UC ranked best university investment fund in addressing climate change
For the second year in a row, the University of California ranked highest among universities worldwide in incorporating climate change risks in its investment decision-making, according to the findings released by an independent organization on May 2.
Among all investment funds worldwide, UC ranked 17th, jumping eight spots from its position in 2015. The accolades highlight UC’s global leadership in and continued commitment to sustainability.
The Asset Owners Disclosure Project (AODP), a nonprofit organization, determines its “Global Climate 500 Index” by assessing how funds infuse climate change best practices into their investment strategies, using measures such as transparency and low-carbon investment.
“We are pleased to receive this recognition for our work in integrating climate risk in our investment process,” said UC Chief Investment Officer Jagdeep Singh Bachher.