Carbon divestment activists claim victory as Harvard adopts green code
From TheGaurdian.com |Published on Tuesday 8 April 2014
Managers of university’s $33bn endowment adopt UN-backed responsible investment rules
Harvard has become the first American university to sign on to a United Nations-backed code of responsible investment – in a move to assuage a carbon divestment campaign.
Six months after explicitly rejecting calls to divest from fossil fuels, managers of Harvard’s $33bn endowment will now be guided by a set of investment principles taking into account environmental and social factors such as water and human rights, the university announced on Monday.