University of California Commits $1B Investments to Push Sustainability

University of California Commits $1B Investments to Push Sustainability

by Vikas Vij
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Univ. of California will invest $1 billion in global #climatechange initiatives - via @Justmeans @UC_Newsroom

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Thursday, September 18, 2014 - 4:30pm



Nearly 840 U.S. colleges and universities have endowments to the tune of $415 billion, according to Bloomberg News. Making investments in sustainability must be a priority for the universities, not just to support a more sustainable world, but also to live up to the values that most of the universities themselves espouse.

The University of California set up a task force earlier this year to look at the best approaches to uphold its commitment to global sustainability. The task force concluded that the most effective way to address critical issues such as climate change over the long term would be to align investment practices with a commitment to sustainability. The university now has a concrete action plan to both protect and bolster its long-term returns, while making a significant contribution to climate change solutions.

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Image Credit: Flickr via Mark Florence

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.