Elsewhere online
April 13, 2016

Yale Makes Progress in Reducing Investments That Add to Climate Change

Yale University has reduced its endowment’s investments in companies that contribute to climate change, reports The New York Times.

Outside money managers handle its investments, and two years ago the university asked them to avoid any that failed to take reasonable steps to reduce greenhouse-gas emissions. Pressure from students concerned about the environmental has helped fuel the change.

The announcement about the university’s progress toward its goal came in a letter sent by the chief investment officer, David Swensen, to the institution’s Advisory Committee on Investor Responsibility.