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Harvard Creates Post to Scrutinize Its Investments

The Harvard Management Company, which runs the university’s endowment, has begun searching for a vice president for “sustainable investing” who will consider concerns about the environmental, social, and corporate-governance aspects of its investments. Harvard has occasionally agreed to sell controversial holdings, though its investment arm has generally emphasized that its mission is to ensure the greatest returns.

“We think this is a positive step,” said Harvard College senior Michael Danto, one of the leaders of Responsible Investment at Harvard, which has pushed Harvard to adopt policies to ensure its investments are consistent with the university’s values.

“But this is not going to solve all the questions addressing the social consequences for Harvard’s portfolio,” he said.

Read more at: bostonglobe.com

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