A group of 77 endowments and asset managers has launched the Intentional Endowments Network (IEN), a peer-to-peer network to support ESG investing by endowments, according to a statement.
The network consists of 50 endowments, foundations and non-profits, and 27 asset owners, with 13 leading founding members that include Arizona State University, Carleton College, Hanley Foundation, UBS Asset Management and Wallace Global Fund, IEN said.
The 64 contributing founding members include Alternative Investment Group, Boston Common Asset Management, Cambridge Associates, Cornerstone Capital Investment Management, Perella Weinberg Partners, World Resources Institute and Zevin Asset Management.
This official launch follows an 18-month pilot phase, IEN said.
The network’s goal is to facilitate “peer-to-peer connection and learning, thought leadership and collaborative action,” it said, with guidance from a steering committee that represents higher education, non-profits and the investment industry.
“The Intentional Endowments Network is an invaluable resource for endowments and other investors designed to make good stewardship the norm,” the California State University vice chancellor Garrett Ashley said in a statement.
Hampshire College president Jonathan Lash said endowments’ decisions to address investment risks regarding climate change, human rights abuses and other challenges should be “intentional.”
Membership rates for endowments are $750 per year for those with under $100 million in assets, $1,250 per year for those with assets of between $100 million and $1 billion, and $1,750 per year for those with assets greater than $1 billion, according to IEN’s website.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
