News Source:
UW News
Sept. 9, 2022
The University of Washington Board of Regents on Thursday approved a resolution to begin exiting all direct investments in fossil-fuel companies with the goal of complete divestiture by Fiscal Year 2027. The resolution includes a commitment not to renew indirect investments in funds primarily focusing on fossil-fuel extraction or reserves. Both commitments include allowances for firms contributing to the transition to sustainable energy.
The resolution also includes a goal of investing at least 2.5% of the UW’s entire Consolidated Endowment Fund in climate-solutions companies or asset managers and a commitment to achieving net-zero emissions in the University’s endowment fund by Fiscal Year 2050.
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