Financial Investment News reports on the recent joint study by SEI and the Association of Governing Boards of Universities and Colleges (AGB). The survey found that:

  • 29% of surveyed institutions invested in SRI or ESG strategies with 5% indicating that they plan to do so in 2022
  • 65% implemented the investments by including it as a criterion in their investment policy statement
  • 41% of surveyed institutions have experienced some level of pressure from students to increase sustainable investing consideration

The study included data from 130 institutionally related foundations that are members of AGB, of which 54% work with outsourced CIOs as the complexity of their portfolios have grown. MJ Bobyock, SEI Nonprofit Advice Director, says that this is because it’s easily accessible and that due diligence is delegated to the OCIO partner. That allows even the smaller foundations to have alternatives access at a reasonable price and have professional due diligence being done on their behalf.

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