$118B University System Looks to Bolster ESG, Diversity with Director Role
The Fundfire article, “$118B University System Looks to Bolster ESG, Diversity with Director Role," quoted Russell Reynolds Associates Consultant Debra Brown about the trend of CIO candidates asking investors about the growing pressures of an interest in ESG. The article is excerpted below.
The University of California is on the hunt for a director of sustainability and diversity for its $118 billion portfolio, signaling further interest among institutional investors to grow environmental, social and governance (ESG) and diversity initiatives.
The director will collaborate “with asset class heads and investment staff to further refine and implement the framework on sustainable investments, and [work] to aid adoption and implementation of best practices across the Office of the Chief Investment Officer,” according to a job posting on the university’s website.
While there are not many endowments and foundations recruiting internal ESG specialists, executive recruiter Deb Brown has seen CIO candidates asking investors about how they deal with the pressures and the portfolio in response to the growing interest of ESG.
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