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Thursday, February 28, 2013

New VP will scrutinize Harvard’s investments

$30.7b endowment has faced calls to use its clout to do good

By Todd Wallack
The Boston Globe
Originally published February 19, 2013

Harvard University, which often faces pressure from students and alumni to shed controversial investments, has agreed to create a senior position at its investment management arm to consider the environmental, social, and corporate governance aspects of its holdings.

Harvard Management Co. recently began searching for a vice president for “sustainable investing,” a relatively novel position in the world of university endowments.

“We think this is a positive step,” said Harvard College senior Michael Danto, one of the leaders of Responsible Investment at Harvard, which has pushed Harvard to adopt policies to ensure its investments are consistent with the university’s values.

The entire story is here.

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