Sustainable Endowments Institute

Last updated
Sustainable Endowments Institute
FounderMark Orlowski
Typeresearch and education
Location
  • Boston, MA

The Sustainable Endowments Institute (SEI) is a nonprofit organization based in the United States that is engaged in research and education to advance sustainability in operations and endowment practices. Founded in 2005, SEI is a special project of Rockefeller Philanthropy Advisors. SEI is located in Boston, Massachusetts. [1]

Contents

Projects

College Sustainability Report Card

The College Sustainability Report Card, called the Green Report Card, was the first sustainability ranking survey inside higher education. SEI released the College Sustainability Report Card between 2006 and 2012. The sustainability survey collaborated with over 300 schools in North America, sampling colleges and universities in all 50 states and 8 Canadian provinces. [2] The Report Card has been covered in numerous media outlets, including The New York Times, BusinessWeek, Forbes, and CNN Money. [3] The project surveyed administrators, students, and campus community members on 9 sustainability-related categories: administration, climate change and energy, food and recycling, green building, student involvement, transportation, endowment transparency, investment priorities, and stakeholder engagement. SEI supplemented these surveys with publicly available information to assess a grade, from an F to an A, for each institution based on the total number of points earned for each category. The Report Card was indefinitely suspended on March 30, 2012. [4]

The Billion Dollar Green Challenge

The Billion Dollar Green Challenge (The Challenge) is an initiative to promote the revolving loan fund model to finance sustainability projects on college, university, and other nonprofit institutional campuses. The initiative advocates for increased investment in efficient energy use and sustainable efficiency improvements, with a goal one billion dollars in self-managed revolving funds called green revolving funds. [5] The Billion Dollar Green Challenge program was covered in a cover story in Business Officer magazine published by the National Association of College and University Business Officers (NACUBO). [6]

The Green Revolving Investment Tracking System

The Green Revolving Investment Tracking System (GRITS) is an online web application that allows organizations to track and calculate project-level energy, financial, and carbon data. [7] The tool was developed by the Institute between October 2011 and April 2014, with the GRITS 1.0 version launched on Earth Day, April 22, 2014. GRITS was featured in a New York Times article "Investing in Energy Efficiency Pays Off" in February 2015. [8]

Related Research Articles

<span class="mw-page-title-main">Macalester College</span> Private college in Saint Paul, Minnesota

Macalester College is a private liberal arts college in Saint Paul, Minnesota. Founded in 1874, Macalester is exclusively an undergraduate four-year institution with an enrollment of 2,174 students in the fall of 2018. The college has Scottish roots and emphasizes internationalism and multiculturalism.

<span class="mw-page-title-main">University of Nevada, Reno</span> Public university in Reno, Nevada, U.S.

The University of Nevada, Reno is a public land-grant research university in Reno, Nevada. It is the state's flagship public university and primary land grant institution. It was founded on October 12, 1874, in Elko, Nevada.

A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."

<span class="mw-page-title-main">Business action on climate change</span> Range of activities by businesses relating to climate change

Business action on climate change includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol. Major multinationals have played and to some extent continue to play a significant role in the politics of climate change, especially in the United States, through lobbying of government and funding of climate change deniers. Business also plays a key role in the mitigation of climate change, through decisions to invest in researching and implementing new energy technologies and energy efficiency measures.

<span class="mw-page-title-main">Northland College (Wisconsin)</span> Private college in Ashland, Wisconsin, US

Northland College is a private college in Ashland, Wisconsin. It enrolls 526 full-time undergraduates and employs 60 faculty members and 99 staff members. Northland College is accredited by the Higher Learning Commission.

A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. Borrowers tend to be small producers of goods and services: typically, they are artisans, farmers, and women with no credit history or access to other types of loans from financial institutions. Organizations that offer revolving loan fund lending aim to help new project or business owners become financially independent and eventually to become eligible for loans from commercial banks.

<span class="mw-page-title-main">Clean technology</span> Any process, product, or service that reduces negative environmental impacts

Clean technology, in short cleantech or climatetech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits. A project that is developed with concern for climate change mitigation is also known as a carbon project.

<span class="mw-page-title-main">Alliance to Save Energy</span> A How to Save Energy

The Alliance to Save Energy is a bipartisan, nonprofit coalition of business, government, environmental, and consumer groups based in Washington, D.C. The Alliance states that it advocates for "energy-efficiency policies that minimize costs to society and individual consumers, and that lessen greenhouse gas emissions and their impact on the global climate." The Alliance's chief activities include public relations, research, and lobbying to change U.S. energy policy.

