Gwladys Ngatchou published Net-Zero Committee Press Release in IEN Press Releases 2021-05-06 11:59:20 -0400
Leading Higher-Education Institutional Investors To Guide New Initiative For Net Zero Endowments, Targeting 50 Endowments Over Two Years
Early Steps by Harvard, Stanford, Michigan and Penn Now Encouraged for Other Schools
BOSTON, MA (May 6, 2021) - A group of seventeen leaders from higher education endowments, investment consultants, asset managers, and nonprofit partners have joined together as a steering committee to guide a new Net Zero Endowments initiative hosted by the Intentional Endowments Network (IEN). After groundbreaking commitments from institutions like Harvard, Stanford, Michigan, and Penn over the last year, IEN aims to accelerate the adoption of Net Zero Portfolio commitments to fifty endowments over the next two years.
The new Net Zero Endowments steering committee is at the cutting edge of transforming how college and university endowments invest to keep pace with and drive a just transition to a carbon neutral economy by 2050.
“We are pleased to join this group of thoughtful colleagues as we work to accelerate our collective ability to achieve net-zero investment portfolios, and to do so in a way that addresses long-standing issues of equity, diversity, and inclusion,” said Kate Murtagh, Managing Director of Sustainable Investing for Harvard Management Company.
A commitment to Net Zero means committing to transition the investment portfolio to net-zero GHG emissions by 2050 consistent with a maximum temperature rise of 1.5°C above pre-industrial temperatures, taking into account the best available scientific knowledge including the findings of the IPCC, and regularly reporting on progress, including establishing intermediate targets every five years in line with Paris Agreement Article 4.9.
“Endowments are rethinking how they invest, as the systemic risks of climate change and economic inequality are impacting investment portfolios,” said Tamara Larsen, Head of Mission Aligned Investing at the Outsourced CIO firm, Agility. “Investments that promote broad, equitable economic opportunity and seek to mitigate the climate crisis can be well-aligned to fiduciary stewardship of college and university endowments. Net Zero Endowments are needed, and should be developed with equity, diversity, and inclusion lenses.”
The Net Zero Endowments initiative will serve as a bridge between higher education endowments and the growing field of net zero investing. IEN members will participate in peer learning and partner with other initiatives for shared resources, events, and actions, including the Net Zero Asset Owners Alliance and the Net Zero Asset Managers Initiative.
“We are pleased to be a founding member of the IEN Net Zero Endowments initiative, and look forward to extending our close partnerships with nonprofits - working together to creatively position portfolios in manners that align with their decarbonization goals,” said Andrew Tubman, Director, Endowment & Foundation Strategies at Wellington Management Company LLP.
The group will also focus on the intersection of climate change and inequality. “A top priority in this work is to ensure that Net Zero commitments are made through a justice and equity lens,” said Georges Dyer, Executive Director of IEN, and coordinator of the new Steering Committee. “As investors work with the companies they own to provide more value while using less energy and resources, to shift renewable energy and circular business models, we must ensure that people of diverse identities and experience are making investment decisions, and that investments address past environmental racism, avoid extractive practices, and better serve low-income communities and communities of color.”
Endowments embarking on the journey to net zero portfolios are invited to participate in IEN’s programming, including the Net Zero Endowments initiative and the 2021 Climate Action Pursuit virtual event series.
About the Intentional Endowments Network
The Intentional Endowments Network is a non-profit, peer-learning network advancing intentionally designed endowments – those that seek to enhance financial performance by making investments that advance a low carbon, equitable and regenerative economy. Working closely with leading organizations, the network engages leaders and key stakeholders from higher education, foundations, business, and nonprofits. It provides opportunities for learning and education, peer networking, convening, thought leadership and information exchange around a variety of strategies (e.g., ESG integration, impact investing, and shareholder engagement). www.intentionalendowments.org
Gwladys Ngatchou published Weekly News Round-Up: April 30, 2021 in Weekly News Round-Ups 2021-05-03 08:56:29 -0400
In this week’s news, we invite you to take a look at IEN’s Executive Director Georges Dyers’ insight on what institutions can do to influence the fossil fuel industry. And for campus leaders, we are pleased to inform you that Second Nature is awarding funding for projects that focus on long-term, campus-community partnerships and preference given to projects that place an explicit emphasis on climate justice/equity and engaging with communities of color. Use this link to apply before 5pm Today!Read more
With over US$1.2 trillion in client assets under management as of 31 December 2020, Wellington Management serves as a trusted adviser for institutions in over 60 countries. Our innovative investment solutions are built on the strength of rigorous, proprietary research and span nearly all sectors of the global securities markets. Our long-term view and interests are aligned with those of our clients.
