Gwladys Ngatchou

  • Weekly News Round-Up: June 4, 2021


    We’ve got exciting news for this week! We are thrilled to announce Julia Parker, a nonprofit executive with deep expertise in community impact investing is joining us as our new Managing Director. Julia will be working with Georges Dyer, our co-founder on the leadership team of IEN.

    On another note, we are excited to inform you that the June Climate Action Pursuit is next week. Take a look at the agenda and secure your sessions of choice here. You can still register here if you haven’t had the chance to do so.

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  • Weekly News Round-Up: May 28, 2021

    We’d like to inform you that our virtual office will be closed on Monday to honor those who have served in observance of Memorial Day. After we return to work on Tuesday, we're looking forward to sharing an exciting staffing update - stay tuned for that announcement!

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  • Weekly News Round-Up: May 21, 2021

    We are thrilled to announce two more esteemed Climate Action Pursuit speakers who will be featured in the June milestone: Dr. Leah C. Stokes, Closing Keynote speaker, and Dr. Davarian L. Baldwin featured workshop Keynote speaker. If you participated in the February milestone, log in to the event platform now to add their sessions to your calendar. If you haven’t joined the Pursuit yet, make sure you register before June 10th to see and learn from these academics.

    In this week’s news, we invite you to support SEC commissioners and staff who are working to improve climate change disclosure, by signing on to Ceres climate disclosure statement due today!

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  • Weekly News Round-Up: May 14, 2021

     
     
    IEN Members & Activities

    Arizona State University Students Take Top Honors In National Sustainable Investing Contest | IEN

    • Amid growing college and university endowment interest in shareholder engagement and ESG-focused investing, students from Arizona State University (ASU) were recognized by a panel of judges as the best among college competitors in the student-focused SIILK Corporate Engagement Competition hosted by the Intentional Endowments Network (IEN).

    Warren Wilson College to Vote Proxies With New AS YOU VOTE System | As You Sow

    • Warren Wilson College, an IEN member, became one of the first entities, and the first college to sign an agreement with As You Sow and Broadridge Financial Solutions to have As You Vote direct their proxy voting for the remainder of the 2021 season and into the beginning of the 2022 proxy voting season.

    Consultants Form Group to Promote Sustainable Investing | Fundfire

    • [subscription required] Fourteen U.S. consultants, representing more than $33 trillion in global assets under advisement, have formed a group to “promote and improve” sustainable investment practices across the institutional investment industry, according to a statement from Meketa. See consultant group website here

    Higher-Education Investors Introduce Net Zero Endowments Initiative | Fin News

    • The IEN Net-Zero Initiative that aims to have 50 endowments adopt a goal of net-zero greenhouse gas emissions by 2050 is once again featured in this article.
    New IEN Members

    ISS ESG

    • Founded in 1985, Institutional Shareholder Services empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics, and insight. ISS is a leading provider of corporate governance and responsible investment solutions.
    IEN Member Spotlight

    Our members North Sky Capital and Breckinridge Capital Advisor are excited to share their 2021 Impact Report, and 2020 Corporate Sustainability Report respectively.

    Climate Action Pursuit Updates

    We are thrilled that the June Climate Action Pursuit virtual gathering will be here soon. As we are getting closer to dive deeper into Climate Action together, we are excited to announce that the June 10th - June 11th Pursuit agenda is now LIVE!

    In response to your feedback, we’ve designed these two days of virtual gathering to be more interactive. The June milestone offers you more opportunities to join small groups of conversations with experts on your topic of choice. This pursuit is yours and we want to make sure it continues to provide you with adequate resources to set and advance your climate and equity goals.

    • Registration: If you weren’t able to join us during the February kick-off, you can still register between now and June 10th to gain access to the February session recordings and have full access to June, October, and December milestones.
    • Sessions: This is the best time to log back into your Sched account to check where you left off last February and sign up for your June sessions of interest before it fills out.
    • Sched Tutorial: We’ve put together short video tutorials to help you build your personal schedule and another one on how to create your profile.
    Take Action

    IEN Proxy Voting Campaign / Resolution Highlights | IEN

    • Racial Equity in the Boardroom Voting Guide MajorityAction asks investors of all sizes to use their proxy voting power to promote racial justice by holding boards accountable across three key areas this year: lobbying and political spending, racial equity auditing and board diversity.
    • Shareholder Commons Voting Guide: Here are upcoming votes opportunities from the Shareholder common guide to create value for diversified investors by strengthening the social and environmental systems upon which their portfolios rely.
    • JPMorgan Chase —May 18, 2021 o Item 6: Conduct racial justice audit
    • State Street —May 19, 2021 o Item 4: Conduct racial justice audit

     

    Sign-On Opportunities

    Policy Briefing: SEC Requests Comments on Climate Change Disclosure | PRI

    • Consistent, comparable disclosure of ESG information is a top priority for responsible investors and PRI is actively working on a detailed response to the SEC.

