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The GW Hatchet

AN INDEPENDENT STUDENT NEWSPAPER SERVING THE GW COMMUNITY SINCE 1904

The GW Hatchet

Serving the GW Community since 1904

The GW Hatchet

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Univ. receives B in annual Sustainable Endowments Institute report card

GW was given a B for its overall sustainability efforts in the Sustainable Endowments Institute’s annual College Sustainability Report Card, the same rank the University received last year.

More than half, or 56 percent, of the 322 colleges and universities graded received a B, according to the SEI.

The report card is based off nine criteria, including climate change and energy efforts, food and recycling efforts, green building, student involvement and investment priorities.

The categories GW performed the worst in were endowment transparency and shareholder engagement, receiving a D and F respectively. The SEI said that GW does not divest where the endowment is invested, making it impossible for the public to know what kinds of companies the University invests in. The University also does not have a socially conscious investment policy, meaning the endowment isn’t prohibited from investing in companies that do not follow socially conscious guidelines.

The University also doesn’t “vote proxies for most of the endowment, which is invested in mutual funds or other commingled investment vehicles.” Proxy voting is the way investors have a say in where mutual funds invest their money.

In the past, GW had received poor grades by the SEI – who ranks the sustainability efforts of colleges and universities with large endowments. In 2009, GW received a C+, and in 2008 the University received a D+.

American University received the highest grade out of the colleges and universities in the District, with a B+. Georgetown University received a B, the same grade as GW.

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