Endowment Management in a Warming World

Joshua Humphreys

Contributors:
Christi Electris, Jaime Silverstein

May 2013

This report provides an analysis of climate-related portfolio risk faced by educational and philanthropic endowments and presents three pathways toward re-allocating an endowment portfolio into fossil-free investment opportunities, across asset classes. It includes case studies of institutional asset managers and endowments that have competitively managed portfolios without exposure to fossil-fuel company securities.