Sorelle Ngatchou published Impact Summit Europe 2022 - Phenix Capital Group in Events & Webinars 2022-01-10 15:27:06 -0500
Sorelle Ngatchou published Weekly News Round-Up: December 17, 2021 in Weekly News Round-Ups 2021-12-17 13:32:21 -0500
We’re excited to announce that our virtual 2022 Higher Education Climate Leadership Summit will be on April 5-8, 2022. Stay tuned for more details including registrations, agenda and sponsorship opportunities.
It's a bittersweet end of the year for us at IEN as Kaede Kawauchi, IEN’s Director of Strategic Initiative is transitioning to start a new role at Ceres in January (please keep in touch!). In conjunction, we’re actively recruiting a Sustainable Investing Program Manager, with a focus on Climate Justice & DEI. Please review and circulate the job description here.
On another note, this will be our last news round up of the year as the IEN office will be closed from December 24, 2021 through January 2, 2022, and will reopen on Monday, January 3, 2022 from the holiday break. We wish you all the best going into 2022!
Have an amazing New Year!Read more
Sorelle Ngatchou published Impact Investor Global Summit in Events & Webinars 2021-12-15 12:07:37 -0500
Sorelle Ngatchou published 2022 Higher Education Climate Leadership Summit in Events & Webinars 2021-12-13 13:34:54 -0500
Sorelle Ngatchou published 7th Annual Sustainability Week - Economist Impact in Events & Webinars 2021-12-07 12:20:13 -0500
Sorelle Ngatchou published Weekly News Round-Up: December 3, 2021 in Weekly News Round-Ups 2021-12-03 14:11:46 -0500
We’d like to thank all those who supported us on Giving Tuesday. IEN relies on the generosity of donors like you to forward our mission of getting and supporting endowments to mobilize their capital for systemic change. We are truly grateful for your support.
In this week’s news, we’re excited to inform you that our final Climate Action Pursuit Milestone starts next week (Dec 9th -10th). The December milestone will focus on celebrating this year’s climate action progress and look to highlight key achievements from this community. Make sure to take a look at the live agenda and start bookmarking your sessions of choice.
In addition, the 2021 IEN Member Survey deadline has been extended to December 15, 2021. Members are encouraged to take the survey to help us set the network’s upcoming year priorities.Read more
Sorelle Ngatchou published Press Release: The Next College Sustainable Investment Target: Faculty Retirement Plans in Blog 2021-12-02 16:39:51 -0500
US Department of Labor’s Proposed Rule Will Remove Barriers Making It Easier to Select Investments that Consider Climate Change and other environmental, social and governance (ESG) factorsRead more
Sorelle Ngatchou published Retirement project press release in IEN Press Releases 2021-12-02 16:36:41 -0500
The Next College Sustainable Investment Target: Faculty Retirement Plans
US Department of Labor’s Proposed Rule Will Remove Barriers Making It Easier to Select Investments that Consider Climate Change and other environmental, social and governance (ESG) factors
WASHINGTON, D.C. – December 2, 2021 – With the recent proposed rule from the US Department of Labor making it easier for employees to invest in retirement funds that consider climate change and other social factors, the Intentional Endowments Network (IEN) is calling on America’s institutions of higher education to start offering ESG integrated retirement plan options and has updated its Retirement Guide to better assist Plan Sponsors in this endeavor.
Colleges and universities in the U.S. are a hotbed of climate initiatives and the fossil-fuel divestment movement, but very few schools offer sustainable retirement plans allowing their employees to avoid investing in funds that are not explicitly considering the risks of climate change or addressing other environmental, social and governance (ESG) investment issues, such as racial and gender equality and for-profit prisons, according to IEN. The stakes here are high, with more than $1 trillion in 403(b) assets in higher education retirement funds that are potentially investing in ways that run counter to the mission of their institutions.
“Endowments are recognizing the risks and opportunities associated with issues like climate change and racial equity and are increasingly taking action to adjust their investment strategies accordingly -- but most retirement investments are not offering options that do this,” said Georges Dyer, executive director of the Intentional Endowments Network. “IEN's Sustainable Retirements Initiative and this Guide assists colleges, universities, and other nonprofits in adding strong sustainable investment options that will lead to better long-term risk-adjusted returns for their faculty and staff. Now is the time for universities to begin adding these funds as we expect the floodgates to open once the DOL rule is finalized.”
