University of Michigan to invest $300M in ‘socially responsible’ companies, says new president

ANN ARBOR, Mich. – College of Michigan’s president introduced an enormous change in the place the varsity invests its cash and the businesses it chooses to accomplice with.

The college’s new president, Santa Ono, instructed a crowd of campus leaders that the varsity can be investing $300 million in socially accountable corporations.

A socially accountable firm works to guard the atmosphere and operates transparently whereas additionally offering a powerful monetary return.

The plan follows a development amongst universities and schools throughout the nation over the past decade, however has turn into a spotlight primarily within the wake of the 2020 protests in opposition to racial injustice.

It’s presently unclear which corporations the college can be investing in, a spokesperson mentioned in a press release, “there stay many particulars nonetheless to be labored out.”

We do know that the varsity can be working with a third-party firm referred to as Sustainalytics that scores corporations on a socially accountable scale. The college would then select from that record.