Harvard to sign on to United Nations-supported Principles For Responsible Investment
BOSTON – Harvard today announced its decision to sign on to the United Nations-supported Principles for Responsible Investment (PRI), becoming the first university endowment in the United States to join the organization. The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. Harvard Management Company (HMC) will implement the principles in its management of the University’s endowment and related financial assets. “As long-term investors, we are by nature focused on material ESG factors and the responsible stewardship of our investments,” said Jane Mendillo, President and Chief Executive Officer of HMC. “After careful review of the PRI, we decided that implementing the principles put forth by this pioneering organization is a natural step for us in the evolution of our sustainable investment practices. At the same time, it is consistent with our paramount...