Marquette University: Updates endowment policy to prohibit direct investments in fossil fuels
MILWAUKEE — Marquette University’s Board of Trustees has approved an updated investment policy for the university endowment with new socially responsible investing and sustainability language that strictly prohibits direct investments in public securities whose primary business is the exploration or extraction of fossil fuels. The university’s current investment portfolio does not include any direct public investments in fossil fuels. The Endowment Office says it will closely monitor funds for any indirect exposure to fossil fuels and will wind down private investments in fossil-fuel related strategies in accordance with the terms of the partnership agreements. The university will continue to engage in