The Guide now has a section designed to address fiduciary concerns that have arisen in the consideration of adding these types of funds in retirement plans, commissioned in partnership with Ceres. “All investors should be evaluating risk from climate change and other ESG factors in making their investment decisions. However, these concerns are particularly relevant to retirement savers,” said Eric Pitt, climate finance consultant for Ceres.
“Unless our society makes significant changes, the financial impacts of climate change will only increase over time, which creates the imperative to invest retirement savings in a way that limits exposure to avoidable climate risks. We are optimistic that the rules governing these plans are changing to better reflect these realities, and we applaud the many forward-thinking investors who are raising their voices in support. The fiduciary section of this guide was written to show how even now, plan sponsors can add climate-aligned and ESG funds to their plans in keeping with the letter and spirit of relevant regulations - and in so doing, can help to protect retirement assets for the long-term,” Pitt stated.
Representing over $1 trillion in 403(b) assets, retirement plan options for faculty and employees of colleges and universities are deeply invested in companies and investment products that run counter to the missions and goals of faculty, students, and institutions themselves. According to the Plan Sponsor Council of America, “fewer than 3 percent of plan sponsor respondents included (an ESG) option on their plan investment menu.” As a result, responsible investment funds (ESG) make up less than 1 percent of the funds in a typical retirement program for colleges and universities.
Further, in a 2019 study done by Mirova found that funds tracking 500 of the largest publicly traded companies in the US (S&P Index) would warm the planet by 4.3 degrees Centigrade by 2050. This is nearly 3 degrees higher than what the Paris Agreement called for in order to avoid the greatest impact of climate change on the planet.
Many colleges and universities have made commitments for their endowments to reach “net zero” emissions from the underlying assets, and/or pursue fossil fuel free strategies, including high-profile institutions such as Harvard University, Loyola University-Chicago, Dartmouth, Brown University, Cornell University, Boston University and the University of Massachusetts. Yet many of these same institutions fall short when it comes to offering retirement plans for their faculty and staff that align with their core mission and the transition to a low-carbon economy.
“College endowments have taken positive actions on investment issues relating to climate, diversity and inclusion, and racial equity, but higher education retirement plans have been slower to follow the same path,” stated Michael Rhim, a Principal at PRM Consulting and author of the Guide. “We anticipated the Biden administration and DOL would make it easier for employees to invest in these funds and the expanded Guide now also provides faculty, staff and students with information to determine what is in their retirement plan and how to advocate for ESG funds to be included in them.”
The IEN Guide, which was developed with the support and expertise of Federated Hermes, Gitterman Wealth Management, Natixis and Schroders can be downloaded here.
The Intentional Endowments Network is a peer learning network of colleges, universities, and other mission-driven institutional investors working together to achieve their risk and return objectives through investment actions that create a thriving, sustainable economy. IEN has more than 165 network members including endowments, asset managers, investment consultants, nonprofit partners, and individuals. www.intentionalendowments.org
CONTACT: Tony Calandro 314 420 2289
Giving Tuesday is Here!
We are participating in the global generosity day, #GivingTuesday, for the first time to raise $5000 that will help us get more endowments investing their money for climate and social justice.
We believe that higher education institutions are influential actors with the power to drive systemic change. You can help us get endowed institutions to mobilize their capital for an equitable, low carbon and regenerative economy by funding our operational needs. Are you with us?
Endowments have a unique opportunity where doing the right thing for the climate – reducing their exposure to stranded carbon asset risk, and investing solutions – is also the smart thing for their investment portfolios.
– Bob Litterman, Chair, Risk Committee Kepos Capital LP
Over the past few years, IEN has become a robust and active network of higher education leaders, nonprofit partners, financial industry practitioners, and other key stakeholders, working together to find the most strategic and effective ways to approach endowment investing in the context of 21st century sustainability challenges. We moved from
- 77 members in 2015 to 192 members in 2020
- 20 publications in 2-15 to 92 resources in 2020
- 14 events in 2015 to 55 join convenings in 2020
So far ...
- We've coordinated 7 Working Groups and initiatives focused on Shareholder Engagements, DEIJ, Net Zero Initiative, Sustainable Retirement and Next Generation of Sustainable Investors (SIILK)
- 5 foundations and 31 companies provided core funding to support sustainable investing initiatives in 2020 and many more have divested their investment from fossil fuel and committed to Net Zero portfolios in the past few months
- As of April 2021, the Net Zero Asset Managers Initiative triple in size - now, over $32 trillion (36% of the global total) are managed by firms committed to the goal of net zero greenhouse gas emissions by 2050 or sooner.
We want to get more endowments investing for systemic change and need your support to achieve that goal. Help us meet our goal by donating Today!
Thank you for making a difference. Feel free to download and share any of the following posters on social media with a your #ImpactGiving story.
Sorelle Ngatchou published Fall 2021 Newsletter in Quarterly IEN Newsletter 2021-11-18 01:12:38 -0500
As we savor the crisp fall air and prepare for winter, we’re marking COP 26 with optimism to accelerate the transition to clean energy while developing new and safe ways to impact our communities and the environment. As we move into this transition, it is clear that now is the time for endowments to make Net Zero Portfolio commitments.
This quarter, we share an updated Sustainable Retirement Guide with two new modules on Fiduciary Duty and an Advocate’s Guide to make it easier for institutions to add ESG funds to their retirement programs and an invitation to take our 2021 member survey to help us assess and improve our collective work.
We also announced that the 2022 annual Higher Education Climate Leadership Summit will be going virtual and we will reconvene in person at the University of Miami in 2023. The exact dates and approved submitted proposals for the virtual Summit will be announced soon so please stay tuned!
The IEN Team
Spotlight: Climate Action Pursuit and 2022 Higher Ed Climate Leadership Summit The December Climate Action Pursuit will be here soon! More than 700 registrants who have been part of the Pursuit since February are all invited to participate in this final milestone. You can review brief summaries of all of the past milestones in the event platform here, and registered participants can log in to view recordings there as well.
You can still register! If you want to join us in December and gain access to the February, June and October session recordings, you can do so here. We’ve spent the last three milestones learning, planning and leading together on climate justice at our institutions, in our communities and across our economy. The December milestone will focus on celebrating our progress during this year’s journey and look to highlight key achievements from this community
The 2022 annual Higher Education Climate Leadership Summit, co-hosted by Second Nature and the Intentional Endowments Network (IEN), will be going virtual and we will reconvene in person at the University of Miami in 2023. The exact dates and approved submitted proposals for the virtual Summit will be announced soon so please stay tuned!
Updates from the Network New IEN Members
We are pleased to welcome V-Square Quantitative Management LLC, Finite Management, LLC, California State University, Fullerton, Acansa Investment Management Group, Monticello Associates, Marc Tannous, American Sustainable Business Council (ASBC) and Social Venture Circle (SVC), and UC Davis Foundation to the Network! To learn more about the leadership opportunities and benefits of IEN membership, click here.
IEN Team News
This fall, we had the opportunity to work with three fantastic IEN interns: Bella Alvarez, Sydney Gerbel, and Exequiel Morales. They have been a great addition and support to the team through their time with us and shared what they’ve learned in our blog. You’re welcome to learn more about their experience with IEN here.
IEN Members can access the following recent webinars through our member-only archive:
- Investor Case for Addressing Human Rights | November 3, 2021
- Carbon Footprinting 101: How to Take the First Step on the Road to Net-Zero | October 13, 2021
- Endowments Investing to Meet the Climate Crisis | September 21, 2021
- Investor Case for Addressing Human Rights | November 3, 2021
Please join us for our upcoming IEN events:
- Net Zero Portfolios - Roundtable for Small and Medium Sized Endowments (By Invitation Only) | November 18, 2021
- Climate Action Pursuit - December Milestone | December 9-10, 2021
- 2022 Climate Leadership Summit | TBA
- GreenBiz 22 | February 15-17, 2022
- Washington Oregon Higher Education Sustainability Conference (WOHESC) 2022| March 2, 2022
See our full event calendar here, and please let us know which topics you would most like to hear from members about in this year’s webinar series!
COP26 Underscores the Need for Endowments to Lead on Climate
- At IEN, we believe that it will take an all-hands-on deck approach to meet the emission reduction targets that were recommitted to at COP26. That is why we convene and support endowments in committing to net zero portfolios, educating students about sustainable investing, and participating in shareholder engagement efforts to get portfolio companies onto decarbonization pathways. To limit global warming to 1.5 degrees Celsius compared to pre-industrial levels, the global financial system must play an essential role in the overall effort to reduce the amount of carbon emitted into the atmosphere. We are strongly encouraged by a number of key developments both during and prior to the start of the COP26 conference, read more on the IEN blog.
IEN's Focus Areas SIILK (Sustainable & Impact Investing Learning & Knowledge) Network
Applications are now open to participate in the 2022 Student Corporate Engagement Competition, which invites students to pitch an investment in a publicly-traded company, and include in that recommendation a shareholder engagement strategy focused on addressing inequality and the climate crisis, as they are systemic risks that threaten a healthy society, and in turn, healthy portfolio returns. Participating students will receive a variety of benefits, including access to mentorship and networking opportunities, free and discounted registration to educational workshops and industry events, presentation opportunities, and multimedia interview opportunities.
Sign up to compete here.
We are also looking for sustainable finance professionals to serve as mentors to students participating in this year's Competition. Mentors will guide student teams as they develop their investment recommendations and shareholder engagement strategies. If you are a sustainable investing professional, we want you to volunteer to mentor a student team.
Sign up to volunteer as a mentor here.
Lastly, on the SIILK Network's October 2021 call, Jeramy Lund, Managing Director of the University Venture Fund at University of Utah, gave a presentation on the origin and mission of the school's student venture fund, as well as how the fund is organized and managed.
Watch the presentation here.
Sustainable Retirements: ESG Options for Retirement Plans
- The Department of Labor announced a policy proposal on October 13th that, when adopted, will allow plan fiduciaries to consider ESG risks when including funds in retirement plans. As this decision will likely spur increased interest in ESG-aligned retirement plans, an Advocates Module geared toward plan participants was added to the Guide to Sustainable Retirements to help them determine what funds are in their DC plans and advocate for the inclusion of ESG funds. In addition, the October milestone of the Climate Action Pursuit included a session focused on moving assets for climate justice, including incorporating ESG funds into retirement plans. Please see here for more information on the Sustainable Retirements Initiative.
Supported by Natixis, Federated Hermes, and Schroders
Net Zero Endowments
- As a complement to the Net Zero Endowments Initiative, IEN recently surveyed members about their view on divestment -- please contact us if you are interested in seeing the results. In addition, the Net Zero Steering Committee is currently working on publishing a white paper highlighting the intersectional nature of climate issues and racial justice. We’ve also seen a number of exciting commitments to divestment and net-zero portfolios — the University of Toronto recently pledged to divest its $4B endowment from fossil fuel investments and committed to net-zero emissions by 2050; The McKnight Foundation committed to a net zero portfolio; Harvard will no longer invest any of its $42B endowment in fossil fuels; and Boston University, Dartmouth and several others also had similar announcements this fall. We encourage our members and other interested organizations to get involved in this space and make a net zero commitment. Please visit the Net Zero Endowments page for more information and resources.
Supported by Wellington Management, ISS ESG, and Adasina Social Capital
Diversity, Equity, and Inclusion
- IEN’s DEI Initiative brought four climate justice leaders to provide a keynote at the October milestone of the Climate Action Pursuit to illustrate how the problem and the solution are intertwined with our legacies of colonialism and environmental racism, offering a justice-centered path forward in addressing climate change. At the Pursuit, we also hosted a workshop to explore approaches to investment decision making that shift power dynamics to align with grassroots and community priorities. As part of our Racial Equity Investing Learning Series, we invited the network to consider the Investor Case for Addressing Human Rights, laying out why human rights is an essential component of an investor’s sustainable investing strategy. Many of these activities were made possible by the members of IEN’s DEI Working Group that continue to meet quarterly to facilitate learning and collaboration to help the network make progress on DEI. Learn more here about joining this community, participating in joint work, or sponsoring.
Supported by Prime Buchholz and Global Endowment Management
Fiduciary Duty & Policy and Trustee Peer Group
We will be combining the Fiduciary Duty & Policy working group and the Trustee Peer Group to form a new Endowment Governance Working Group. The new group will monitor developments in fiduciary duty law and governance best practices; and develop educational offerings for Trustees and Investment Committee members on ESG and mission-aligned investing. Over the past quarter we have monitored the new DOL rule and are currently drafting comments in support of the proposed rule. Contact [email protected] about participating in this new working group.