The Investor Network on Climate Risk (INCR) is a nonprofit organization of investors and financial institutions that promotes better understanding of the financial risks and investment opportunities posed by climate change. INCR is coordinated by Ceres, a coalition of investors and environmental groups working to advance sustainable prosperity.

An energy service company (ESCO) is a company that provides a broad range of energy solutions including designs and implementation of energy savings projects, retrofitting, energy conservation, energy infrastructure outsourcing, power generation, energy supply, and risk management.

<span class="mw-page-title-main">Clean Water State Revolving Fund</span> USEPA lending program for water quality

The Clean Water State Revolving Fund (CWSRF) is a self-perpetuating loan assistance authority for water quality improvement projects in the United States. The fund is administered by the Environmental Protection Agency and state agencies. The CWSRF, which replaced the Clean Water Act Construction Grants program, provides loans for the construction of municipal wastewater facilities and implementation of nonpoint source pollution control and estuary protection projects. Congress established the fund in the Water Quality Act of 1987. Since inception, cumulative assistance has surpassed 153.6 billion dollars as of 2021, and is continuing to grow through interest earnings, principal repayments, and leveraging.

Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.

<span class="mw-page-title-main">Economics of climate change mitigation</span> Part of the economics of climate change related to climate change mitigation

The economics of climate change mitigation is a contentious part of climate change mitigation – action aimed to limit the dangerous socio-economic and environmental consequences of climate change.

<span class="mw-page-title-main">Energy policy of the Barack Obama administration</span>

The energy policy of the Obama administration was defined by an "all-of-the-above" approach which offered federal support for renewable energy deployment, increased domestic oil and gas extraction, and export of crude oil and natural gas. His presidency's first term was shaped by the failure of his signature climate legislation, the American Clean Energy and Security Act, to pass, and then climate and energy disasters including the Deepwater Horizon oil spill in 2010 and then Hurricane Sandy, which took place during the 2012 election. In his second term, Obama lifted the ban on crude oil exports and approved liquified natural gas exports; his planned regulatory approach to reducing greenhouse pollution in the electricity sector, the Clean Power Plan, was blocked by the U.S. Supreme Court.

<span class="mw-page-title-main">Climate finance</span> Type of investment in the context of climate action

Climate finance are funding processes for investments related to climate change mitigation and adaptation. The term has been used in a narrower sense to refer to transfers of public resources from developed to developing countries, in light of their UN Climate Convention obligations to provide "new and additional financial resources". In a wider sense, the term refers to all financial flows relating to climate change mitigation and adaptation.

Public plans for energy efficient refurbishment are put in place by states to encourage building owners to renovate their properties in a way that increases their energy performance. As financing represents the most important obstacle to this type of renovation, the plans favour financial incentives in the form of loans or grants. Various institutions can be involved in the process, such as ministries, banks, firms, or energy services companies (ESCOs).

A green bank is a financial institution, typically public or quasi-public, that employs innovative financing techniques and market development tools in collaboration with the private sector to expedite the deployment of clean energy technologies. Green banks use public funds to leverage private investment in clean energy technologies that, despite their commercial viability, have struggled to establish a widespread presence in consumer markets. Green banks aim to reduce energy costs for ratepayers, stimulate private sector investment and economic activity, and expedite the transition to a low-carbon economy.

The Yale University endowment is the world's third-largest university endowment and has a reputation as one of the best-performing investment portfolios in American higher education. The endowment was established at Yale University, then Yale College, in 1718 from an initial fund of £562 provided by Elihu Yale and has grown to more than $40 billion in value over the ensuing 300 years. It is managed by the Yale Investments Office.

Green recovery packages are proposed environmental, regulatory, and fiscal reforms to rebuild prosperity in the wake of an economic crisis, such as the COVID-19 pandemic or the Global Financial Crisis (GFC). They pertain to fiscal measures that intend to recover economic growth while also positively benefitting the environment, including measures for renewable energy, efficient energy use, nature-based solutions, sustainable transport, green innovation and green jobs, amongst others.

References

  1. "Home". endowmentinstitute.org.
  2. "America's Greenest Colleges And Universities". Forbes . 2013-11-25. Retrieved 2013-12-16.
  3. "Without Cafeteria Trays, Colleges Find Savings". New York Times . 28 April 2009. Retrieved 2013-12-16.
  4. "Media". Archived from the original on 2021-05-06.
  5. "Activist Pushes Colleges to Make Sustainability Worth Its Cost". The Chronicle of Higher Education. 2011-10-11. Retrieved 2014-05-06.
  6. "NACUBO: Pay It Onward". www.nacubo.org. Archived from the original on 2016-01-01.
  7. "Billion Dollar Green Challenge".
  8. "Investing in Energy Efficiency Pays off". 6 February 2015.