The first Environmental, Social and Governance report for Pitt’s $5.7 billion endowment is “in the process of being finalized,” officials said Wednesday.
By John Blair, Senior Staff Photographer
• November 15, 2021
About 50 students from Pitt, Chatham and Carnegie Mellon walked the streets from Chatham’s campus to the Cathedral of Learning to protest continued fossil fuel investment from all three schools on...
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.
By Martha Layne, Assistant News Editor
• February 26, 2021
Student Government Board slammed a report released last Friday by a Board of Trustees committee which advocated for a gradual divestment from fossil fuels. SGB President Eric Macadangdang, along with the other board members, supports immediate divestment.
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.”
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.
Reinvestments, which should be made in consultation with stakeholders like the Fossil Free Pitt Coalition and the Pitt community, should also be outlined in the report.
When protestors from the Fossil Free Pitt Coalition sang “we shall not be moved” at Friday morning’s Board of Trustees meeting, they meant it — literally.
Pitt's Board of Trustees unanimously approved measures to create a formal socially responsible investing process for its $4.3 billion endowment, as well as supporting carbon neutrality by 2037.
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