Last week the Oberlin College Board of Trustees approved a resolution for an Impact Investment Platform. The Board announced that this platform “will combine socially responsible investing with student-trustee-administration collaboration.”
This resolution comes after many conversations between the administration and the Oberlin Responsible Investing Organization (RIO). RIO is a student organization that works to align Oberlin College’s financial practices with its values. RIO envisions an investment portfolio that prioritizes social and environmental impacts within our community and around the world. RIO recently started the Social Choice Scholarship Fund, a responsibly invested scholarship. Last year, the group jointly proposed the College and Community Investment Plan, which the Board passed in December. RIO is part of a broader national movement towards responsible investment of college and university endowments.
The Impact Investment Platform will be a collaborative effort that will include students, faculty, and alumni. The Responsible Investing Organization looks forward to its further involvement in this effort, ensuring it is an inclusive and transparent process.
“There’s definitely more work to be done to ensure that voices beyond the college—voices in affected communities—are included, and really listened to, in this process,” said senior Isaac McCreery, an organizer with RIO. “But, we’re proud that Oberlin has acknowledged the importance of ethical investing and taken a first step towards that responsibility.”
The Impact Investment Platform has the opportunity to create lasting change in the lives of people in Oberlin, Ohio and beyond by investing in institutions dedicated to social and economic justice, sustainability, and education.