Harvard Signs Responsible Investment Pact

April 8, 2014

Harvard University plans to sign the United Nations-backed Principles for Responsible Investment framework. The move does not force the university to take a specific action, like avoiding certain stocks or divesting from fossil fuel producers, which the university has declined to do, but obliges it to consider environmental, social and governance records to the extent they affect investments. A Harvard spokesman said the university will integrate “energy consumption, greenhouse gas emissions, and resource scarcity, and social issues such as health and safety and employee productivity into investment analysis.” Harvard President Drew Faust also announced Monday the university will do more to confront climate change by supporting climate change research and continuing to cut greenhouse gas emissions caused by the campus.

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