Promoting the acceptance and implementation of responsible investment principles is a key part of HMC’s approach to sustainable investment. HMC seeks to raise awareness and adoption of responsible investment practices with its external managers and peer asset owners. During the course of 2017, we spoke with several dozen investment managers about our belief in and commitment to responsible investing. Members of HMC’s Sustainable Investment team also participated in industry forums and spoke publicly at investor events describing HMC’s approach to responsible investment. The speaking events included the Responsible Investment Forum New York 2017; The Investment Integration Project (TIIP) conference on Effective Investing for the Long Term; LGT Capital Partners Alternative Investment Conference in Vienna Austria; and PRI In Person 2017 in Berlin, Germany.
Harvard University, HMC’s parent institution, also actively participates in the advancement of sustainable investing in a broad range of initiatives. For example, Harvard University committed $3 million to help establish a community development program called the All Bright Home Ownership program. The program is an affordable homeownership initiative that is intended to reverse the negative impact from transient renters on the local Allston Brighton area. The Harvard Center for Green Buildings began a project to retrofit a conventional building near the Harvard campus to become an energy efficient headquarters and lab space for the Graduate School of Design for Green Buildings. The project seeks to prove that older buildings can be turned green and inspire more homeowners to include green housing technology in their own homes. These examples are representative of the broader sustainability efforts of Harvard University.