Oregon State U Board Votes to Divest from Fossil Fuels
Responding to calls from students and faculty concerned about global warming, the university's board of trustees voted recently to dump the university’s investments in the fossil fuel industry. The decision means the state treasurer will begin selling off about $6.7 million in securities issued by fossil fuel companies, which represent less than 2 percent of the $516 million currently held in the fund.
Maryland Gov. Announces $7.5M for U Maryland 'Green Energy Institute'
Maryland Governor Larry Hogan announced his environmental agenda for the coming legislative session that included allocation of $7.5 million to the University of Maryland to create a green energy research center. The mission of the Green Energy Institute will be to develop and attract private investment and commercialize clean energy innovations and deployment solutions in Maryland.
Michigan State U Receives $2M for Community Partnerships
The university's Office of K-12 Outreach will use a $2.1 million grant from the Charles Stewart Mott Foundation to work with the city of Flint, Michigan. The funding will be used in Flint Community Schools on four strategies that include training the district's managers on the effective use of data and strengthening community relations.
NY Times Covers Influence of Corporate Funding on Higher Ed Research
Recently published in The New York Times, the article highlights the experience of three professors at different universities–University of Exeter in England, West Virginia University and Swiss Federal Institute of Technology in Zurich–to examine the ways agrochemical companies influenced scientific inquiry.
Emory U Awards Micro-Grants to Sustainability Projects
The general Sustainability Incentives Fund allows students, faculty and staff at the university to request up to $3,000 to complete a sustainability project. Recently awarded projects cover the areas of energy, climate, public engagement, grounds, transportation, buildings and waste. All proposals were reviewed by a committee of students, faculty and staff engaged with sustainability programs and practices on campus.
Georgia State U Receives $160K Grant for Parking Deck Lighting Improvements
After receiving an energy audit and report of a university-owned parking deck from an Atlanta-based, energy nonprofit, the university will use a matching grant of $160,340, for a total of $320,680, to retrofit or replace existing metal halide and fluorescent lighting with LED lighting, install occupancy sensors and raise light levels to increase safety. In total, the project is expected to reduce site energy consumption by 52 percent, a cost avoidance of nearly $55,000 annually.
Southern Illinois U Green Fund Supports Lactation Room
The room, which will be centrally located on the university library’s third floor, is meant to meet the needs of students, faculty and staff who need to breastfeed or pump between classes and study sessions. The student-led project started in the spring of 2014 after a community nutrition class conducted a needs assessment study of the campus. An independent study class that is working to complete the project.
Michigan State U Receives $2.3M to Diversify Economics Profession
The American Economic Association chose the university, after a national competition, to house the two-month residential program until 2020. The university has received more than $2.3 million in grants from the National Science Foundation and other organizations to continue operating an economics-training program for undergraduates designed to increase diversity in economics doctoral programs and professions.
U Washington to Receive $210M for Its 'Population Health Initiative'
The Bill & Melinda Gates Foundation recently announced its $210 million gift to the university's Population Health Initiative, which aims to bring together the research and resources of the university and its partners to improve the health and wellbeing of people around the world. The gift will fund construction of a new building to house the Department of Global Health, Institute for Health Metrics and Evaluation and portions of the School of Public Health, all of which are currently spread across Seattle.
Amherst College Sets Up Green Revolving Fund with $2M Gift from Alumnus
The college recently joined the Billion Dollar Green Challenge, an initiative of the Sustainable Endowments Institute, after Prince Albert Grimaldi ’81 of Monaco gifted $2 million toward the establishment of a fund to support operational and facilities environmental initiatives. The overarching purpose of the green revolving fund is to aid the college in reducing greenhouse gas emissions by providing the resources to implement energy conservation measures.
Boston U to Avoid Investments in Carbon-Intensive Fuels
The university's board of trustees recently approved a Climate Action Plan that includes avoiding investments in companies that extract coal and tar sands oil. Additionally, the board calls for the university's endowment investment office to include managers with expertise in renewable energy and technology.
Smith College Invests $8.5M of Endowment in Sustainability
In her annual welcome letter, Smith College President Kathleen McCartney announced the college will invest $8.5 million of its endowment in a private equity fund focused on energy efficiency and sustainable manufacturing processes. McCartney's welcome letter also mentions a commitment to a just and inclusive campus and highlights a few key events during the upcoming year to build a campus of inclusion.
U Oregon Adopts ESG Investment Considerations
The university's chief investment officer recently mentioned its new environmental, social and governance considerations for investments, which state that carbon-based investments will expire without renewal. The investment management statement also indicates the university owns no investments in coal.
North Central College Signs Billion Dollar Challenge
The challenge encourages colleges and universities to invest a combined total of $1 billion in self-managed revolving funds that finance energy efficiency and other sustainability project improvements. North Central created its own green revolving fund, the Cardinal Sustainability Fund, in 2014, as a means to provide funding for energy efficiency projects that reduce energy consumption on campus. The money saved gets reinvested in future sustainability projects.