To better assess risks and opportunities in client portfolios, we continue to integrate sustainable and climate-related considerations into our investment and risk-management processes firmwide. In 2018 Wellington entered into a collaborative initiative with the Woodwell Climate Research Center (WCRC) — a top-ranked independent climate research institute — to integrate climate science and asset management. And in December 2020, we joined the Net Zero Asset Managers initiative as a founding member, pledging to work with our clients on their decarbonization goals and to help achieve net-zero emissions in the portfolios we manage on their behalf by 2050.
- 2020 Climate Report
- 2020 Sustainability Report
- Investor Roundtable: A Holistic Approach to Climate Research
- Studying how climate change will affect capital markets
- 2021 ESG & Sustainability Outlook
- Net Zero Statement
Gwladys Ngatchou published Weekly News Round-Up: April 23, 2021 in Weekly News Round-Ups 2021-04-23 10:45:49 -0400
As we celebrate Earth Day, we would like to express our gratitude to all of you who were able to create time in your busy schedules to attend our two virtual meetings on Investors Journey Toward Net-Zero and Energy Transition. For those that couldn’t make it, we invite you to see the session recordings here.
In this week’s news, we continue to encourage you to make your vote count for important ESG issues during this proxy voting season (voting resolutions highlighted below) and invite you to join us on April 27 at 2 pm to hear from participating teams in IEN’s SIILK Student Corporate Engagement Competition as they present their final deliverables (and a huge thank you to Federated Hermes for sponsoring this year’s Competition).Read more
Gwladys Ngatchou published Brown Bag Session: Investor Journey to Net-Zero: Understanding your Portfolio in Past Webinars 2021-04-19 17:59:26 -0400
April 19th, 2021 | 2:00-2:45pm ET
As more endowments are exploring and making net-zero portfolio commitments, we invite you to join a conversation on MSCI's approach to defining and measuring progress towards net zero.
Join Catie Chipman and Bruce Kahn of MSCI for a conversation on definitions of net-zero portfolios, issues around measuring the carbon footprint of a portfolio – including Scope 1, 2, and 3 emissions exposure, the TCFD Framework, and climate change metrics – and data solutions for identifying climate risks and opportunities. Participants will hear a brief presentation (~20 minutes) followed by an interactive, Q&A dialogue session.
This event is part of IEN's Net Zero Endowments initiative, which includes a series of "brown bag" sessions on various aspects of making and implementing net zero portfolio commitments.
Catie Chipman, Senior ESG Consultant
Bruce Kahn, Executive Director, Climate Solutions Specialist
Gwladys Ngatchou published Weekly News Round-Up: April 16, 2021 in Weekly News Round-Ups 2021-04-16 12:29:52 -0400
As net-zero continues to gain popularity we are curious to know if your institution is considering net-zero investment strategies or better still wondering where you are in your net-zero portfolio journey?
In this week’s news, we invite you to join us next week for an investor brown bag session and an educational webinar on investing in the energy transition to help you understand your net-zero portfolio with steps you can take to effectively re-align your portfolio.
Also, remember to take action during this proxy season by voting for important ESG-focused issues. Check out the voting resolution highlighted below and take a look at the IEN proxy voting campaign here.Read more
Gwladys Ngatchou published How IEN is Supporting the Education of the Next Generation of Sustainable Investment Leaders in Blog 2021-04-14 09:12:10 -0400
IEN focuses on addressing inequality and the climate crisis by mobilizing capital through endowments, retirement funds, and student-managed investment funds (SMIFs). This spring, we released a new report on the state of the field of SMIFs, highlighting the assets under management, fund structure, and sustainable investing strategies used by SMIFs.
SMIFs provide an experiential education opportunity for students interested in finance by allowing students to actively participate in financial markets by managing a real investment portfolio. These SMIFs support students in gaining real-world experience and developing their professional networks, frequently resulting in high job placement rates.Read more
Gwladys Ngatchou published Weekly News Round-Up: April 9, 2021 in Weekly News Round-Ups 2021-04-09 14:12:02 -0400
We are excited to share IEN’s newest report which highlights the fund structure and sustainable investing strategies used by student-managed investment funds representing $68.4M in AUM engaged in the SIILK Network (IEN's student and faculty facing work).