    Sign-On CDP Science-Based Targets Campaign |CDP

    • CDP asks investors to play a key role in accelerating the adoption of science-based climate targets in the corporate sector, by becoming a signatory of CDP SBT Campaign before June 30. learn more on the Science Based Targets initiative by joining this webinar open to the public on Tuesday, May 18.

    See a list of investor actions on Covid-19, racial justice, and other sign-on opportunities here, including:

    Read New Resources and Reports

    Racial Justice Resources | USSIF

    • In 2020, US SIF launched a member Racial Justice Task Force after the murders of George Floyd, Breonna Taylor and Ahmaud Arbery prompted renewed attention to the disproportionate violence police inflict against Black Americans and the impacts of COVID-19 were revealed to be particularly devastating to communities of color. This resource page, compiled with input from US SIF’s Racial Justice Task Force, provides information on investing to advance racial justice, organizations working on racial justice, and resources on embedding racial equity in the workplace.

    CDP Financial Services Disclosure Report 2020 | CDP

    • The CDP report finds that portfolio emissions are over 700x larger than direct emissions - and the risks of inaction are huge. Financial institutions must urgently decarbonize their portfolios, by disclosing the impact of their financing activities, setting science-based targets, and aligning all financing activity with the Paris Agreement.

    The Results Are In! France's ACPR Publishes Report of 2020 Pilot Climate Risk Assessment (aka Stress Test) for Participating French Banks and Insurers | Lexicology

    • The French Prudential Supervision and Resolution Authority published a first assessment of financial risks stemming from climate change and the main results of a climate pilot exercise (which many have referred to as a climate risk “stress” test) conducted between July 2020 and April 2021 and covering 9 banking groups and 15 insurance groups (including several public sector financial institutions), together representing 85% of French banks’ total assets and 75% of French insurers’ technical provisions and assets, respectively
    Sustainable Investing Trends
    Sustainable Investing by Institutional Asset Owners

    Universities Leveraging Shareholder Power to Promote Climate Action | AUAU

    • With the climate crisis now at our doorstep, several universities in Canada have decided to turn up the heat on unsustainable businesses with a “money talks” approach. The University Network for Investor Engagement, a joint effort by 11 universities across the country to leverage their collective shareholder power to compel businesses in which they invest to operate more sustainably. The initiative advocates for businesses in the universities’ investment portfolios to reduce their emissions in line with the 2016 Paris Agreement on climate change.

    ASU’s Net Zero Portfolio Policy | ASU

    • ASU’s net-zero portfolio policy is has been made available online.
    Sustainable, Impact, and ESG Investing News

    Amazon Raises $1 Billion Sustainable Bond for Climate, Social Causes | Reuters

    • Amazon.com Inc issued its first sustainability bond, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing as asset managers come under pressure from their investors to advance environmental, social and governance causes.

    Global Asset Managers Call for Uniform Climate Reporting Metrics | IEEFA

    • Global asset managers, tired of dealing with multiple regimes for disclosing climate and environment-related risks, say governments need to establish a uniform, yet simple, metric for reporting that will drive investments for achieving net-zero carbon goals.

    Three key ESG Trends Advisors Need to Be Aware of | IE

    • The concept of stewardship is gaining prominence among investors in Canada and globally, but what exactly does it mean in practice?This article provides a quick overview of three big issues in RI that every advisor should know about: stewardship, impact measurement and net zero.

    Consultants Form Group to Promote Sustainable Investing | Fundfire

    • [subscription required] Fourteen U.S. consultants, representing more than $33 trillion in global assets under advisement, have formed a group to “promote and improve” sustainable investment practices across the institutional investment industry, according to a statement from Meketa. See consultant group website here

    Plans With ESG Options See Larger Contribution Rates | PlanSponsor

    • Ninety percent of participants who are aware of environmental, social and governance options in their plan’s lineup say they invest in them. The survey equally found that 37% of DC plan participants said they are offered ESG-related investment options by their employer, while 40% said they did not know.

    Invesco ETF Chief Seeks Disruptive, Innovative Investments For Best ETFs | Investors

    • Invesco's global head of ETFs and indexed strategies Anna Paglia says her goal is to crack the code to provide clients with the best outcome possible as she's pursuing the most disruptive and innovative investments available, and creating some of the best ETFs including the suite of QQQ ETFs in the process.

    The Increasing Role of ESG Investments in the Race to Zero | Arabian Business

    • The biggest indicator of the importance of environmental, social, and corporate governance investments is that their total market value will reach $53 trillion within the next five years – a colossal sum more than the combined GDP of the USA, UK, China and Germany.

    Why Your Fund Manager Needs to be Considering More than Just Alpha | Livewise

    • Developments in sustainable investing require the fund manager of the future to adapt yet again: To integrate material ESG factors to protect their client's portfolio. This requires a change in mindset for today’s portfolio manager. To be fit for the future, he or she needs to know more than just how to maximise alpha.
    Sustainable Business Spotlight

    Read the latest observations on sustainable business trends from Greenbiz:

    Finance: Bloomberg Green

    • Valerie Baudson, the new CEO of Europe’s biggest asset manager, has a roadmap laid out before her as she takes on BlackRock. Major Exxon investor joins activist campaign in battle to reform the fossil fuel behemoth and toughen up its climate goals. Half of Shell’s energy mix will be clean “somewhere in the next decade,” according to the fossil fuel company’s CEO. Hedge fund star managing $1.3 trillion for Norway says greed is out while diversity and climate goals are in.BNP Paribas urges investors to guide lawmakers on climate policy.
    Higher Education Trends
    Higher Education Endowments

    Yale Names Alexander Banker as Interim Endowment Head | WSJ

    • Yale University said Alexander Banker, director of investments at Yale’s endowment, would run the endowment until a successor is named for longtime endowment chief David Swensen.

    Utah Endowment Considers Realignment Toward Sustainability | CIO

    • The University of Utah’s Academic Senate has approved an ad hoc committee’s proposal to realign the university’s endowment “toward positive sustainability investments,” which includes implementing eight recommendations.

    Harvard Is Paying Out More of Its Endowment Next Year. Here’s Why Other Schools Aren’t Likely to Follow | Institutional Investor

    • Harvard University’s endowment plans to distribute more money in the fiscal year 2022 after recording strong annual returns, the school’s chief financial officer recently revealed.

    Tulane University Appoints New CIO | Institutional Investor

    • Tulane appointed Richard Chau as the private university’s chief investment officer. Chau will be responsible for managing the university’s endowment and related long-term investment assets.
    Campus Sustainability & Resilience

    Stanford Issues Novel Sustainability Bonds CIO

    • Stanford University sold $375 million in environmental, social, and governance-related public market debt securities in April to help finance various projects in the university’s capital plan. The university says the sale marked the first time a US college or university has issued bonds carrying dual climate and sustainability designations for financing campus construction and renovation projects.

    Princeton Adopts Plan to Support More Diverse-Owned Businesses, Broaden Pool of University Suppliers | Princeton Edu

    • As part of ongoing efforts to address systemic racism at Princeton and beyond, the University has adopted a Supplier Diversity Action Plan to broaden the pool of suppliers who work with the University and to support more businesses led by people of color, women, veterans, and members of the LGBTQ+ community.

    UMD Students Explore Sustainability through College Park Circular Economy Project | DBKNews

    • Over a two-week trial in April, two seniors at the University of Maryland came together to test whether a circular economy, a system that aims to reduce waste and focuses on the continual use of resources, would work in College Park. Derek Safieh and Samantha Pearlstein, are external consultants for LogTrade, a Swedish software logistics company looking to explore new markets in the United States college campuses as young people tend to be more interested in buying discounted items and more open to trying out new technologies.
    Addressing Inequality

    The UC System’s Policing Expansion Belies Its Stated Commitment to Racial Justice The Nation

    • The University of California has proposed shocking changes to its policing policies. These changes are directly contrary to national trends toward de-escalation, greater accountability, and alternatives to armed response. The new, costly policies not only expand the coercive power and discretionary authority of the UC Police Department but also continue to inflate its bloated budget.
    Community Impact Investing

    ESG Investments Will Fuel Africa's Post-Pandemic Recovery | International Investment

    • DFIs have long track records of being critical providers of financing in Africa, supplying riskier, longer-term investment capital that tends to focus on sustainability, with ESG-like metrics that seek to ‘crowd in' commercial lenders. While certain differences lie within the DFIs' specialties, with some focused on a subset of countries, sectors or currencies, most DFIs invest across the board to ensure and enhance a prospect's success.
    Diversity, Equity, & Inclusion Best Practices

    Princeton Adopts Plan to Support More Diverse-Owned Businesses, Broaden Pool of University Suppliers | Princeton Edu

    • As part of ongoing efforts to address systemic racism at Princeton and beyond, the University has adopted a Supplier Diversity Action Plan to broaden the pool of suppliers who work with the University and to support more businesses led by people of color, women, veterans, and members of the LGBTQ+ community.

    Meketa Investment Group Hosts Inaugural Day of Understanding | Yahoo Finance

    • Meketa Investment Group (Meketa), a global investment consulting and fiduciary management firm, announced the firm recently hosted its inaugural Day of Understanding. A day that seeks to help address bias in the workplace and community
    Addressing the Climate Crisis
    Net Zero Emissions

    Zoom in on Net Zero - with UCL Sustainable Agriculture Expert Dr. Carole Dalin | Business Green

    • Principal research fellow, at UCL's Institute for Sustainable Resources, Dr. Carole Dalin chats to James Murray about decarbonizing agriculture and food

    Manulife Announces Journey to Net Zero | Guru Focus

    • Manulife announced a net-zero emissions commitment to support climate goals worldwide, recognizing the important role 37,000 employees, 118,000 agents, and over a trillion dollars in assets under management and administration can play in global climate solutions.

    Net Zero: Despite the Greenwash, It’s Vital for Tackling Climate Change | The Conversation

    • The necessity of reaching net-zero emissions globally is abundantly proven in science, and governments pledged in the 2015 Paris Agreement to achieve “a balance between anthropogenic emissions by sources and removals by sinks” in mid-century, in pursuit of holding global warming to 1.5℃. Yet, It is no exaggeration to say that net-zero is now the defining lens through which many governments, businesses, NGOs, and other types of entity view decarbonization.
    Climate Risk & Climate Science

    U.S. SEC Chair Tells Congress He Plans New Rules on Climate Risk, Trading | Reuters

    • The new chair of the U.S. securities regulator told lawmakers the agency was considering new trading rules to address issues raised by this year's GameStop Corp (GME.N) trading saga and the meltdown of private fund Archegos Capital.

    London CIV to Reassess Some Investments for Climate-Target Compatibility | P&I

    • The London-based pool's first climate risk analysis, covering £8.7 billion ($12 billion) in local authority member fund assets, showed that emissions were 11.5% higher in certain assets than what is needed to align the pool's carbon footprint with the requirements of the Paris Agreement.

    The Best of Our Climate-Change Analysis, Delivered Every Fortnight | The Economist

    • [Newsletter] Financial firms tend to say they set green goals out of a sense of purpose. But self-interest also plays a part. Asset managers can charge their clients more for climate-friendly funds than for conventional ones. A green tinge helps impress customers too.
    Building Sustainable Retirements

    Plans With ESG Options See Larger Contribution Rates | PlanSponsor

    • Ninety percent of participants who are aware of environmental, social, and governance options in their plan’s lineup say they invest in them. The survey equally found that 37% of DC plan participants said they are offered ESG-related investment options by their employer, while 40% said they did not know.
    Next Generation of Sustainable Investors
    Student-Managed Investment Funds

    Arizona State University Students Take Top Honors In National Sustainable Investing Contest | IEN

    • Amid growing college and university endowment interest in shareholder engagement and environmental, social and governance (ESG)-focused investing, students from Arizona State University (ASU) were recognized today by a panel of judges as the best among college competitors in the student-focused SIILK Corporate Engagement Competition hosted by the Intentional Endowments Network (IEN).
    Engaging Corporations

    Is Uber Disclosing Enough Information About its Lobbying? 30% of Shareholders Want More | Market Watch

    • Thirty percent of shareholders voted for the proposal calling for Uber UBER, +1.53% to produce a report on its lobbying, according to preliminary results announced by the company at its annual shareholder meeting.

