Stanford University has committed to divesting from coal companies for environmental reasons. Columbia University doesn’t invest in tobacco or private prison companies. And now Johns Hopkins has announced that it’ll be dipping a toe into socially responsible investing, too.
The university announced last week that it will establish a Public Interest Investment Advisory Committee, which will include students, staff, and faculty. The committee will be charged with reviewing the companies the university’s endowment is invested in to see if they’re in line with Hopkins’ goals and values.
This is not entirely a new thing for Hopkins: the school divested from companies doing business in South Africa during the Apartheid era, and from tobacco companies in the 1990s. This time around, it seems that the likely targets will be fossil fuel companies.
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