The Office of the Chief Investment Officer (OCIO) to the Regents of the University of California believes that ESG factors are key drivers of risk and return. We assess these factors, in accordance with our fiduciary duty.
https://regents.universityofcalifornia.edu/policies/6101.pdf
In 2015 the Regents of the University of California adopted a Sustainable Investment Framework. The framework takes a holistic, forward thinking view of sustainable investing and the role of ESG in the investment process, it is designed to be a living document which changes over time. More details on the framework can be found here:
https://www.ucop.edu/investment-office/sustainable-investment/sustainability-framework/index.html
Our CIO Jagdeep Sing Bachher frequently says "[a]t the University of California, we believe that the challenges of environmental sustainability, social responsibility, and governance risk represent an opportunity, not a conflict, with fiduciary duty. In fact, we believe that fiduciary duty now requires systematic attention to sustainability factors.”