Loyola Marymount University announced Tuesday it has signed onto the United Nations-supported Principles for Responsible Investment.
According to LMU, the action places it among a handful of university signatories across the country, and more than 1,700 investors, financial firms and other institutions, that have agreed to the global network’s guidelines for incorporating environmental, social and governance factors into investment decisions.
“We prepare our students to thrive as thought leaders and global citizens to create a better planet for those here and for those to come,” LMU President Timothy Law Snyder said. “Ever mindful of LMU’s mission to provide a whole-person approach to our education, we seek to catalyze education, innovation and stewardship initiatives that benefit humankind. We lead by example, and we hope that our partnership with PRI will inspire other institutions to incorporate environmental and social decision-making into their investments.”
The agreement “is the result of a two-year exploration of responsible investing on campus, which included active engagement among trustees and administrators, student groups, and the university’s Jesuit community,” according to LMU, which is the first Jesuit Catholic university to become a signatory in the United States.
The PRI was created in 2005 by a group of institutional investors from around the world, who came together at the behest of then-U.N. Secretary General Kofi Annan to establish principles that guide investors in their decision-making processes.
“LMU has long made responsible investing a hallmark of our management practices,” said David DeVito, chair of the LMU Board of Trustees’ Endowment Committee. “Signing on to the U.N.-supported Principles for Responsible Investment reflects the university’s longstanding commitment to ethical decision-making and the promotion of justice.”
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