Sorelle Ngatchou

  • Weekly News Round-Up: May 13, 2022

    New IEN members are invited to register for our upcoming new members Community Conversation scheduled for May 26 at 1pm ET to learn more about the network, connect with other new members, and to collaboratively build our community of sustainable investing.

    In this week's news, Bowdoin College launched a plan for a fossil fuel-free campus by 2042, the US SEC has extended the period for public comment on climate risk proposals to June 17, 2022, and we invite you to continue showing your support for a consistent, comparable, climate change disclosure by signing on this statement.

    Read more

  • Webinar: Blue Ocean for Impact with EnTrust Global

    Event details coming soon!

    WHEN
    June 14, 2022 at 11:00am
    rsvp

  • published Spring 2022 Newsletter in Quarterly IEN Newsletter 2022-05-06 13:59:40 -0400

    Spring 2022 Newsletter

    In this Earth Month issue of our newsletter, we continue to highlight how the endowment community can engage on climate action urgency and the need to include underrepresented communities at the decision-making table of climate solutions, key themes that were discussed at this month's 2022 Higher Education Climate Leadership Summit. Summit participants can now watch the summit sessions recordings and are welcome to leave us their feedback to help us plan for the 2023 Summit in Miami Florida.

    We also invite you to join us as an audience member for this year's Student Corporate Engagement Competition Finals on Friday April 29th at 3pm ET to hear the finalist's cutting edge strategies to improve company business performance and impact on society. The winners will be announced Live!

    Finally, we are encouraging all IEN members and friends to sign-on to this statement in support of the proposed SEC Climate Disclosure Rule, and reach out to us if interested in submitting your own comment letter ahead of the May 20th deadline.

    Warm Regards,

    The IEN Team

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    Sustainable Retirement Initiative New Member Spotlight: Q&A with Alex Wright-Gladstein, CEO and Founder of Sphere
    Natalie Calandro recently spoke with Alex Wright-Gladstein, CEO and Founder of Sphere, a company that is making it easy for employers to offer climate-friendly investment options to their employees via their company’s 401(k) or 403(b) retirement savings plans. Alex joined the IEN Sustainable Retirements Initiative earlier this year – take a look at their conversation HERE!
    Spotlight: 2022 Higher Ed Climate Leadership Summit

    This year’s Higher Education Climate Leadership Summit brought together over 650 registrants, 16 sponsors, 23 Host Institutions and 11 organization partners. See a snapshot of summit participants here

    The four days of the programing covered a range of higher education sustainability topics across operations, endowment investing, academics, and policy. These courageous conversations offered participants unique opportunities to connect on the urgency of climate action and the ways to drive capital toward solutions and frontline communities.

    “I liked the wide variety of sessions to choose from and the push to focus on what we can all do to help move towards a cleaner future!”

    “I loved learning about what we can do beyond the land acknowledgement--that was my most powerful take away”

    Quick Request:

    Please take a few minutes to complete our 2022 Higher Education Climate Leadership Summit Feedback Survey to help inform the initial planning process for the 2023 Summit in Miami, Florida next February.

    Access Summit Recording

    • Log into the Airmeet Summit site with your log-in, go to the session (Agenda) you want to watch, and click on the “Watch Replay” button. (Access available to summit participants only)

     

    Feature Blog: ValuesAdvisor & IEN: Connecting Endowments With Qualified Advisors

    It's quite challenging to find trusted financial professionals when working to align your values. IEN's recent partnership with ValuesAdvisor, a vetted database of values-aligned financial professionals aim to make it easy for endowments to find trusted financial professionals to help them achieve their sustainability goals. Learn more and get IEN's access code to the platform HERE

    Updates from the Network
    New IEN Members

    We are pleased to welcome Amnesty International USA, Angeleno Group, Diffractive Managers Group, EnTrust Global, Global Investor Collaboration Services, Ownership Capital, Sphere, and V-Square Quantitative Management to the Network! To learn more about the leadership opportunities and benefits of IEN membership, click here.

    IEN Team News

    This Spring, we welcomed Paris Prince as the Director of Justice Equity, Diversity & Inclusion (JEDI) at IEN. Paris is passionate about cultivating and promoting inclusive partnerships across lines of difference to support empowerment and social change.

    Paris Prince

    Harrison Ungar

    Director of Justice Equity, Diversity & Inclusion (JEDI) at IEN Program Manager - Sustainable Investing

    We were also delighted to welcome Harrison Ungar, IEN’s Program Manager - Sustainable Investing. Prior to IEN, Harrison worked with social enterprises and venture capital firms as a management consultant and will be leading IEN’s membership stewardship and growth as well as IEN’s data management and impact metric tracking and analysis.

    Recent Webinars

    IEN Members can access the following recent webinars through our member-only archive:

    (Summit participants can watch session recordings by watching logging into the Airmeet Summit site with their summit log-in informations)

    Upcoming Events

    IEN Members can access the following recent webinars through our member-only archive:

    (Summit participants can watch session recordings by watching logging into the Airmeet Summit site with their summit log-in informations)

    Upcoming Events

    Please join us for our upcoming IEN events:

    Other Events

    IEN's Focus Areas
    Sustainable Retirements: ESG Options for Retirement Plans

    As part of IEN’s Sustainable Retirement Initiative, we launched our Guide to Sustainable Retirements. This guide is designed to provide practical information relevant to plan sponsors, human resources and finance officers and personnel, advocates, employees, investment advisors, legal scholars, and others. It aims to address misconceptions related to the use of ESG funds in retirement plans. In addition, this guide contains modules on financial performance and fiduciary duty concerns, a how-to guide for plan sponsors evaluating the addition of ESG funds to retirement plans, and steps outlining how to advocate for ESG integration in retirement plans.

    Read the full Guide here.

    Sustainable retirement News:

    Supported by: Natixis, Federated Hermes, Schroders, TIAA

    SIILK (Sustainable & Impact Investing Learning & Knowledge) Network
    • SIILK (Sustainable & Impact Investing Learning & Knowledge) Network:

      10 student teams from colleges and universities across the U.S. and Canada (Arizona State University, Bard College, Central Washington University, New York University: Stern School of Business, Presidio Graduate School, Ryerson University, University of California Berkeley: Haas School of Business, University of Minnesota, and Virginia Wesleyan University) have submitted investment recommendations and proposed engagement strategies for consideration in this year’s ​​Student Corporate Engagement Competition.

      Join us on April 29th, from 3:00 - 5:00 p.m. ET to hear from our Finalists as they present their final deliverables and discuss their cutting edge strategies to improve company business performance and impact on society.

      Visit the Competition's webpage to learn more, and if interested in participating in next year's Competition as a student team, partner, or sponsor, please complete this form to indicate your interest.

      To connect on additional ways to be a part of our work supporting sustainable investing education through SIILK, reach out to Nicole at [email protected]

    Supported by: TIAA and Federated Hermes

    Net Zero Endowments
    • Net Zero Endowments: IEN’s Net Zero Endowments Initiative continued to promote its new white paper on the intersection of net zero portfolios and investing with a JEDI-lens: Leading with Justice: Net Zero Investing & Conversations on Climate Justice. We had two fantastic sessions at our Summit earlier this month focused on Net Zero Portfolios, and have initiated a guest speaker series as part of the NZ Steering Committee's monthly calls. We are encouraging investors to sign-on two important statements, one in support of the SEC Climate Disclosure Rule, and the 2022 Global Investor Statement to Governments on the Climate Crisis - visit our Investor Statements page to sign-on to these and other important opportunities.

    We encourage investors to get involved with this initiative and make net zero portfolio commitments. Please visit the Net Zero Endowments page for more information and resources and contact [email protected] to learn more.

    Supported by TIAA / Nuveen, Wellington Management, ISS ESG, and Adasina Social Capital

    Justice, Equity, Diversity, and Inclusion (JEDI)
    • IEN’s JEDI Initiative maintained a focus on climate justice at the final milestone of the Climate Action Pursuit in December to illustrate how the problem and the solution are intertwined with our legacies of colonialism and environmental racism. We continued to promote the Belonging Pledge and Due Diligence 2.0 initiatives; and advanced our work with the Racial Equity Investing Coalition, including promoting Confluence Philanthropy’s upcoming Belonging Townhall on May 18th. We also advanced relationships and partnerships between IEN and other groups advancing JEDI in investing, such as NAIC, Institutional Allocators for DEI, and IDiF. IEN’s JEDI Working Group that continues to meet quarterly to facilitate learning and collaboration on these topics. Learn more here about joining this community, participating in joint work, or sponsoring.

    Supported by Prime Buchholz and Global Endowment Management

    Investment Governance Working Group
    • We are planning our first meeting of the new Investment Governance Working Group for early summer. This group combines our Fiduciary Duty & Policy 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. Contact [email protected] about participating in this new working group.
    Shareholder Engagement

    On the call, As You Sow will share more about our partnership with their ESG aligned proxy voting service (As You Vote), which was created to streamline the process of proxy voting along ESG guidelines for endowments. Warren Wilson College (WWC) will also share their experience utilizing the service, including how in 2021, WWC cast 13,000 proxy votes at 1,200 companies, and working with IEN and As You Sow, submitted shareholder proposals at 20 companies for the 2021-2022 proxy season.

    Additional highlighted sign-on and voting opportunities as well as proxy resolutions and voting guides are available on the Sign-On to Investor Statements’ page on IEN’s website.

    If you have interest in getting involved in our shareholder engagement work, reach out to [email protected]

    Featured Resources
    Resources from IEN Blog
    Other Resources from the Field
    In the News
    IEN in the News

    Read more coverage of the network here

    Recent Announcements About Higher Education Endowments Aligning Their Investments with Institutional Goals

    Read coverage of recent announcements by higher education endowments and other asset owners about their progress:

    • Bentley University: Bentley University announced its 2021 Sustainability and Climate Action Plan, and commits to carbon neutrality by 2030.
    • Carleton University: Carlston University has updated its responsible investment policies to include a commitment to divest its endowment from fossil fuel and to achieve significant decarbonization of its portfolios by 2030.
    • Marquette University: Marquette University’s Board of Trustees has approved an updated investment policy for the university endowment with new socially responsible investing that strictly prohibits direct investments in public securities whose primary business is the exploration or extraction of fossil fuels. The university’s current investment portfolio does not include any direct public investments in fossil fuels.
    • Rice University: Rice Management Co. (RMC) committed to reducing emissions related to fossil fuel plans for their endowment’s energy portfolio to be carbon neutral by 2030.
    • UVIMCO: The University of Virginia Investment Management Company (UVIMCO) announced its commitment to ESG and a NetZero investment portfolio by 2050.

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    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 Sorelle 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.

     

     


  • Weekly News Round-Up: May 6, 2022

    We’re proud to announce Bard College and Virginia Wesleyan University as winners of the semester-long 2022 IEN Student Corporation Engagement Competition. The competition focused on sustainable investing and environmental, social and governance shareholder advocacy.

    In this week’s news, UMaine System commits to divest its $15.5M from the fossil fuel industry by 2030, and we continue to encourage you to support the climate change disclosure rule made by the U.S. Securities and Exchange Commission by signing on this statement  

    Read more

  • 5th Annual Advisors Forum & Climate Solutions Summit

    Learn more and register here

    WHEN
    June 01, 2022 at 9:00am - June 03, 2022 at 9:00am
    WHERE
    Ford Foundation Center for Social Justice, New York, NY
    rsvp

  • Weekly News Round-Up: April 29, 2022

    In the growing effort to support the new U.S. Securities and Exchange Commission (SEC) proposed rule, we invite you to sign on this statement as an indication of your support for a consistent, comparable, and decision-useful information climate change disclosure. You’re also welcome to use this email template from ICCR to encourage companies you have a working relationship with to support the proposed rule or be neutral on the rulemaking proposal. 

    In this week's news, Harvard pledges $100 million to redress ties to slavery by supporting descendants and Native communities and collaborating with Black colleges and universities. An action step Felicia Davis, IEN Steering Committee Member and Senior Adviser HBCU Green Fund recommended in the IEN blog in 2020 as a way America’s elite colleges can address the question of reparations.

    Read more

  • Not for Profits in Focus – Today’s insight, tomorrow’s strategy

    Register Here

    Tune in on May 4th at 9:30 AM ET for a webinar on Ways Not for Profits organizations Can Make Impact

    Advancing the mission of Not for Profit organizations can be helped by the growing field of impact investments. Impact investing allows investors to fund sustainable solutions that not only address the most pressing needs of our time but also enhance investors’ ability to meet their financial objectives. 

    This webinar will focus on:

    - The case for impact investing, including its ability to connect capital to the greatest sustainability challenges

    - How has the impact investment opportunity set evolved?

    - What are some of the considerations to building an impact portfolio to ensure mission alignment and achieving financial returns.

    - Key insights into their journey to implementing impact investments in to their portfolio and the challenges they encountered from concept to implementation.

    Speakers:

    • Georges Dyer, Executive Director, Intentional Endowments Network. (Moderator)
    • Beth Sirull, President and CEO of the Jewish Community Foundation of San Diego (JCFSD)
    • Susanne Bregy, Head of Impact Investing at Phineo gAG
    • Amy Ridge, Partner, Mercer Alternative

    Register Here


  • Weekly News Round-Up: April 22, 2022

    Today, we are reminded of the need to reconnect and protect our environment by making more sustainable life decisions.

    Celebrate Earth Day with us at IEN by registering for this upcoming webinar on ways to invest in a food system that can restore and repair our relationship with the planet. And join us on April 29 at 3:00 p.m. ET to support the next generation of sustainable investors finalists as they deliver their final presentations at the IEN Student Corporate Engagement competition finals. The Winner of the competition will be announced live.

    Read more

  • published GreenFin 22 in Events & Webinars 2022-04-20 12:29:42 -0400

    GreenFin 22

    Learn more and register here

    WHEN
    June 28, 2022 at 9:00am - June 29, 2022 at 9:00am
    WHERE
    New York, Ny , Pier Sixty
    rsvp

  • Weekly News Round-Up: April 15, 2022

    It was inspiring to see many of you at the 2022 Higher Education Leadership summit last week! Summit registrants can now watch the Summit sessions recordings here. While you're at it, help us plan for the 2023 Summit by completing this brief anonymous 2022 Summit Feedback Survey.

    In this week's news, we invite you to sign on this investor Letter in support of the proposed rules put forth by the U.S. Securities and Exchange Commission to enhance and standardize climate-related corporate disclosures.

    On different note, we’d like to inform you that our virtual office will be closed Monday April 18, 2022 for IEN team to take well deserved rest after hosting a successful summit last week!

    Read more

  • Weekly News Round-Up: April 8, 2021

    It has been inspiring and exciting having many of you online this week at the 2022 Higher Education Climate Leadership Summit! We've been busy ensuring that Summit participants have a great experience and haven't followed the news cycle closely this week

    We'll definitely be back to our regular news round-up next Friday, but in the meantime, we are pleased to share this special 2022 Higher Education Climate Leadership Summit edition. For those that missed some sessions during the summit, recordings of every session are now available on the Airmeet platform for registrants. You can access the recordings here.

    Read more

  • Weekly News Round-Up: April 1, 2022

    The 2022 Higher Education Climate Leadership Summit begins next week Tuesday April 5 - 8, 2022. Take a moment to secure your spot at the premier gathering of higher education leaders committed to addressing inequality and the climate crisis today. Register here

    In this week’s news, we invite you to Sign on this investor letter in support of the proposed rules put forth by the U.S. Securities and Exchange Commission to enhance and standardize climate-related corporate disclosures. Learn more and sign here

    Read more

  • Shipping Industry Launches the Blue Sky Maritime Coalition to Address Climate Change

    Leaders in the global shipping industry have launched the Blue Sky Maritime Coalition to accelerate the transition of shipping industry toward net-zero GHG emissions and address global climate change. Purus Marine, established by IEN member EnTrust Global, is one of the founding members of the coalition.

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  • Weekly News Round-Up: March 25, 2022

    We are pleased to support the ESG for Impact Conference Scholarship. An initiative that aims at bringing qualified young people into the ESG/SRI community to ensure that the commitment, and competence of the SRI/ESG movement be sustained into the next generation.The 2022 Scholarship Program is open through June 15th. Learn more here.

    In this week’s news, we invite you to take a look back at what we accomplished last year through our 2021 Impact Report and remember to register for the 2022 Higher Education Climate Leadership Summit before it’s too late. Register Today!

    Read more

  • published 2021 Network Impact Report in Blog 2022-03-22 08:19:53 -0400

    2021 Network Impact Report

    Take a look back at what the Intentional Endowments Network accomplished last year through the 2021 IEN Impact Report. While we grapple with global challenges, the endowment community continues to advance sustainable investment practices and strategies.

    Read more

  • Weekly News Round-Up: March 18, 2022

    We’re elated to announce Megan Red Shirt-Shaw, Director of Native Student Services at the University of South Dakota as one of the 2022 Higher Education Climate Leadership Summit keynote speakers. Megan will enlighten summit participants on ways higher education can effectively engage with indigenous communities beyond land acknowledgement. Learn more and register here

    In this week's news, we continue to celebrate women’s rights month and watch the ongoing invasion of Ukraine with sorrow. We also share best practices and priorities investors need to consider when formulating their companies' views on political, social and moral issues. 

    Read more

  • Weekly News Round-Up: March 11, 2022

    We’re thrilled to welcome Paris Prince as IEN's Director of Justice, Equity, Diversity & Inclusion (JEDI) and Harrison Ungar as Program Manager - Sustainable Investing. We’re grateful to have these new additions to the team and look forward to our work together.

    In this week’s news, we invite you to take a look at these women who are shaping the future of finance and ESG in observance of Women's’ Rights Month, and invite you to join us at the 2022 Higher Education Climate Leadership Summit to learn how to effectively diversify our financial system. You’re welcome to join us as an individualHost Institution or sponsor.

