Following student victories, Harvard seeks Vice President for Sustainable Investment

The Harvard Management Company announced they will hire a Vice President for Sustainable Investment.

This decision comes after a series of victories by the Responsible Investment at Harvard Coalition.  Here's a bit of what The Harvard Crimson is reporting, including the reactions of student organizers:
Two weeks ago, five students met with members of the Harvard Corporation to discuss the details of the social choice fund, and earlier this week, a referendum to seed the social choice fund with money from Harvard’s endowment passed with 93 percent support of Harvard Kennedy School student voters.

Student members of the Responsible Investment at Harvard Coalition, which was involved in coordinating the two student referendums, expressed cautious optimism about the creation of the new HMC position.

“We were in general really pleased to see that the HMC is formally considering [environmental, social, and governance issues],” said Kevin S. Wang ’16, the investments and faculty coordinator of the Coalition.

Similarly, S. Krishna Dasaratha ’13, the Coalition’s treasurer, praised the move as an “indicator” that the University is listening to a rising chorus of student concerns about Harvard’s investment.

However, Wang and Dasaratha both said that the creation of the position, which primarily entails research on sustainable investment, does not necessarily mean that Harvard will commit to adjusting its investment strategies.

In the hopes of compelling HMC to change its investment practices, Wang said, “We’re pushing for action.”

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