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Spotlight on Investors: University of California
10-Jan-2020 11:01:53 AM
The University of California is a public university system in the state of California which includes 10 campuses. The Office of the Chief Investment Officer of the Regents manages the retirement, endowment, working capital and cash assets of the organization. As at June 30, 2019, the Office of the Chief Investment Officer had US$ 126.1 billion of assets under management.
UC Investments started structuring its approach to sustainable investing 5 years ago. Since then, it has implemented a Sustainable Investment Framework, which identifies Climate Change, Food and Water Security, Inequality, Ageing Population, Diversity, Human Rights, the Circular Economy, and Ethics and Governance as key focus areas of the investment strategy. Furthermore, the University of California set itself a goal to invest $1 billion in climate change solutions as part of the White House's Clean Energy Investment Initiative while progressively divesting from its fossil fuel assets. Finally, as an active owner, the organization has set clear voting guidelines on ESG-related issues such as diversity at the board of portfolio companies, indigenous people's rights and energy efficiency.
