsible Investment. The Harvard Management Company’s sustainable investment approach outlines three methods of investing more sustainable, to read the full policy click here. The student body and campus organizations such as Harvard Undergraduates for Environmental Justice and Divest Harvard remain active in maintaining a dialogue on divestment from fossil fuels and unethical land usage such as deforesting indigenous lands in Brazil and overdrafting water in drought-stricken California.
Harvard University is a participant or member of the following Initiatives & Commitments:
- AASHE STARS: Yes, member
- ACUPCC: No
- Billion Dollar Green Challenge: Yes
- CDP: Yes
- Divestment Goal: No
- Committee for Investor Responsibility: Yes: The Advisory Committee on Shareholder Responsibility
- INCR: Yes
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: Yes
- Sustainable Investment Policy: Yes
- Principles for Responsible Investment: Yes
Other Sustainable Investing Practices: