Pitt released the ESG report for its $5.6 billion endowment to provide “greater clarity” on how ESG factors are applied to decisions on investments. Pitt delayed the release from December until March. The Consolidated Endowment Fund is governed by the Investment Committee of the Board of Trustees and managed by the Office of Finance.

As part of Pitt’s annual Diversity Forum, the Office of Equity, Diversity, and Inclusion hosted the event “Combating Environmental Racism and Injustice” on Thursday to discuss experiences with and perspectives on environmental justice.

Sunrise Movement Pittsburgh hosted a climate strike march on Friday afternoon. More than 200 protesters marched through Oakland chanting, “Divest. Protect. Rebuild.”

Pitt’s Board of Trustees voted Friday to adopt all of the suggestions recommended by its ad-hoc committee studying whether and how the University should divest its $4.2-billion endowment of fossil fuel investments.

The report — which the board will consider at its winter meeting next Friday — did not recommend that Pitt completely divest from fossil fuels in the near future and instead outlined strategies for continuing to reduce such investments.

The Fossil Free Pitt Coalition unveiled a billboard Monday morning at the corner of the Boulevard of the Allies and Bates Street in South Oakland. The billboard features two eyes and the words, “PITT THE WORLD IS WATCHING, DIVEST NOW.” 

The Board of Trustees committee charged with investigating whether Pitt should divest its $4.3 billion endowment of fossil fuels held an open forum Friday morning to allow students, faculty and alumni to share their feedback on the matter.

Pitt community members voiced their dissatisfaction Wednesday evening with the University investing part of its $4.3-billion endowment in fossil fuels and the Board of Trustees committee now charged with investigating whether Pitt should divest.

The board formed the committee in June after years of pressure from the student body, including groups such as the Fossil Free Pitt Coalition.

The board of trustees’ Ad-Hoc Committee on Fossil Fuels appointed six committee members as well as a team of liaisons last week. It plans to host public forums in September and October to gather public input about divestment.