Warren Wilson College
Endowment Value: $55 million (2020)
Warren Wilson College is a private college located in Swannanoa, North Carolina. It has a total undergraduate enrollment of around 600 students. The Board of Trustees' Investment Committee manages the endowment.
Warren Wilson College’s Board of Trustees voted unanimously in 2015 to divest endowment funds from fossil fuels over the next five years. In a move that aligns the college’s investments with its core values, the college will divest from the world’s top coal, oil, and gas companies. The Board adopted a Responsible Investment Policy that includes environmental, social, and corporate governance (ESG) considerations and management strategies. In addition to no new endowment funds being invested in fossil fuel companies, the College also conducts positive screenings based on ESG parameters. Within two years alone, the College successfully divested 84% of its portfolio.
In 2020, Warren Wilson College was featured in the Intentional Endowment Network’s case study on ESG investing. The study revealed that schools employing ESG investing practices saw the same or better returns as schools employing a traditional approach to investing. Read the full study here.
Warren Wilson College is a participant or member of the following Initiatives & Commitments:
- AASHE STARS: Yes, Gold
- ACUPCC: Yes, Carbon Neutral by 2025
- Billion Dollar Green Challenge: No
- CDP: No
- Divestment Goal: Yes, full
- Committee for Investor Responsibility: Yes
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: No
- Sustainable Investment Policy: Yes
- Principles for Responsible Investment: No
Other Sustainable Investing Practices and Resources:
- Endowment Management
- Responsible Investment Policy (2017)
- Resolution on Divestment from Fossil Fuels
- Sustainability at Warren Wilson
- 2022 Briefing Paper: Warren Wilson College
Positive Organizational Leadership and Pro-Environmental Behavior: The Phenomenon of Institutional Fossil Fuel Divestment
Climate change is one of the most significant dynamics of our time. The predominant contributor to climate change is combustion of fossil fuels by humans. This study deepened understanding of organizational leaders’ role in enacting one approach to addressing climate change: institutional fossil fuel divestment.
Students call on Cambridge University to divest fully from fossil fuels Read more: http://www.cambridge-news.co.uk/student-campaigners-call-on-cambridge-university-to-divest-fully-from-fossil-fuels
June 22, 2016
Student campaigners have welcomed confirmation will not invest in the most environmentally-damaging technologies, but called on it to go further and divest completely from fossil fuels.
approved the report of a working group established to explore ethical investment, with coal and tar sands excluded from its current and future holdings.
Student campaigners call on Cambridge University to divest fully from fossil fuels
New York University decides against fossil-fuel divestment for endowment l Pensions & Investments
by Robert Steyer, June 20, 2016
The New York University board of trustees voted against divesting fossil-fuel investments from its $3.5 billion endowment. “The board does not believe divestment is the proper action to take,” said a statement issued June 16, signed by William R. Berkley, chairman of the board of trustees, and Andrew Hamilton, the university’s president. “Regardless, the university will continue to take steps and look for concrete ways to enhance sustainability and reduce its greenhouse gas emissions.”
by, Adam Vaughan, June 19, 2016
The University of Cambridge has rejected calls to divest its £5.9bn endowment from fossil fuels, as students, academics and the former archbishop of Canterbury Rowan Williams have called for.
In a report on Friday, the university ruled out future investments in coal and tar sands, although it currently has no direct holdings in either, and only negligible holdings in coal by investments managed externally.
Working group on investment responsibility argues it is better to keep investments in oil and gas companies, rather than divest £5.9bn endowment