Endowment Fund FY22 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 2.5% (Liquid 1.2%, Illiquid 1.3%)

All Other 97.5%.

Only ~2.5% of the endowment is invested in fossil fuel-related exposures. 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

$135M

  • $ exposure to ESG Aware index and Low-carbon funds, representing ~38% of public equity

40%

  • % of UMN investment managers that are UNPRI signatories
  • UMN became a signatory in April 2022

43%

  • % of FY22 illiquid commitments to managers classified as “emerging, minority- or woman-owned”
12
  • LP Advisory Committee seats OIB staff occupy in effort to promote strong governance principles

$3M

  • Commitment to DCVC Climate Select fund, with investments in geothermal power production, wastewater remediation, and carbon-free electrical production tech