University Broadens Socially Responsible Investing
Published: Friday, February 17, 2012
Updated: Wednesday, February 22, 2012 02:02
The university has expanded the scope of its Committee on Investments and Social Responsibility to consider investment proposals written by members of the university community.
It also plans to broaden the constituency of the committee by the fall, according to a university statement released Friday. Proposals endorsed by the committee, which makes recommendations on socially responsible options in which to invest parts of the university's endowment, go to the finance committee of the board of directors.
"Our Catholic and Jesuit mission compels us to help ensure our investments are consistent with our basic values," Rev. John Langan, S.J., a member of the CISR working group and a professor in the philosophy department, the Kennedy School of Ethics and the School of Foreign Service, said in the release. "The committee will allow for an important extra layer of consideration in these matters."
The changes to the CISR grew out of discussions between the Georgetown faculty, senior university officials and the Faculty Senate, who examined Georgetown's current socially responsible investment policies and those of about 30 peer institutions.
The modifications were approved by the board of directors last week.
The CISR was founded in the 1970s and is currently comprised of 12 representatives. These include faculty members, administrators and students appointed by the Vice President for Student Affairs and the undergraduate, graduate and Law Center student associations.
"The committee reflects Georgetown's identity as well as the university's dedication to fostering open dialogue and celebrating a diversity of perspectives," Chief Investment Officer Mike Barry said in the university statement.