Tufts University will prohibit direct investments in coal and tar sands companies as part of a multi-part commitment to advance sustainability and address the urgent crisis of climate change. Additional actions include investing up to $25 million in positive impact funds related to climate change over five years and proactively calling on external investment managers to take environmental, social, and governance considerations into account in their investment processes.
The university joins a small number of U.S. colleges and universities with similar-sized endowments of approximately $2 billion or more to prohibit investments in coal and tar sands companies.
From campus operations to the classroom, sustainability at Tufts is a collective effort spanning departments, offices, schools, and campuses. The plan, approved by the university’s Board of Trustees, is in keeping with the university’s long history of leadership within higher education on issues of sustainability, ranging from initiating the Talloires Declaration in 1990 to its work today to minimize its carbon footprint, foster groundbreaking research and scholarship, and prepare students to become the next generation of leaders on climate change. Read more…..
Chart of the Day
Warren Buffett (CEO of Berkshire Hathaway) is the world’s most successful investor. But strangely, he doesn’t recommend his own strategy for most people. So with that said, what is Warren’s advice when it comes to investing in the stock market?