This document was prepared in response to requests from a number of college and university presidents and administrators seeking guidance on how to address climate change risk and opportunities in their investment portfolios. Second Nature believes that assessing climate change as an investment risk is not about taking a position on the science of climate change, but rather an important aspect of any fiduciary’s responsibility to the institutions’ endowment. (December 2013) https://www.secondnature.org/sites/default/files/resources/RiskPaper-12.6_0.pdf