ESG investment practices used among colleges and universities

Commonfund released a whitepaper on Tuesday titled "From SRI to ESG: The Changing World of Responsible Investing." In it, the firm examines how the responsible investing landscape is evolving from what used to be a focus on socially responsible investments monitored largely through negative screens, to a greater emphasis on positive environmental, social and governance factors. Among 149 colleges and universities that identified ESG practices in its most recent endowment survey, 72% said ESG is a formal institutional policy and 59% said integration of ESG was essential in hiring a manager.