The University of Utah is committed to preserving the planet for future generations through positive investments, ranging from socially responsible retirement choices for staff and faculty to increasing on-campus investments in energy-efficiency and renewable energy that reduce the direct carbon footprint of campus.
What the University is Doing
The Sustainability Office oversees and coordinates the Socially Responsible and Environmentally Sustainable Investment Advisory Committee (SRESIAC). This committee provides advice and guidance on strategies for endowment investment, infrastructure investment, and other investment initiatives that reflect the university’s continuing commitment to environmentally sustainable action. The membership of the committee includes faculty, staff, and students with sufficient financial expertise to advise and provide guidance to, among other entities, the Investment Advisory Committee on proposals regarding socially responsible and environmentally sustainable investment. SRESIAC reports on their activities and results annually to the Sustainability Office, the Academic Senate, and the University President.
SCIF Revolving Loan Fund
The Sustainability Office has reorganized the ASUU Wind Fee, along with a portion of SCIF, to create a Revolving Loan Fund (RLF) to help finance the up-front costs of energy-efficiency and renewable energy projects on campus. The utility costs savings over the life of the project are repaid to the RLF and reinvested in sustainability projects on campus, allowing the fund to continue to grow in impact.
Socially-Responsible Investment Choices
Through its retirement options, the University of Utah offers socially responsible and environmentally sustainable options for employee retirement holdings from TIAA and Fidelity Investments. The combined retirement savings of University of Utah employees as of January 2016 is over $3 billion.
What You Can Do
Consider investing in one of the available socially and environmentally responsible investment funds from TIAA and Fidelity Investments so that your retirement portfolio aligns with your values.