Three Universities Participate in Voluntary Carbon Offset Market
The University of Illinois Urbana-Champaign, Ball State University and Southern Oregon University sold credits produced through carbon-reducing activities to help finance and further their carbon neutrality work on campus. Made possible by Second Nature's Carbon Credit and Purchasing Program, the sale to BP Target Neutral generated over $1 million.
Hope College Adds 330 LED Lights to Fieldhouse
Replacing 540 compact fluorescent fixtures with 330 LED ones and dimmers was $200,000 and has been estimated to cut the college's power use by 80-kilowatts per month. The college will receive $16,000 in energy-efficiency rebates.
Business Officers Discuss Sustainability
Business leaders gathered recently after the NACUBO annual meeting to explore how to preserve the core mission and values while ensuring a more sustainable future. The content and discussion was focused on building integrated strategies for affordability, diversity and sustainability for higher education to fulfill its critical role in meeting society's needs.
U Massachusetts Accepts $1M to Support Resiliency Plan
Recognized for its multi-campus, hazard mitigation plan, the university recently won a $1 million grant from the state that will be used to purchase emergency generators in preparation and response to natural threats.
Energy Department Funds $2.1M Solar Training Program
The Solar Training Network that includes the American Association of Community Colleges (AACC) aims to improve access to solar training, resources and careers, and seeks to increase the quality and diversity of the solar workforce and establish national training standards. The $2.1 million program is led by The Solar Foundation and funded by the U.S. Department of Energy.
Northeastern U to Invest $25M in Environmental Sustainability
The university recently announced it will direct $25 million of its endowment, currently valued at approximately $700 million, to investments with a focus on sustainability, including clean energy, renewables, green building, and sustainable water and agriculture. Implementation will take place over five years.
Brown U Launches Donor Sustainability Fund
With the help of students, the university recently launched the Brown University Sustainable Investment Fund that gives donors who wish to support the university a sustainability-focused giving option structured to invest in companies that meet high standards of environmental, social and governance practices.
Emory U to Launch $1.5M Sustainability Revolving Fund
The soon-to-launch $1.5 million, self-replenishing program will be used to fund capital-intensive energy and water efficiency projects. Made possible by a $500,000 grant from The Kendeda Fund and matched with $1 million from the university, Emory also joins the Billion Dollar Green Challenge led by the Sustainable Endowments Institute.
U Maryland System to Direct Endowment Away from Fossil Fuels
Following a student-led movement to direct more of its portfolio toward clean energy, the University System of Maryland Foundation, which oversees the state university system's $1 billion endowment, said that it will stop investing directly in the 200 coal, oil and gas-related companies on a list complied by Fossil Free Indexes. Students at University of Maryland, College Park began the push to divest from fossil fuels in 2013, circulating a petition with nearly 600 signatures from within and outside the university.
Austin CC Receives $150K for Solar System
EBSCO Information Services (EBSCO) recently announced the community college Highland Campus Library as the winner of the grant that will cover up to $150,000 of the cost of installing a solar array, allowing the university to reduce its electricity expenditures.
Becker College Invests Full Endowment to Benefit Society
The trustees of the college recently announced they have officially mandated that all investments in their endowment should generate a positive impact on society, as well as a targeted financial return. The completion date for the portfolio transformation of the school’s $5 million endowment is June 2017.
U California Receives $300K for Carbon Neutrality Project
With a $300,000 gift from the TomKat Foundation, established by Tom Steyer and Kathryn Taylor, the university recently launched the TomKat UC Carbon Neutrality Project. UC Santa Barbara’s Institute for Energy Efficiency will lead the project and bring together working groups of researchers, practitioners and students with wide-ranging areas of expertise from diverse disciplines in order to advance UC’s Carbon Neutrality Initiative, which aims to eliminate the use of fossil fuels through major investments in energy efficiency, behavioral incentives, the development of alternatives to natural gas and the widespread deployment of renewable energy.
U Massachusetts Amherst Divests Fossil Fuel Holdings
A recent announcement revealed a unanimous UMass Foundation Board of Directors' decision to divest its endowment, whose value was $770 million at the end of the last fiscal year, from direct holdings in fossil fuels. The move follows divestiture from coal companies in 2015.
Three New York Schools Win $1M Each in Clean Energy Competition
Bard College, University at Buffalo and SUNY Broome Community College each won $1 million as part of Governor Cuomo's Energy to Lead Competition. The competition, first announced in October 2015, challenged student-led coalitions from New York colleges and universities to design and develop innovative plans for campus and community-wide clean energy projects. Applicants were required to demonstrate innovation in one or more of the following areas: project design, business model, partnerships and/or curriculum integration.
Emory U to Launch Sustainability Revolving Fund
The new $1.5 million Sustainability Revolving Fund will be a self-replenishing program that will be used to fund capital-intensive energy and water efficiency projects across campus. The program is made possible by a $500,000 grant from The Kendeda Fund. The grant was matched by a $1 million investment by the university.
U Dayton Establishes Green Revolving Fund
The university is investing $1 million to seed the new green revolving fund, designed to encourage the community to look at the entire campus as a laboratory, classroom and testing ground for energy-saving ideas. The idea originated from a 2012 student-led research project suggesting the fund could offer a payoff to the university in cost savings, innovation, learning opportunities and create a greener campus.
