Decarbonizing Harvard’s Endowment: Reviewing Harvard Management Company’s First Climate Report
Harvard Management Company (HMC), which manages Harvard University’s nearly $42 billion endowment, released its first Climate Report in February 2021. As the largest university endowment in the world, decisions Harvard makes to tangibly and materially reduce the climate impact of its investments will garner significant attention around the world and provide space for many other institutions to make similar moves. Further, the school has the scale and the stature to coordinate with other institutional investors and accelerate the pace of financial innovation across asset