Harvard Management Company Has Reduced Exposure to Fossil Fu

Harvard Management Company Has Reduced Exposure to Fossil Fuels By 80 Percent Since 2008, Per Report | News


The Harvard Management Company has reduced its investments in fossil fuels by 80 percent since 2008 as it works to achieve net-zero greenhouse gas emissions associated with the University's endowment by 2050, according to a company report published Thursday.
“HMC has reduced its overall exposure to fossil fuels — including both direct commodity investments as well as indirect investments in companies that explore for or develop further reserves of fossil fuels held through dedicated externally managed funds — from approximately 11% of the portfolio at the end of fiscal year 2008 to less than 2% at the end of fiscal year 2020, a decrease of more than 80%,” the report reads.

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