The 2021 proxy season gave investors the opportunity to weigh in on more than 400 shareholder proposals on topics including climate change, racial justice, executive compensation, political spending and worker representation on boards. A record number of these proposals received majority support from investors. Network member Warren Wilson College, supported by IEN staff, contracted with As You Vote, a new ESG aligned proxy voting service, to contribute to an historic result at General Electric (GE), helping to achieve a 98% vote on meeting Net Zero emissions targets by 2050 and resulting in a commitment from GE to set more aggressive targets to meet that objective. There was an increase in Racial Justice proposals this year, directing companies to assess the effectiveness of the Diversity Equity and inclusion efforts, to release diversity data and to engage a third party to conduct a racial equity audit. WWC helped many proposals related to racial justice get greater than 30% support including at American Express and Union Pacific which received 60% and 81% votes in favor of assessing the effectiveness of its DEI efforts. We also published a thought piece on Paying Attention to CEO Pay: Are You Overcompensating the Executives in Your Endowment? looking at the risks of investing in companies with excessive CEO pay and how fiduciaries can address this issue through shareholder advocacy. Learn more here about participating in this work.
In the News IEN in the News
Below is a sampling of recent news articles we've posted in our Weekly News Round-Up, ranging in topics from Sustainable, Impact and ESG Investing, Climate Risk, Science & Regulation, Sustainability in Higher Education, Divestment, Clean Energy, and more. To receive news updates directly in your inbox every Friday, manage your mailing preferences here.
IEN in the News:
- Two More Major Funders Are Moving Assets Away from Fossil Fuels, in a Shift Years in the Making | Inside Philanthropy, October 21, 2021
Read more coverage of the network here
Recent Announcements About Higher Education Endowments Aligning Their Investments with Institutional Goals
24 asset owners took significant steps this fall towards aligning their investments with institutional sustainability goals. Read coverage of recent announcements by higher education endowments and other asset owners about their progress:
- Aberdeen University: Aberdeen became the 90th university in the UK to commit to complete divestment from fossil fuels.
- Boston University: The University’s Board of Trustees voted to immediately end all direct investment in fossil fuels.
- Cal State System: CSU Chancellor announced that no future investments in fossil fuels will be made by any of the system’s three investment portfolios.
- California State University Monterey Bay: The University’s investment committee is in the process of analyzing how a potential full divestment from fossil fuels would impact their returns.
- Dartmouth: The Trustees of Dartmouth have pledged to end all holdings in fossil fuels in addition to making new investments in the clean energy industry.
- Ford Foundation: Announced no future investment in assets related to the fossil fuel industry.
- Grand Valley State University: The Dorothy A. Johnson Center for Philanthropy at GVSU started an equity endowment for small Michigan-based nonprofits.
- Harvard University: The Harvard Management Company built on its previous termination of direct investment in fossil fuels, adding that it will not make new investments in the fossil fuel industry in the future. It also pledged to ensure its own operations are “greenhouse gas neutral” by June 30, 2022.
- Lancaster University: The University has transferred all of its investment portfolios to new ESG-aligned funds.
- Loyola University Chicago: Loyola has released a new sustainable investment policy, which includes divestment from fossil fuels and integration of ESG considerations.
- Macalester College: The College pledged to divest all dedicated, publicly traded oil and gas assets, including all shares of Enbridge, Inc. It also adopted a college investment policy that prohibits any new direct investment in oil and gas assets.
- McKnight Foundation: The Foundation has pledged to convert its $3B endowment to a net-zero portfolio by 2050.
- Mount Holyoke: Mount Holyoke shared updates on their fossil fuel divestment strategy and carbon neutrality pledge established in March 2021.
- Selwyn College: The College will divest from all “meaningful” investments in fossil fuels by the end of this year.
- Trinity College: Trinity’s Investment Committee will be moving its shares out of the MSCI World ex-Fossil Fuel, ex-Tobacco Index and into the ILIM Climate Conscious Fund Index.
- University of Minnesota: The University will divest all of its funds currently supporting fossil fuel-related companies over the next 5-7 years, largely to the credit of its students’ activism.
- University of San Diego: Alongside other Catholic universities, University of San Diego is seeking to eliminate its endowment’s exposure to fossil fuels in alignment with Laudato Si’. Laudato Si’, or “Praised Be To You” is a line from The Canticle of the Sun by St. Francis.
