Adler University has divested fossil fuels from its investment portfolio in concert with its institutional mission and investment policy supporting socially responsible practice. Adler is one of only 30 higher education institutions to divest from fossil fuels, according to 350.org, which promotes and tracks activity on climate-focused campaigns.
“Our Board of Trustees and our university community expect our investment and financial practices to be consistent with our values,” said Adler University President Raymond E. Crossman, Ph.D. “We know that acquisition and use of fossil fuels is toxic both environmentally and economically, so we have decided not to participate in economic systems which harm our most marginalized communities. Our divestiture is a call for sustainable and socially responsible energy.”
Adler’s investment policy has long prohibited investment in tobacco, firearms, ammunition and military weaponry. On May 14, the university’s Board of Trustees unanimously approved a revision to the policy to also prohibit investment in fossil fuels.