Arnerich Massena representatives headed to Atlanta, Georgia in February to attend the Intentional Endowments Network (IEN) 2020 Higher Education Climate Leadership Summit, the “largest national gathering of higher education presidents, chancellors, trustees, and other senior leaders working to accelerate climate solutions through all aspects of institutional activities,” including endowment investing. “It was great to see universities are actively moving toward aligning themselves with an ethos of long-term sustainability,” said Bryan Shipley, CFA, CAIA, co-CEO and co-CIO, who attended the summit and co-hosted a roundtable. “Hopefully this is the first step in moving beyond divestment and toward building true solutions.” His co-host, senior consultant Chris Van Dyke, CFA, CAIA, agrees. “They are definitely looking to become part of the conversation and taking a progressive and proactive stance. This is just the beginning of driving the needle forward, but we came away feeling reinvigorated in our commitment to building real investment solutions.”
As part of the program, Bryan and Chris were able to take a tour of the Georgia Institute of Technology campus and its new “living building,” the Kendeda Building for Innovative Sustainable Design. The building, part of the Living Building Challenge™, is fully sustainable and gives back more energy than it uses. “The building is a remarkable example of some of the bold actions colleges are taking to create large-scale change and impact,” Bryan remarked. “Now the foundations and endowments need to catch up and become equally committed.”
Terri Schwartz, managing director of institutional services, hosted a booth at the event for the nearly 350 attendees to visit and learn more about how our firm partners with higher education institutions to help them align their mission and values with their investment portfolio. “We’re proud members of the Intentional Endowments Network, and pleased to participate in events such as the Climate Leadership Summit,” she said. “It’s exciting to be able to provide exactly the sort of impact investing knowledge, resources, and research that these institutions are starting to seek out. We’re on the front lines of a significant movement, and looking forward to bringing our expertise to our IEN partners.”
To learn more about the Intentional Endowments Network, visit www.intentionalendowmentsnetwork.org.