February 4, 2022
Harvard University’s $53 billion endowment said it’s increasing investments in “climate solutions,” while still maintaining less than 2 percent of assets with indirect exposure to fossil-fuel holdings.
Investments related to addressing the climate crisis were approaching 1percent of the fund as of June 2021, and more than doubled from a year earlier, Harvard said Thursday in its second annual report about how the endowment is making progress on the university’s goal to achieve net-zero greenhouse gas emissions by 2050.
“We expect this trend to continue and accelerate going forward,” Harvard said in the climate report about its endowment, which is run by Harvard Management Co.
As part of its climate strategy, the richest U.S. college has invested with Just Climate, a fund established by Generation Investment Management, where former Vice President Al Gore is chairman.