Tag Archives: unpri

Response to Harvard President Faust’s April 7 Statement

The Responsible Investment at Harvard Coalition applauds President Faust’s decision to sign the United Nations Principles for Responsible Investment. This announcement signals a new direction for the integrity of our university’s investment management strategy. We hope that Harvard’s new commitments to responsible investment will lead to a swift resolution to the conflict between Harvard’s plantations in Argentina and the surrounding communities.

Adrian Obregón, a representative of the small producers association near Harvard’s plantations in Argentina, is visiting campus to meet with students and administrators about the impact of the plantations on his community. He made the following statement after hearing today’s news:

“We welcome this good news. It will help us achieve justice for our communities and our environment. But we have to be vigilant so that Harvard doesn’t keep doing the same thing and act like everything is okay because they have signed this agreement.”

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HMC and the UNPRI

The Pacific Investment Management Company (PIMCO), whose current CEO Mohamed A. El-Erian is the former CEO of the Harvard Management Company (HMC), recently signed the United Nations Principles for Responsible Investment (UNPRI), committing its managers to integrate environmental, social, and governance due diligence into its investment strategies. PIMCO is the world’s largest bond investor and manages the world’s largest mutual fund.

The HMC, which manages the world’s largest university endowment, has not yet signed the UNPRI.

You can read the UNPRI Principles at their website, here.