In this week’s news, we encourage you to explore the possibilities of adopting net-zero portfolios in your investment strategies by signing up for a brown bag lunch discussion on definitions of net-zero portfolios and a webinar on the energy transition with a look at the state of the fossil fuel and clean energy sectors.Read more
Gwladys Ngatchou published IEN Members Insight: A Snapshot of the 2020 Intentional Endowment Network Member Survey Results in Blog 2021-04-08 19:51:53 -0400
The annual member survey is one of the ways in which we assess how members are engaging with the network, what they find useful, and what priorities are emerging for this community. This post provides a snapshot of what IEN members had to say about their participation in the network.Read more
Gwladys Ngatchou published Weekly News Round-Up: February 19, 2021 in Weekly News Round-Ups 2021-02-21 19:10:26 -0500
We can’t believe the Climate Action Pursuit is right around the corner! In this week’s news, we want to remind you that the February Milestone will be starting on February 24th. Be sure to register in advance to meet our 80+ speakers, and get access to 40+ sessions before it's too late.
We are equally excited to announce you of the release of IEN’s 2020 Impact Report. It was a challenging year, and we are grateful for everything this network accomplished, including the strong peer support we have seen and felt all year. Please take a moment to reflect on our year together and the impact the network is having.
Additionally, we’d like to inform you that you’ll be receiving a Special Climate Action Pursuit brief next week in lieu of the regular weekly news roundup.
Have a great weekend!Read more
Gwladys Ngatchou published Weekly News Round-Up: February 12, 2021 in Weekly News Round-Ups 2021-02-12 13:18:42 -0500
We’ve got a big announcement for you this week. We are humbled and honored to have both Dr. Ayana Elizabeth Johnson and Jacqueline Patterson join us at the 2021 Climate Action Pursuit as our February milestone keynote speakers. Dr. Ayana Elizabeth Johnson is a marine biologist, policy expert, writer, and Brooklyn native and Jacqueline Patterson is the Director of the NAACP Environmental and Climate Justice Program.
Hoping you’ve already registered and are as excited as we are for the February 24th Pursuit Kick-off, we invite you to take a look at the session descriptions here and recommend you log in to start securing your sessions of interest.Read more
Gwladys Ngatchou published 2020 Crisis Views Part 22: gwladys ngatchou in Blog 2021-02-11 13:24:16 -0500
This post by Gwladys Ngatchou, of IEN, is part of a series in which IEN members and network partners share their thinking about intentional endowment investing to address racial injustice and other diversity, equity, and inclusion themes. Follow along to read members' insights on five points endowments and institutions can learn and apply from IEN’s primer to gain financial returns while investing for a just and sustainable economy.Read more
Gwladys Ngatchou published Weekly News Round-Up: February 5, 2021 in Weekly News Round-Ups 2021-02-05 13:55:30 -0500
As we celebrate the contributions of African Americans in their struggles for freedom and equality during this Black History Month, we invite you to learn ways to address systemic equalities through your investment portfolio from our Racial Equity Primer.
Registering for The Racial Equity Investment Frameworks, Diversity in endowment’s asset management, and Due Diligence 2.0 commitment sessions of the Climate Action Pursuit will help you effectively engage with racial equity work.
Use this link to join us for Climate Action Pursuit office hours and get all of your questions answered and all of the information you need on Thursday, February 11th at 1 PM EDT. More information below.Read more
David Carris is an Endowment and Foundation Consultant with the UBS Institutional Consulting Program and Financial Advisor based in South Burlington, Vermont. He combines extensive work in the not-for-profit sector with over 25 years professional investment experience to help nonprofits and foundations navigate the unique challenges of endowment management. After joining his first board in high school he has either worked for or served on a nonprofit board continuously ever since. He has designed and administered grant-making programs and served in multiple board leadership roles including strategic planning, development, and board chair. Top-of-mind for many organizations today are questions of fiduciary responsibility, effective asset management with limited resources, and sustainable spending policies. He also brings long experience in social and environmentally aware investing to help foundations better align their endowments with their purpose through mission-based, sustainable, and impact investing.
