Please click here to view President Monaco’s message to the community on divestment.
The Tufts Divestment Working Group presented its recommendations in a report to President Anthony P. Monaco on January 9, 2014. The Board of Trustees reviewed and accepted the report at its meeting on February 8.
Members of the working group were:
Patricia L. Campbell, Executive Vice President
Laurie A. Gabriel, J76, Chair, Board of Trustees Investment Committee
R. Bruce Hitchner, Professor of Classics, School of Arts and Sciences
Lila Kohrman-Glaser, A15, School of Arts and Sciences
William R. O’Reilly Jr., A77, A13P, Trustee
Andrew Peng, A14, School of Arts and Sciences
Devyn Powell, A14, School of Arts and Sciences
Ann Rappaport, G92, A06P, Lecturer, Urban and Environmental Policy and Planning, and Co-director, Tufts Climate Initiative
Andrew Safran, A76, F77, A09P, Trustee
Kelly Sims Gallagher, F00, F03, Director, Center for International Environment and Resource Policy, and Associate Professor of Energy and Environmental Policy, the Fletcher School
Benjamin D.E. Weilerstein, A16, School of Arts and Sciences
President Monaco, who established the working group in April 2013, asked the working group to examine three areas:
The following are the recommendations of the Tufts Divestment Working Group:
Fossil Fuel Divestment
The majority of the working group recommends against beginning a process of divesting at this time.
There was a strongly held minority opinion on the working group that divestment could be feasible in the near term without serious detrimental impact on the endowment, if executed carefully and strategically over five years. Opinions of the minority group include:
Establishing a Sustainability Fund
The working group recommends establishing a Sustainability Fund. Next steps include:
Other Actions for Consideration