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Home > News & Events > Events Calendar > University Endowments and Universal Owners: The Sustainability Challenge
This session puts the controversies of some university endowments into the larger context of existing and emerging U.S. and global corporate governance standards. These standards, while in flux and varying somewhat from country to country, include transparency, accountability and accounting not only for financial performance, but also for the not as yet fully financial factors. These factors are often referred to as ESG (environmental, social and governance), and increasingly a focus on financial and economic sustainability. The idea of the universal owner as a large institution with a diversified portfolio which owns a cross section of assets classes that are more or less representative of the economy, and thereby internalized some proportion of externalities generated by the assets it owns, making it a reasonably proxy for the 'public interest'. http://hausercenter.harvard.edu/?p=2222