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UA presidential candidates debate pushing Penn to pay PILOTs, hire more diverse CAPS staff

UA presidential candidates debate pushing Penn to pay PILOTs, hire more diverse CAPS staff
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University of Pennsylvania Targets Net-Zero by 2050 | Chief Investment Officer

University of Pennsylvania Targets Net-Zero by 2050 The $14.9 billion endowment becomes the latest institutional investor to target the goals of the Paris Agreement. The University of Pennsylvania (Penn)’s $14.9 billion endowment is the latest institutional investor to set the goal of eliminating net greenhouse gas emissions from its investment portfolio by 2050. The target supports the goals of the 2015 Paris Agreement and the UN’s Intergovernmental Panel on Climate Change (IPCC) of reducing the world’s net emissions caused by human activity to zero by 2050 in order to limit the global warming increase to 1.5° Celsius from pre-industrial levels. Penn’s Office of Investments, which manages the university’s endowment and pension assets, said it will reach net-zero mainly by eliminating the greenhouse gas emissions associated with the endowment’s underlying investments.

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