Harvard’s USD 42bn fund to stop investing in fossil fuels

Harvard University will stop investing in fossil fuels and instead use its giant USD 42bn endowment to support the green economy, joining a growing wave of investors moving away from polluting industries.

KEVIN CROWLEY & STEPHEN STAPCZYNSKI / BLOOMBERG

Harvard Management Co., which runs the endowment, has no investments in companies that explore for or develop fossil fuels and "does not intend to make such investments in the future", President Larry Bacow said Thursday in a letter posted on the university’s website.

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Harvard’s USD 42bn fund to stop investing in fossil fuels

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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Storeband increases stake in Danish infrastructure manager to become majority owner

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Expansion of Nordic team has paid off: Inflows to all core products for US manager