We Want Responsible Investments

by Casey Luongo, University of Pittsburgh



The holiday season is a great time to gather around with family and friends and take a break from the grind of school and work.  However, this year, I found myself starting dinner conversations around my work with REC. Only two people felt inclined to participate in the dialogue, but the topic ended up dominating the dinner conversation, pulling people in between bites of holiday treats.  Seated between investors from Blackstone and UBS, I asked if they’ve noticed an increase in demand for socially responsible investments.  I was curious to learn if SRI was the new big thing in their investment firms.  The answer to my question wasn’t exactly what I was looking for, but it was definitely important.  I was simply told that investors recognize SRI when the client demands it.

With that, the importance of REC’s work became ever clear.  When I was granted the opportunity to work for REC, I was given a toolkit of knowledge and resources to mobilize students to demand that our universities’ investments be made based on social, economic and environmental factors.  As students, we are clients of institutions that have endowments worth millions and billions of dollars.  We need to show our investment offices the positive impacts that the endowment can have for our universities, communities and world when invested responsibly.

As socially conscious citizens, we have the responsibility to demand SRI; as students, we have the opportunity to demand SRI from a big wallet.  There’s a good chance that many of us will never have enough money to invest with a company like Blackstone, but right now, as students, we are powerful millionaires.  So to kick off the new year, lets show our universities how to really uphold the values in their mission statements and “go greener” and give back more than ever before.  Lets use our power as students, as clients, and demand socially responsible investment for a bright, new year.

Keep in touch

Sign up to receive our updates and get access to all features of this website. Sign in with:

Latest from the blog

Sep 01, 2016
Subscribe to REC's quarterly newsletter today! We are thrilled to share updates on a number of exciting events, projects, and campaigns at REC!   This past summer, REC was able to launch its International Solidarity Program (ISP) to the Philippines with fossil fuel divestment organizers from across the country. Join...
Aug 31, 2016
  Notes on the Recent Department of Justice Decision To Move Not Renew Private Prison Contracts Photo:  (Reuters/Lucy Nicholson) The Department of Justice announced on August 18 that it will begin transitioning away from federally contracted private prisons, essentially transitioning around 22,000 individuals currently caged in 13 for-profit facilities to...
Aug 29, 2016
Are you searching for a profession that aligns your personal values with your desire for a career in finance?   Do you feel you need help identifying what roles exist in the impact investing industry and how to get your foot in the door? We are happy to share that our partners from The SRI Conference on Sustainable, Responsible, Impact Investing are...

Sponsors

Partners

Partners

Partners