Reposted From AASHE
September 21, 2022
News of the Week
The Sustainable Campus Index (SCI) recognizes top-performing colleges and universities in 17 sustainability impact areas, and overall by institution type, as measured by the Sustainability Tracking, Assessment and Rating System (STARS). This year’s SCI introduces an international top performers list that recognizes the highest scoring institution in every participating country with at least one STARS-rated institution.
The university’s board of regents in early September approved a resolution to begin exiting all direct investments in fossil fuel companies with the goal of complete divestiture by fiscal year 2027. The resolution includes a commitment not to renew indirect investments in funds primarily focusing on fossil-fuel extraction or reserves. The resolution also includes a goal of investing at least 2.5 percent of the UW’s entire Consolidated Endowment Fund in climate-solutions companies or asset managers and a commitment to achieving net-zero emissions in the university’s endowment fund by fiscal year 2050.
The university’s recent announced its decision to divest its funds in the fossil fuel industry in line with its commitment to sustainable and ethical investments. This includes all companies in the oil, gas and consumable fuels industry; energy equipment and services industry; and diversified metals and mining industry.
The new 20-year agreement will provide a quarter of the university’s electricity with power from a solar farm in Mojave. In addition to lowering its carbon footprint, the university will contribute approximately $180,000 per year to the Los Angeles Department of Water and Power Clean Energy Adder program that supports disadvantaged communities in and around USC’s campuses.
Planning & Administration
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