He holds a B.A. from the University of Pennsylvania and an M.S. from the University of Vermont. Prior to his work in finance, David spent thirteen years working in economic development, community planning, and historic preservation. He holds the Endowments and Foundations and the Certified Investment Manager Certificates through the Wharton School and the Investment Management Consultant Association.
Founder and President of The WAGE Project, Inc. (WAGE)
Evelyn Murphy is founder and President of The WAGE Project, Inc. (WAGE), a nationwide, grassroots, action-organization dedicated to eliminating the gender wage gap. Prior to turning over $tart $mart and Work $mart-- salary negotiation workshops teaching women how to get paid what we are worth—to the American Association of University Women, WAGE facilitated these workshops in 49 states on 400 campuses and to working women. Now, she co-chairs of the Mayor Walsh’s Boston Women’s Workforce Council, working with employers to eliminate their gender wage gaps.
She served as MA Secretary of Environmental Affairs and later, Secretary of Economic Affairs. In 1986, she was elected Lt. Governor of Massachusetts, becoming the first woman in the state’s 200 year history to hold any constitutional office.
Dr. Murphy is Director of Citizens Energy Corporation. She has been a corporate director of six publicly traded, mutual and privately held corporations. In her civic role, she is a founding Director of The Commonwealth Institute; Trustee, the MA Treasurer’s Economic Empowerment Trust Fund; Advisory Board Member of both the Center for Women and Work, UMass Lowell and the Center for Women in Politics and Public Policy, UMass Boston.
She earned a BA in mathematics from Duke University; MA in economics from Columbia University; a PhD in economics from Duke University. She is the author of Getting Even: Why Women Don’t Get Paid Like Men and What To Do About It, recipient of eleven honorary degrees, and the Distinguished Alumnae Award of Duke University Graduate School, and over one hundred awards from federal, state and community organizations, including in 2017 the Pinnacle Award for Lifetime Achievement by the Greater Boston Chamber of Commerce
Gwladys Ngatchou published Weekly News Round-Up: January 22, 2021 in Weekly News Round-Ups 2021-01-22 14:57:34 -0500
It has been an eventful week. First the observation of Martin Luther King Jr Day whose work on racial equity is as relevant now as ever and the peaceful transfer of power at the Capitol Hill this Wednesday. It’s just been a couple of days since the Biden-Harris administration took over yet, we can already see traction on climate policy at the overall office.
In this week’s news, we invite you to sign-on an investor policy recommendation letter to President Biden encouraging the adoption of these recommendations by the Biden-Harris transition team. Read the letter and sign on here.Read more
Guided by our conviction that responsible investing is the best way to create wealth over the long term, Federated Hermes provides specialized capabilities across a wide range of asset classes to investors around the world. The company offers a broad range of investment strategies, from liquidity solutions to high active share global and regional equities to active credit and private markets. Each investment team works with Responsible Investing Office personnel as they look to incorporate proprietary ESG tools and insights from our in-house engagement and stewardship team, EOS at Federated Hermes.
Gwladys Ngatchou published Holden Lee (Jewish Community Federation of San Francisco) in Organizations 2021-01-20 14:31:10 -0500
I am a purpose-driven leader with deep experience in helping corporations, mission-driven entities, and individuals achieve their strategic objectives. My unique perspective comes from more than twenty-five years of hands-on creative work in the capital markets at the intersection of the public, private, and philanthropic spheres, including public-private partnerships, portfolio management, and ESG / sustainable / impact investing. In assuming multiple roles in my career - as an investor, operating executive, transaction lead, grantee, consultant, board member - I see patterns and solutions across systems, sectors, and issue areas. I am particularly interested in working with evolving organizations and families and developing innovative investment strategies that mobilize resources to help solve the pressing issues of our time.
- Organizational governance, enterprise risk, and financial operations
- Board and Investment / Finance / Audit Committee experience
- Creating and implementing sophisticated investment portfolios across a full range of asset classes
- Trends in wealth management, institutional investing, philanthropy
- ESG / Sustainable / Impact Investing, with a focus on strategic alignment, private investments, program-related investments, and blended Return on Investment (ROI) frameworks
- Fund development strategy
- Multi-Family Office leadership
- Community Foundation strategy and operations
- Private investments (private equity, venture capital, real estate)
- Real assets: project finance, infrastructure, cleantech, land, water, ecosystems services and conservation credits