, Columnist
Yale Champions Social Investing (Whatever That Is)
The broad sustainable movement has garnered a lot of attention but done a poor job of explaining what it is and what it wants to do.
What constitutes ethical investing, anyway?
Photographer: Craig Warga/Bloomberg
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Socially responsible investing just received a big endorsement, but what it really needs is some clarity.
Yale University announced last week that its endowment might exit private investments it deems unethical, extending a policy it has long applied to investments in public markets. In fact, the university counts itself among SRI’s pioneers. Its ethical investment policy declares that “Yale was one of the first institutions to address formally the ethical responsibilities of institutional investors.”