    Read more

  • published Paris Prince in Team 2022-03-10 07:53:55 -0500

    Paris Prince

    Paris Prince

    Director of Justice, Equity, Diversity & Inclusion (JEDI)

    [email protected]

    Read more

  • Weekly News Round-Up: March 4, 2022

    The 2022 Higher Education Climate Leadership Summit agenda is now live. Join us virtually on April 5 - 8, 2022 to learn how we can invest for an equitable, low-carbon, regenerative economy. Register and/or become a summit sponsor here

    In this week’s news, we share UVIMCO Investor Responsibility Framework that outlines the steps the organization is taking to build on its commitment to investing Virginia University funds sustainably, and the newly released IPCC special report on climate change impacts.

    Read more

  • Report: University of Illinois Sustainable Investing Program Generates Positive Returns and Impact

    Two Years After Sustainable Investing Act, IEN Study Shows the U of I System Flagship Sustainable Investment Returned 47% on Annualized Basis, Outperforming Benchmarks.

     

    CHAMPAIGN, IL – MARCH 2, 2022 – U.S. college campuses are at the forefront of a major investing sea change, and the University of Illinois (U of I) System is a leader in exemplifying how sustainable endowment investments can outperform traditional ones, according to a new study by the Intentional Endowments Network (IEN). The study details how two years after establishing a program to incorporate environmental, social and governance (ESG) factors into investment decisions, an initial allocation of $160 million has grown to $252 million, returning 47% on an annualized basis and outperforming its benchmark (Russell 3000) by 1.2%. 

    In 2020, U of I System President Tim Killeen announced the Empowering Excellence: Financial Stewardship through Responsible Investing program. The program was formed based on the U of I System’s Guiding Principles and the Illinois Sustainable Investing Act after engaging with students, faculty, alumni and other key stakeholders such as IEN. 

    “The University of Illinois System is a model colleges and universities can consider as pressure from students, faculty and alumni mounts to clean up endowment portfolios,” said Georges Dyer, executive director of the Intentional Endowments Network. “Not only is it the right thing to do for people and the planet, but the U of I System shows that it makes good financial sense as well. It’s my hope that other institutions follow Illinois’ lead and begin to create sustainable value for their endowments and future generations.”  

    The University of Illinois System’s program includes six core initiatives across asset classes:

    seeding an ESG Insights strategy managed by BlackRock, active ownership, sustainable farming practices, private market impact funds, industry advocacy and student engagement. The program also builds on the U of I System’s long-standing commitment to increase allocations to diverse-owned and -led investment management firms. The new IEN report takes a closer look at each of the core initiatives, concluding that the program “provides a compelling approach for endowment leadership on mission aligned investing.”

    “Our process has shown that there are opportunities to move toward mission-aligned investing across the portfolio in ways that protect and enhance financial returns,” said Geri Melchiorre, senior director of investments for the University of Illinois System. “We are pleased to share our progress to date in this new report from IEN as we continue to engage with our students and the broader community on these topics.”

    The U of I System’s process provides another example of the many ways endowments can follow the steps laid out in IEN’s Intentionally Designed Endowment Roadmap to educate and learn, build consensus, develop policies, implement those policies and communicate to stakeholders. The system’s process also provides one model of how endowments can design sustainable investing strategies to protect capital, enhance returns, and contribute to a more healthy, just and sustainable economy.

    IEN’s new publication comes on the heels of two other annual reports from endowments on their sustainable-investing progress. Arizona State University published its inaugural Sustainable, Responsible, and Impact Investing Report, highlighting ASU’s commitment to a net-zero portfolio, integrating justice, diversity, equity and inclusion (JEDI) considerations into the investment process, and progress on shareholder engagement on ESG issues. Separately, Harvard Management Company released its second annual Climate Report, providing updates on its progress toward meeting a net-zero portfolio goal by 2050.  

    “No two endowments will approach their sustainable investing journey in exactly the same way,” added IEN’s Dyer. “The U of I System’s program shows how this can be done working through its investment managers by seeding the BlackRock strategy and leveraging unique attributes of its asset pool by advancing sustainable farmland practices. Sharing the journey so far is a valuable contribution to IEN’s peer-learning network.” 

     

    ABOUT

     

    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 

     

    The University of Illinois System is a world leader in research and discovery, and the largest educational institution in the state with more than 94,000 students, about 26,000 full-time equivalent faculty and staff, and universities in Urbana-Champaign, Chicago and Springfield. The U of I System awards more than 24,000 undergraduate, graduate and professional degrees annually.

     

    CONTACT:   Alex Frank, (703) 276-3264 and [email protected].


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