    Daily ESG Briefing: As You Sow Lands First Proxy Voting Client | RI

    • North Carolina-based Warren Wilson College has signed up to As You Sow's new proxy voting service, which it launched recently in partnership with Proxy Impact. The college, which has an endowment of some $55m, will be provided with ESG-based recommendations on all its proxy ballot.

    Edward Mason: It’s Time to Re-Shape the Exxon Board for the Energy Transition | RI

    • This year’s ExxonMobil shareholder meeting on 26 May will be one of the most significant AGMs since the advent of modern responsible investment. For the first time, Exxon investors are being offered the opportunity to appoint alternative directors, who would bring much-needed value creation and energy transition experience to the board. It is an opportunity all investors committed to responsible investment must seize.
    Divestment Movements
    Fossil Fuel Divestment

    Divestment & the Future of the University’s Endowment | Wesleyan Argus

    • The Wesleyan Committee for Investor Responsibility in this article clears up some confusion about Endowment’s relationship with oil and gas which are three confusing and often misunderstood topics.

    Maine's Legislature Could Become First to Require Divestment of Public Funds from Fossil Fuels | Main Monitor

    • A dozen students, teachers, activists, and retirees rallied in support of a trailblazing bill aiming to divest Maine’s public funds from fossil fuels. The bill has sparked constitutional arguments and a debate over how more than $17 billion of state funds should be invested to best serve the public.
    Policy News

    House Committee Approves Bill to Require Climate Risk Disclosures | Yahoo Finance

    • The House Financial Services Committee advanced a bill that would require public companies to report more information about their climate change risks. It's not yet clear when the full House could take up the bill. Supporters argue the Climate Risk Disclosure Act will allow people to assess climate-related risks and make more informed investment decisions, which could help speed up the market transition from fossil fuels to more sustainable energy sources.

    Focus on ESG Will Continue to Grow Under Biden Administration | NLR

    • In 2021, the global impact of environmental, social, and corporate governance investing will continue to grow, with key implications for the asset management industry.

    The SEC May Get Tougher on ESG Claims—Shaking Things Up for Investors | Fortune

    • Asset management firms already have a responsibility to make disclosures in line with the SEC’s climate change rules adopted in 2010. But more recently, interim agency head Allison Herren Lee set the SEC on a collision course with the ESG movement, just as Gensler’s nomination moved forward.
    Investment Firm News

    Federated Hermes, Inc. launches Responsible Investing Institute to Provide Continuing Education for Investment Community | PR News

    • Federated Hermes, Inc., a global leader in active, responsible investing, announced the launch of the Responsible Investing Institute to train members of the investment community about the topics of responsible investing and role of environmental, social and governance factors in investments.

    Wealthsimple Launches New Shariah-compliant ETF on the NEO Exchange | Yahoo Finance

    • The NEO Exchange welcomes the first NEO-listed ETF by Wealthsimple Inc. ("Wealthsimple") managed by Mackenzie Investments, providing investors with access to a diversified index of Shariah-compliant stocks.

    New Test for Startups Determines Climate Impact in Six Questions | Bloomberg

    • Plenty of the startup companies approaching Clean Energy Ventures for funding promised to cut carbon emissions. But when asked how much they could cut, they didn’t know. The venture capital firm built a calculator to find out. The calculator asks applicants six questions, then estimates how much their proposed product or service can cut the world’s greenhouse gas emissions by 2050.

