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Securing a Sustainable Future | University of Pennsylvania
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class="page-header-hero__content__contain"> <div> <nav class="breadcrumb" role="navigation" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ul class="breadcrumb"> <li class="breadcrumb__item"> <span> <a href="/">Home</a> </span> <span class="breadcrumb__divide">/</span> </li> <li class="breadcrumb__item"> <span> <a href="/about">About</a> </span> <span class="breadcrumb__divide">/</span> </li> <li class="breadcrumb__item"> <span> <a href="">Securing a Sustainable Future</a> </span> </li> </ul> </nav> </div> <div class="wysiwyg intro"> <h1> <span>Securing a Sustainable Future</span> </h1> <p> <p>Environmental sustainability is a defining issue of the 21st century, and higher education can play a leadership role in addressing global climate change. Through the research, teaching, and operational practices articulated in its <a href="http://www.upenn.edu/sustainability/about/our-plan">Climate and Sustainability Action Plan 3.0</a>, Penn is dedicated to promoting a sustainable culture and implementing environmentally conscious policies. These pages aim to tie together Penn鈥檚 efforts, plans, and goals.</p> </p> </div> </div> </div> <div class="page-header-hero__figure "> <picture class="page-header-hero__picture "> <img loading="lazy" src="/sites/default/files/styles/page_hero_1x1/public/2022-11/sq-mussels-schuylkill-river.jpg?itok=1xccLGgR" width="711" height="711" alt="Penn student conducting research on mussel health in the Schuylkill River" class="page-header-hero__image" /> </picture> </div> </div> </header> <div class=" clearfix wysiwyg-container"> <div class="wysiwyg section-margin-top contain contain--sm clearfix"> <h2 class="plain">A message about Penn鈥檚 endowment and sustainability</h2> <p><em>November 29, 2022</em></p> <p>The world gathering in Egypt for COP27 reminds us of the urgency of our collective fight against climate change. Faculty, student, and staff attendees from Penn represent the energy and talent that so many Penn community members contribute to this crucial effort. This is an opportune moment to share our thoughts on the role of Penn鈥檚 endowment in combatting climate change. The complexity of the issue and the urgency of the climate challenge merit a thoughtful consideration and explanation of Penn鈥檚 policies.</p> <p>Penn鈥檚 endowment exists to provide long-term support for Penn鈥檚 educational mission. This year, Penn will spend a record $960 million from its endowment to support student financial aid, faculty salaries, faculty teaching and research, Penn鈥檚 health system, and countless other programs that rely heavily on endowment spending. While the core purpose of Penn鈥檚 endowment is to provide this financial support, some have argued that large endowments should play a role in mitigating climate change and, in particular, that fossil fuels do not have a place in university endowments.</p> <p class="text-align-center"><a class="btn btn--outline" href="https://penntoday.upenn.edu/announcements/message-about-penns-endowment-and-sustainability"> Full Announcement<br> Via Penn Today</a></p> </div> </div> <section class="grid custom-margin section-margin-bottom "> <div class="contain"> <header class="section-header section-header--centered "> <div class="wysiwyg"> <h2 class="plain text-align-center"><a href="/about/sustainability">Securing a Sustainable Future</a></h2> </div> </header> <div class="grid__content grid__content--4"> <article class="grid-card "> <div class="grid-card__content"> <h3 class="grid-card__title"> <a href=" /about/sustainability/climate-investments " class="grid-card__link"> Climate Investments </a> </h3> </div> </article><article class="grid-card "> <div class="grid-card__content"> <h3 class="grid-card__title"> <a href=" /about/sustainability/sustainability-initiatives " class="grid-card__link"> Sustainability Initiatives </a> </h3> </div> </article><article class="grid-card "> <div class="grid-card__content"> <h3 class="grid-card__title"> <a href=" /about/sustainability/research-and-teaching " class="grid-card__link"> Research & Teaching </a> </h3> </div> </article><article class="grid-card "> <div class="grid-card__content"> <h3 class="grid-card__title"> <a href=" /about/sustainability/news-and-announcements " class="grid-card__link"> News & Announcements </a> </h3> </div> </article> </div> </div> </section> <div class="article-card-hero"> <div class="contain"> <article class="article-card article-card--featured article-card--full article-card--without-borders article-card--with-link"> <picture class="article-card__figure"> <source srcset media="(min-width: 1024px)"> <img loading="lazy" src="/sites/default/files/styles/article_card_3x2/public/2022-10/college-hall-blue-sky_1.jpg?itok=fIDNmIyH" width="1600" height="1066" alt="College Hall facade, showing collegiate gothic architecture, framed by mature trees" class="article-card__image"> </picture> <span class="article-card__category"> </span> <h3 class="article-card__title"> <a href=" https://penntoday.upenn.edu/news/penns-goal-achieving-net-zero-emissions-within-endowment " class="article-card__link"> Penn鈥檚 goal of achieving net-zero emissions within the endowment </a> </h3> <div class="contain contain--sm article-card__description"> <p class="text-align-center">The Office of Investments has established the goal of reducing the net greenhouse gas emissions from Penn鈥檚 endowment investments to zero by 2050. <em>Penn Today </em>speaks with Chief Investment Officer Peter Ammon about Penn鈥檚 new climate goal and the challenges that will need to be overcome in order to achieve it.</p> </div> </article> 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