ENVIRONMENT
01/30/2013 03:56 pm ET

Divesting From Fossil-Fuel Companies Is Unlikely To Harm Endowments, Report Says

College-endowment managers who resist the growing call to divest their holdings in fossil-fuel companies may be doing so for little or no financial reason, according to a new report.

An analysis released on Tuesday by the Aperio Group, an investment-management firm that offers its clients a “socially responsible index,” among other investment strategies, found that while divesting from fossil-fuel companies does not necessarily add value to a portfolio, it does not subtract value from it either, and it increases the risk to investors at such a modest level as to be negligible.

Read more on The Chronicle Of Higher Education

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