- University of St. Thomas: Over the next five years, the University will divest from public securities of companies involved in the exploration and extraction of fossil fuels. In the next 10 years, it will do the same for private investments alongside a pledge to not create any new investments in fossil fuel companies.
- University of Toronto: In addition to an announcement of divestment from fossil fuel, the University communicated a goal of a net zero portfolio by 2050. It will also allocate 10 percent of the endowment portfolio to sustainable and low-carbon assets by 2025 – an estimated $400 million worth of investments.
- University of Virginia: A new Advisory Committee on Investor Responsibility has been established at the University to supplement the addition of ESG criteria into the management of their endowment.
- Vassar College: The Board of Trustees announced the explicit addition of environmental and sustainability concerns to their endowment management guidelines.
- Virginia Union University: The University’s new endowment policy makes them the first HBCU to have the majority of its portfolio managed by firms with minority owners.
- Worcester Polytechnic Institute: WPI has signed the UN’s Principles for Responsible Investment.
- Sewanee: The University of the South: The Board of Regents has committed to investing $10 million dollars of the University endowment in the Sewanee Village development plan.
If you have an original piece you would like to submit for an upcoming newsletter, or for more information about the Intentional Endowments Network and how you can support this work, please contact Gwladys Ngatchou at [email protected].
View past issues of IEN’s weekly news summary online here.
Received this email as a forward from a colleague? Subscribe to IEN's news updates here.
Sorelle Ngatchou published Weekly News Round-Up: November 12, 2021 in Weekly News Round-Ups 2021-11-12 14:24:41 -0500
We’re back from our short break with a special COP 26 edition. This week’s news is partly dedicated to news coming from Glasgow, including initiatives, pledges, and opinion pieces on the promises from world leaders and endowments news.
We’d also like to thank our incredible fall interns for their insights, diligent work, and contributions throughout their time with us and welcome you to read their work on our blog here.
Additionally, we invite you to take our quick 2021 Membership Survey to help us assess and improve our collaborative work. All respondents have the chance to enter a raffle for a free ticket to the 2022 Higher Education Climate Leadership Summit and a $50 gift card to Frugal Bookstore, a small, independent community bookstore in Boston .Read more
Sorelle Ngatchou published Weekly News Round-Up: October 22, 2021 in Weekly News Round-Ups 2021-10-22 13:18:39 -0400
We’re excited to inform you that we’ve partnered with ValueAdvisor, a non-profit platform that offers investors the opportunity to search for experienced values-based investment advisors. IEN members can now use this unique code (IEN_CRANE) for your free IEN subscription to ValuesAdvisor here.
In this week’s news, we’d like to invite you to register for an upcoming discussion on why human rights should be an essential component of your sustainable investing strategy.
On another note, our Weekly News Round Up will take a short break for the next two weeks as Gwladys will be on a well deserved vacation during that time. We'll be back to our regular news round-up on Friday Nov. 12, 2021.Read more
Sorelle Ngatchou published Weekly News Round-Up: October 8, 2021 Climate Action Pursuit Edition in Weekly News Round-Ups 2021-10-15 15:58:49 -0400
It has been exciting and wonderful having many of you online this week at the Third Milestone of the 2021 Climate Action Pursuit! We've been busy ensuring that pursuit participants have an amazing experience and haven't follow the news this week.
We'll definitely be back to our regular news round-up next Friday, but in the meantime, are pleased to share this special October Milestone Climate Action Pursuit edition. If you missed the previous milestone sessions, don't worry, you can watch recordings of what you missed, and join the journey in our next two half day celebratory milestone, December 9-10, 2021.
On another note, we'll like to inform you that our virtual office will be closed on Monday October 11, 2021 in observance of Indigenous people's Day.Read more
Sorelle Ngatchou published Weekly News Round-Up: September 24, 2021 in Weekly News Round-Ups 2021-10-15 15:53:45 -0400
In this week's news, we’d like to thank all those who were able to attend our Climate Week NYC session on ways Endowments Invest to Meet the Climate Crises. IEN members can see the recording of the session hereRead more
Sorelle Ngatchou published Weekly News Round-Up: October 1, 2021 in Weekly News Round-Ups 2021-10-01 15:34:30 -0400
We'd like to remind you that the October Milestone of the Climate Action Pursuit is next week! if you participated in the February and/or June milestone, you’ll still be in our registration system. Please make sure your account is activated to log into your Sched account and bookmark your sessions of interest.
