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Harvard University Endowment

PRI reporting framework 2018

Export Public Responses

You are in Strategy and Governance » Asset class implementation not reported in other modules


SG 16. ESG issues for internally managed assets not reported in framework





HMC makes direct investments in timberlands with the goal of improving their environmental and social management.  When assessing forestry-related ESG risk, HMC reviews country risk reports and obtains tailored information on each country, including analysis of rule of law.  HMC is committed to working with third-party organizations, such as the Forestry Stewardship Council ("FSC"), which are devoted to encouraging responsible management of the world's forests.  HMC also carries out on-site ESG due diligence for higher risk forestry investments.  HMC has also developed impact metrics by adapting EIRIS’s accounting metrics to HMC’s timberland investments.


HMC invests directly in farmland.  HMC reviews country risk reports and obtains tailored information by country, including analysis of rule of law, when assessing social and environmental risk related to its farmland investments.  HMC requires its farmland investments to pursue relevant certifications that require high environmental and social performance.  For example, HMC expects its farmland investments to work towards and meet certification standards such as GlobalG.A.P. and Sustainability in Practice (“SIP”).  GlobalG.A.P. is a non-governmental organization that sets certification standards for sustainable agriculture.  Third parties conduct the certification.  SIP is a sustainable certification standard for vineyards.  In addition to its certification requirements, HMC conducts other activities to enhance the sustainability of its farmland.  For example, HMC carries out on-site environmental and social due diligence for higher risk investments.  HMC also has developed impact metrics by adapting EIRIS’s accounting metrics to HMC’s farmland investments.

16.2. Additional information [Optional].

SG 17. ESG issues for externally managed assets not reported in framework

17.1. 組織外で運用される資産のうち、特定のPRI資産クラスモジュールがまだ開発されていない、または資産が最小基準値を下回るために報告する必要がない資産のESG問題への対処方法を説明してください。



Hedge funds - DDQ


Hedge funds

HMC applies its due diligence framework to its hedge fund investments.  This includes reviewing the ESG policies and governance of its potential hedge fund investments; identifying how the fund integrates ESG factors into its investment decisions; asking how the fund communicates ESG information to limited partners; and ascertaining whether the fund is a PRI signatory.

17.2. Additional information.