    Fidelity International Hires Sustainable Investing Director | Finews

    • Gabriel Wilson-Otto joins Fidelity as a Hong Kong-based director for sustainable investing, according to a statement, reporting to global head of stewardship and sustainable investing Jenn-Hui Tan.
    Partnership Opportunities
    • Support Racial Equity Investing: We are accelerating network action on investing in racial equity through 2021. Thank you to Prime Buchholz and Global Endowment Management for answering this call to support our initiative! To join them in sponsoring this work or to learn more about the series of webinars, workshops, and other peer-learning convenings in the pipeline, please contact Kaede at [email protected]
    • Net Zero Endowments Steering Committee: We are convening a group to guide our work on net-zero portfolios with opportunities for asset managers to participate and sponsor this work. Contact Georges at [email protected] to learn more.
    • Sponsor Our Work Educating the Next Generation of Sustainable Investment Leaders: The SIILK (Sustainable and Impact Investing Learning and Knowledge) Network is an initiative of IEN. Through SIILK, IEN is working to ensure higher education institutions develop the next generation of leaders committed to an equitable, low carbon, and regenerative economy through student-managed investment funds (SMIFs) and a sustainable investing curriculum. You can learn more about the students and faculty involved in SIILK by reading our new report, Educating the Next Generation of Sustainable Investment Leaders: A Report on the State of the Field of Student-Managed Investment Funds, highlighting the assets under management, fund structure, and sustainable investing strategies used by SMIFs. Contact Nicole Torrico at [email protected] for more information, to get involved, and to learn more about opportunities to expand access to sustainable finance education through partnership or sponsorship.
    • Sponsor the Climate Action Pursuit: Thank you to our current sponsors of the Climate Action Pursuit! To join for the remainder of the year as a partner, or sponsor, please contact: Hannah Bowen at [email protected]
    Sustainable Finance Careers

    Visit the new IEN Members Job Board page on IEN’s website to see postings from IEN members.

    Calendar of Upcoming Events
    IEN Events

    Climate Action Pursuit - June Milestone | June 10-11, 2021

    Climate Action Pursuit - October Milestone | October 7-8, 2021

    Climate Action Pursuit - December Milestone | December 9-10, 2021

    Other Events

    What It Means to Be Green | U of Maryland, May 17, 2021

    Gender Lens Investing: Hear from the Experts | Philanthropy Women, May 20, 2021, 2 pm ET

    Fundamentals of Sustainable and Impact Investment - Conference Version | US SIF, June 14, 2 pm ET

    US SIF FORUM 2021 | US SIF, June 16-18, 2021

    Received this email as a forward from a colleague? Subscribe to IEN's news updates here.

     


  • Weekly News Round-Up: May 7, 2021

    As a network, we recognize and celebrate Asian American and Pacific Islander Heritage Month by encouraging you to be part of the solution to racial equity in your investment practices and community engagement work. You can do so by joining next Thursday's webinar on The Ins and Outs of Designing a Racial Equity PortfolioThis webinar will introduce you to Natixis AIA Racial Equity Portfolios and inform you on how to be a more socially conscious investor.

    In this week’s news, we are excited to present to you IEN’s newly formed Net-Zero Steering Committee who will help guide our Net Zero Endowments initiative. 

    Read more

  • 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

    ContactMax Karlin, (703) 276-3255 or [email protected]; and Georges Dyer, Co-Founder and Executive Director, Intentional Endowments Network, [email protected].


  • Weekly News Round-Up: April 30, 2021

    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

  • published Wellington Management in Organizations 2021-04-28 12:10:43 -0400

    Wellington Management

     

     

    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.

    Additional Resources:

    www.wellington.com/en/sustainable-investing

     


  • Weekly News Round-Up: April 23, 2021

    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

  • Brown Bag Session: Investor Journey to Net-Zero: Understanding your Portfolio

    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.

     

    Recording

     

    Speakers

         Catie Chipman, Senior ESG Consultant

                                      

        

      Bruce Kahn, Executive Director, Climate Solutions Specialist

     


  • Weekly News Round-Up: April 16, 2021

    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

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  • How IEN is Supporting the Education of the Next Generation of Sustainable Investment Leaders

    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 SMIFshighlighting 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.

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  • Weekly News Round-Up: April 9, 2021

    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

  • IEN Members Insight: A Snapshot of the 2020 Intentional Endowment Network Member Survey Results

    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.

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  • Weekly News Round-Up: February 19, 2021

    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!

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  • Weekly News Round-Up: February 12, 2021

    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. 

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  • published 2020 Crisis Views Part 22: gwladys ngatchou in Blog 2021-02-11 13:24:16 -0500

    Five Top Things Endowments Needs to Know About IEN Racial Equity Primer

    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.

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  • Weekly News Round-Up: February 5, 2021

    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 FrameworksDiversity 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

  • published David Carris in Organizations 2021-02-02 12:34:10 -0500

    David Carris

    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.

    financialservicesinc.ubs.com/fa/davidcarris

     


  • published Libby George in Executive Committee 2021-01-26 16:40:50 -0500

    Libby George

    Libby George, Director of Investments, North Carolina State University

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