AV俱乐部

AV俱乐部 believes that anthropogenic climate change poses substantial risk (鈥淐CR鈥�) to human and natural systems, and that local and international efforts to reduce dependence on fossil fuels are critical to addressing this risk. AV俱乐部 believes how companies respond to this risk, and to efforts, is an important consideration when assessing long-term value.聽 Companies which deny the reality of climate change and fail to take actions to address this risk, or oppose actions to mitigate climate change, may pose an unwarranted risk to the Endowment Funds.聽 Staff鈥檚 formal reviews of investment managers will include specific questions on CCR in the respective investment strategies.聽 Consistent with the Principles of Responsible Investing, related measures will be reviewed and reported on an ongoing basis.

Likewise, subject to assessment of business strategy, management and financial metrics, opportunities in alternative energy and other technologies to mitigate the impacts of CCR have the potential to be good investments.