Endowment Value: $220 million (June 2018)*
The University of Southern Maine (USM) is a multi-campus public comprehensive university and part of the University of Maine System. The three campuses are located in Portland, Gorham, and Lewiston. Approximately 7,800 students attend these three campuses. The Office of Sustainability works at all three campuses to promote sustainable living for students and sustainable work for faculty and staff. USM’s investments are overseen by this Investment Committee and is part of the University of Maine System.
In 2017, USM released a comprehensive campus-wide sustainability strategic plan achieve significant progress toward the University’s commitment of becoming a carbon neutral campus by the year 2040, a goal undertaken as a signatory to American College and University Presidents’ Climate Commitment (ACUPCC).
USM also committed to divesting in coal in 2014 regarding two of its three funds, an accomplishment largely attributed to efforts by the student-faculty led Divest UMaine.
The University of Southern Maine is a participant or member of the following Initiatives & Commitments:
- IEN Member (2017)
- AASHE STARS: No
- ACUPCC: Yes, Climate Neutral by 2040
- Billion Dollar Green Challenge: No
- CDP: No
- Committee on Investor Responsibility: No
- Divestment Goal: Yes, coal
- INCR: No
- Montreal Carbon Pledge: No
- Sustainable Investment Fund: No
- Sustainable Investment Policy: Yes*
- Principles for Responsible Investment: No
Other Sustainable Investing Practices and News:
*USM is included in the broader University of Maine System