University of Michigan

Assets Under Management: $19.2 Billion (2024)

The University of Michigan’s endowment stood at $19.2 billion as of June 30, 2024, supporting scholarships, research, faculty positions, clinical care, and innovative programs. University leaders have committed to achieving a net‑zero carbon investment portfolio by 2050, terminated direct investments in the largest greenhouse‑gas‑emitting fossil fuel companies, and redirected over $140 million into renewable energy and sustainable infrastructure funds. The University has a Sustainable Investment policy that includes: 

• Not directly invest in companies that are the largest contributors to greenhouse gases which are those in top 100 oil and gas publicly traded reserve holders globally as compiled on the Carbon Underground 200TM list. 
• Not invest, and over the last decade has not invested, in companies that extract thermal coal or that extract oil from tar sands. 
• Not invest in funds whose primary focus is oil reserves, oil extraction, or thermal coal extraction.
• Transition to a Net Zero Portfolio by 2050.

Net Zero Endowment Plan: Michigan endowment aims for net zero by 2050 according to their news page.

Sustainable Impact Investing: In this long term investment policy there is the description of the “Michigan Climate Solutions Fund”, a separate fund set up for sustainable practice. 

Sustainable Investment Policy: In the long term policy update there is a description of what is screened for. E.g ; "The university no longer invests in companies that primarily produce coal and oil.”