Khalid Cannon

  • published Columbia University in Endowment Snapshots 2017-07-18 09:52:43 -0400

    Columbia University

    Endowment Value: $10.8 billion (June 2018)

    Columbia University is a private institution located in New York City. The Columbia Investment Management Company (CIMC) manages the University's endowment. Columbia established the Advisory Committee on Socially Responsible Investing (ASCRI) as a permanent addition to the University 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 investments in 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 clear and comprehensive guidelines for the endowment’s socially responsible investment proxy voting that includes positions on a variety of issues including the environment. 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. Like most Ivy League Universities, Columbia has considered various student initiated proposals to divest from all fossil fuels, the most recent being in 2012, but has yet to adopt explicit policies.

    In addition to various sustainability initiatives across campus and operations, 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, and the only university-based applied research center and forum dedicated to the study, practice and discussion of sustainable international 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
    • INCR: No
    • Montreal Carbon Pledge: No
    • Sustainable Investment Fund: No
    • Sustainable Investment Policy: Yes (advisory role)
    • Principles for Responsible Investment: No 

     

    Other Sustainable Investing Practices and Resources from Columbia University:


  • published University of Ottawa in Endowment Snapshots 2017-06-28 12:49:01 -0400

    University of Ottawa

    Endowment Value: $215.8 million (June 2018)

    The University of Ottawa is a public university located in Ottawa, Ontario.  Approximately 42,500 students attend the university. The Finance and Treasury Committee manages the endowment.

    As a signatory of the UN’s Principles for Responsible Investment (PRI) and Montreal Carbon Pledge (and the first Canadian university to do so), the University of Ottawa has “has made a public commitment to make investment decisions that consider ESG issues while taking appropriate steps to meet its fiduciary responsibilities to optimize investment returns”.

    In April 2016, uOttawa’s Finance and Treasury Committee released a 19 page report describing the University’s response to addressing climate change in response to a request by the Board of Governors for uOttawa to consider the question of fossil fuel divestment. The report recognizes the role of the student-led Fossil Free uOttawa divestment campaign in sparking a debate about the role the University should play in the fight against global warming.

    While UOttawa is currently not pursuing full divestment, uOttawa has committed to expanding actions towards an ESG-tilting portfolio such as increasing investments in clean technologies by creating a separate Clean Innovations Fund of $10 million for investment with uOttawa, by providing the initial seed capital from the long-term portfolio; and increasing exposure to investments in enterprises involved in creating and selling these technologies. It is also making considerable action towards reducing its carbon footprint across campus facilities and operations in addition to its investment strategies.

     

    The University of Ottawa is a participant or member of the following Initiatives & Commitments:

    • AASHE STARS: Yes, Silver
    • ACUPCC: No
    • Billion Dollar Green Challenge: No
    • CDP: No
    • Committee on Investor Responsibility: No
    • Divestment Goal: Sort of (will not sell holdings but rather invest in clean technology)
    • INCR: No
    • Montreal Carbon Pledge: Yes
    • Sustainable Investment Fund: Yes
    • Sustainable Investment Policy: Yes
    • Principles for Responsible Investment: Yes

     

    Other Sustainable Investing Practices and News:


  • published University of Oregon in Endowment Snapshots 2017-06-19 09:44:57 -0400

    University of Oregon

    Endowment Value: $905.5 million (June 2018)

    The University of Oregon is a public research university located in Eugene, Oregon. The University of Oregon Foundation manages the endowment and is overseen by the Board of Trustees.

    According to the Board’s Statement of Investment Principles, “The UO encourages its advisors and managers to include ESG factors in their analytical processes... [but] are only one factor in analyses and should not be used as exclusionary screens to eliminate specific entities or sectors from consideration”.

    In the Fall of 2016, the UO Foundation announced it would begin transitioning away from fossil fuel investments. "We believe that green-energy initiatives — such as solar and wind power, sustainable forestry, and organic farming — will steadily replace investments in carbon-based fuel sources, and we do not have any investments in coal," said UO Foundation Chief Investment Officer, Jay Namyet.

    Following this announcement, in April 2017 OU students and faculty organized a forum titled ‘Investing in the Age of Climate Change” to discuss the impact of climate change on businesses and investors.

     

    The University of Oregon is a participant or member of the following Initiatives & Commitments: 

    • AASHE STARS: Yes, Gold
    • ACUPCC: No
    • Billion Dollar Green Challenge: No
    • CDP: No
    • Committee on Investor Responsibility: No
    • INCR: No
    • Divestment Goal: Yes
    • Montreal Carbon Pledge: No
    • Sustainable Investment Fund: No
    • Sustainable Investment Policy: YesPrinciples for Responsible Investment: No

    Other Sustainable Investing Practices and News:

     


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