Reaffirming its commitment to social justice and environmental sustainability, Loyola Marymount University announced it has signed onto the United Nations-supported Principles for Responsible Investment.
The action places LMU among just a handful of university signatories across the country, and more than 1,700 investors, financial firms, and other institutions, who have agreed to the global network’s guidelines for incorporating environmental, social, and governance factors into investment decisions.
“LMU continues to be a vanguard of environmental responsibility and sustainability in higher education, and we are proud to uphold the Principles for Responsible Investment,” said President Timothy Law Snyder, Ph.D. “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. 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. LMU is the first Jesuit Catholic university to become a signatory in the United States.
“We are delighted to welcome Loyola Marymount University to the PRI,” said managing director Fiona Reynolds. “Joining the PRI complements LMU’s ongoing commitments to issues such as climate change and renewable energy and sends a positive message to other endowment funds.”
The PRI was created in 2005 by a group of institutional investors from around the world, who came together at the behest of then-UN 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 UN-supported Principles for Responsible Investment reflects the university’s longstanding commitment to ethical decision-making and the promotion of justice.”