An SEC 13F filing for the Harvard Management Company (HMC) reveals that Harvard University’s endowment owns stock in the world’s second largest mining company, Vale SA.
The company was recently awarded The Public Eye’s People Choice award for “repeated human rights abuses, inhumane working conditions and the ruthless exploitation of nature.”
As the new academic year begins, we want to call your attention to a couple more summer news items about Responsible Investment at Harvard. The Calvert Foundation blogged about the Fair Harvard Fund in a post entitled Campus Activists Growing The Impact Economy. The article reads:
Despite success at Williams College and many other universities, creating a social choice fund for university endowment money has not become much easier. Passionate student activism is still at the heart of these efforts. This struggle is exemplified by Harvard University’s Responsible Investment at Harvard (RI@Harvard) movement. Much in the same way Williams College achieved success, RI@Harvard has set up an independent fund called the Fair Harvard Fund to prove the effectiveness of impact investing. Fundraising for the Fair Harvard Fund has involved community awareness campaigns, development of online and multimedia content (such as the video below), and cross posting articles on major online news outlets such as PolicyMic and The Huffington Post. (We’re rooting for you RI@Harvard!).
At top1000funds.com, Endowments fall from grace discussed RI@Harvard in the context of the decline in ESG integration at colleges and universities. From the piece:
Launched in 2011, Responsible Investment at Harvard describes itself as a “broad coalition of students, alumni and staff”. The organisation was established to pressure the Harvard Management Company (HMC) to initiate greater ESG integration in its investment decision making for the $32 billion endowment. Continue reading Summer News Recap