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Harvard’s $53 Billion Endowment Is Boosting Its Bets on ‘Climate Solutions’

  • University’s fossil-fuel holdings remain at less than 2%
  • Expect the trend to accelerate, Harvard says in annual report
Harvard University in Cambridge, Massachusetts.

Harvard University in Cambridge, Massachusetts.

Photographer: Maddie Meyer/Getty Images

Harvard University’s $53 billion endowment said it’s increasing investments in “climate solutions,” while still maintaining less than 2% of assets with indirect exposure to fossil-fuel holdings.

Investments related to addressing the climate crisis were approaching 1% of the fund as of June 2021, and more than doubled from a year earlier, Harvard said Thursday in its second annual report about how the endowment is making progress on the university’s goal to achieve net-zero greenhouse gas emissions by 2050.