The chief investment officer of the University of California... on Tuesday called for more endowments and foundations to embrace investing in initiatives to help reduce environmental effects from climate change and other socially responsible investments.
Jagdeep Singh Bachher, speaking at a conference sponsored by Principles for Responsible Investments in Berkeley, Calif., said such investing made investment sense and was necessary for the earth's sustainability...
The University of California's office of the chief investment officer manages around $90 billion for the university's endowment, pension fund and investment pools.
Maria Lettini, PRI's associate director, networks and global outreach, said only two universities in the United States — UC and Harvard University — are members of the organization. PRI, which originally was part of the United Nations, is an independent organization that encourages institutional investors to pursue socially responsible investing.