Also, in light of recent major fossil fuel divestment announcements, endowments are seeking information on how their peers are thinking about divestment in 2021. Endowments and OCIOs/consultants -- please take a few minutes to complete this brief survey to share your views.Read more
Sorelle Ngatchou published Weekly News Round-Up: September 17, 2021 in Weekly News Round-Ups 2021-09-17 13:56:41 -0400
We are honored and excited to announce the esteemed speakers joining us for the October Climate Action Pursuit! We hope that you are as excited as we are for this coming milestone and invite you to take a look at the live agenda to start bookmarking your sessions of interest.
In this week’s news we’d like to remind you to register for our Climate Week NYC sessions on ways endowments and other investors are using their money to meet the climate crisis. The live webinar will be on Tuesday September 21, 2021 at 11 am EDT. Register now before it’s too late!Read more
Sorelle Ngatchou published Weekly News Round-Up: September 10, 2021 in Weekly News Round-Ups 2021-09-10 14:16:51 -0400
Tomorrow will mark the 20th anniversary of the 9/11 terrorist attack. A day that changed the country and our way of life forever. We invite you to commemorate this day in recognition of both the lives lost and the sacrifices made by first responders and their families.
In this week’s news, we’re thrilled to announce Cool Schools 2021 was just released and Arizona State University ranked first of the top of the 20 sustainable schools by Sierra Club standards along with several other IEN members.
In addition, we wish you a happy National 401(k) Day and encourage you to celebrate this day advocating for ESG integration in your retirement plans. Don’t know where to start? Check out IEN’s Guide to Sustainable Retirements.Read more
Sorelle Ngatchou published Weekly News Round-Up: September 3, 2021 in Weekly News Round-Ups 2021-09-03 13:52:59 -0400
The elevated threat from extreme weather and the latest IPCC report are stark reminders for urgent action to address climate change. Join IEN at Climate Week NYC on September 21, at 11am EDT to explore ways to make climate justice central to your decarbonization strategies.
In this week’s news, we’d like to highlight our updated Social Equity webpage featuring curated resources on social equity investing, and our State of the Field page tracking progress that university endowments have made in sustainable investing. .
On another note, the IEN virtual office will be closed Monday in observance of labor day.Read more
Sorelle Ngatchou published Carbon Footprinting 101: How to Take the First Step on the Road to Net-Zero in Past Webinars 2021-10-14 14:23:24 -0400
October 13, 2021, 11:30 am – 12:30 pm ET
The latest IPCC report and recent climate disasters in various parts of the world are stark reminders of the need to accelerate the transition to a low-carbon economy. The Intentional Endowment Network’s Net-Zero Steering Committee is leading the charge in the endowments space and several notable endowments, such as Harvard, Stanford, Arizona State, Michigan, and Penn, have already committed to net-zero investment portfolios by 2050. The road to net-zero may be long, but what is the simplest way for an endowment to start the journey? Conducting a carbon footprint assessment of an investment portfolio is a great starting point, as it allows investors to quantify the amount of greenhouse gas emissions (GHG) their investments contribute to, compare them to established benchmarks, and devise a strategy for managing their GHG exposure.
Join us for an educational webinar, where we will bring together distinguished speakers from ISS to discuss how endowments can embark on the road to net-zero by conducting carbon footprint assessments and integrating climate risks in their investment analyses.
Ariane de Vienne, Global Head of Asset Owner Strategy, ISS
Jeff Mindlin, Chief Investment Officer, ASU Enterprise Partners
Sorelle Ngatchou published Weekly News Round-Up: August 27, 2021 in Weekly News Round-Ups 2021-08-27 12:59:03 -0400
We’re soliciting sponsors to help remunerate our fall intern’s work. We’ve selected three exceptional candidates who are passionate about ESG investing to join our team this fall. Sponsoring their internship will allow them to get exposure and hands-on experience to sustainable investment practices while being compensated for the effort they’ll put in. Contact [email protected] to learn more about the sponsorship opportunity.
In addition, we’d like to remind you that proposal submissions for the 2022 Higher Education Climate Leadership Summit ends on August 31st, 2021. Don’t forget to submit your proposal.Read more