SUNY New Paltz Establishes Student-Driven Green Revolving Fund
The university's new green revolving fund is a student-driven investment fund that will be used to implement energy efficiency and sustainability projects on campus. The idea and plan for the fund came from a course in the university's School of Business that introduces ideas for how sustainable practices can generate a competitive business advantage.
Furman U Receives $95K Grant for Waterways
The new $95,000 grant from Duke Energy's Water Resources Fund will help the university to protect and enhance the region’s waterways and environment. With the funds, Furman will restore a wetland habitat and build floating marsh islands. The project will be the basis for student-faculty ecological research and community education. Matching funds from the university will construct a pedestrian bridge and provide educational signage. The grant is part of Duke Energy’s Water Resources Fund, a $10 million, multiyear commitment to improve water quality and conservation in the North and South Carolina and neighboring regions.
Trent U Environmental Studies Institute Receives $1.5M
Following his initial $165,000 gift in 2015 to help launch the university's International Institute for Environmental Studies, Dr. Justin Chiu '76 recently donated $1.5 million in support of the institute, which is in partnership with Nanjing University, to bring experts from universities around the world together to tackle international environmental issues.
College William & Mary Establishes Green Revolving Fund
Founded with an initial pool of $200,000, the college's new Green to Gold revolving fund will finance sustainability projects that reduce resource use or greenhouse gas emissions. First in the queue is a lighting retrofit for a campus parking garage that will replace inefficient metal halide and high-pressure sodium fixtures with LED lights, providing a 70 percent energy reduction for that deck.
U Ottawa Sets Investment Portfolio Carbon Reduction Goal
After 18 months of considering divestiture, the university's Board of Governors adopted a report, Addressing Global Warming: The uOttawa Response, that outlines its move to develop a strategy to shift fossil-related investments toward enterprises involved in creating and selling technologies that include renewable energy and other clean technology solutions.
U Mary Washington to Minimize Investments in Fossil Energy
After a comprehensive study conducted by a special subcommittee of the President's Council on Sustainability, the university's Board of Visitors requested the foundation board revise its investment policy to limit discretionary fossil fuel investments to a range of zero to four percent, with a target of two percent or less. The subcommittee determined that complete divestment from fossil fuel funds presented practical challenges as well as the potential for a negative impact upon the foundation’s investment portfolio.
U Connecticut and Yale U Win $54M in Resilience Competition
The National Disaster Resilience Competition, held by the U.S. Department of Housing and Urban Development, awarded the two universities and several partners $54.3 million to build on a project that began after Hurricane Sandy hit in 2012. A coalition of regulators, municipalities and university researchers designed a demonstration project in Bridgeport, Connecticut, that works with the ecology and shoreline geography to protect critical energy infrastructure and residents in one of the state’s poorest, most vulnerable neighborhoods. Most of the federal money will go toward elevating a street that runs through the University of Bridgeport and constructing a greenway earthen berm to protect the community against storm surges.
Higher Education Institutions Under Pressure to Disclose Investments
The Associated Press reports that Congress and campus activists have stepped up pressure on colleges and universities to reveal financial investments made through their endowments. While lawmakers are questioning whether to tax colleges on investment portfolios, activists, including alumni and students, are demanding to know if investments are held in certain industries. An inquiry by The Associated Press to 50 public and private universities asking them to disclose their investments revealed "most schools issue annual reports with broad information and few details about specific investments".
Universities Help Launch 'Intentional Endowments Network'
Nearly 20 universities recently announced the formal launch of the Intentional Endowments Network. To support the development of intentionally designed endowments, the network facilitates peer-to-peer connection and learning, thought leadership and collaborative action. This peer-learning network engages senior decision-makers and key stakeholders in dialogue around the full range of options related to sustainable investing.
Cornell U Constructs Two Photovoltaic Arrays
The New York State Energy Research and Development Authority (NYSERDA) and Cornell University, along with Distributed Sun and Building Energy, announced that new rooftop solar arrays have been installed atop two university buildings to help reduce greenhouse gas emissions and build a clean energy future. The university received support for these solar projects under New York Governor Cuomo's $1 billion NY-Sun Initiative, administered by NYSERDA, which is designed to advance the scale-up of solar and move New York State closer to having a sustainable, self-sufficient solar industry.
Stanford U Gets $400M Pledge from Nike Chairman
Philip Knight, the co-founder and chairman of Nike Inc., said recently that he had pledged to give Stanford University $400 million to recruit graduate students around the globe to address society’s most intractable problems, including poverty and climate change. Starting in 2018, the program will annually offer full tuition and board to 100 students, a third of them from the U.S. and two-thirds from abroad, who will gain admittance to one of Stanford’s seven graduate schools and commit to working on important issues in small, multidisciplinary teams.
Bowdoin College Receives $10M Gift for Study of Environment
Bowdoin College announces a new center for the study of the environment, funded with a $10 million gift from David and Barbara Roux of Virginia. The center aims to encourage collaboration and creativity in the teaching and scholarship of the environment. The new building to house the center is being designed to achieve USGBC LEED Platinum designation and is expected to open in the mid-to-late fall of 2018.