Endowment Fund FY24 ESG Dashboard

The Office of Investments & Banking (OIB) is charged with considering Environmental, Social and Governance (ESG) principles in the investment decisions and providing transparency.

Fossil Fuel Exposure

Fossil Fuel 1.7% (Liquid 0.6%, Illiquid 1.1%)

All Other 98.3%.

Only ~1.7% of the endowment is invested in fossil fuel-related exposures (vs.~2.5% in FY23). Most of the illiquid funds with exposure are in liquidation mode while the majority of public exposure is obtained via index funds.

Highlights – By The Numbers

• $171M exposure to ESG Aware index and Low-carbon funds, representing ~40% of public equity 
• 43% percent of UMN investment managers that are UNPRI signatories UMN became a signatory in April 2022 
• 20% percent of FY24 commitments to managers classified as “emerging, minority- or woman-owned” 
• 23,940 number of proxy proposals voted by ESG aware index fund manager BlackRock 
• 13 number of LP Advisory Committee seats OIB staff occupy in effort to promote strong governance principles 
• 700,000 metric tonnes of held carbon credits, removing the equivalent of roughly 2 years of UMN Twin Cities campus emissions 
• $53M committed to funds focusing on energy transmission