Harvard University announced today that its endowment has joined Climate Action 100+, an investor-led initiative to ensure that the world’s largest corporate greenhouse gas emitters take steps to address climate change.
As a member of this global network, representing more than $34 trillion in combined assets, Harvard Management Company (HMC) will join other investors in direct engagement with companies that include more than 100 “systemically important emitters,” accounting for two-thirds of annual global industrial emissions. HMC plans to engage with oil and gas companies, utilities, and others to meet the Climate Action 100+ goals of curbing carbon emissions, strengthening climate-related financial disclosures, and improving corporate governance and risk management.
“Harvard has a critical role in tackling climate change, starting with the far-reaching efforts of our faculty, students, and staff to understand the impacts of climate change and to devise technologies and strategies that can accelerate the transition to cleaner, greener energy,” said Harvard President Larry Bacow. “In joining Climate Action 100+, we create another significant channel for engaging with companies around the imperative to adopt sustainable practices and reduce greenhouse gas emissions.”
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