TIFF’s 2021 Sustainability Report

TIFF’s 2021 Sustainability Report shares the way in which we capture ESG and DEI into our investment process and firm culture.  2021 was a year of transformational change: DEI retained the prominence gained in 2020 as managers and employers refined how they measure and evaluate DEI best practices.  Environmental considerations returned in the form of Net Zero pledges, as institutions and providers committed to no-carbon portfolios, typically by 2050. In many ways, the ambitions of investors has outpaced the ability of the market to meet the nature and scope of current demand. Keys to success are a strong framework,  common assumptions around goals and definitions, and a willingness to be flexible and accountable as the landscape evolves. At TIFF, sustainability is a core value. Our commitment is expressed through our investment process and principles, with responsibility for progress held throughout the firm. Our 2021 report card shows real advances from 2020, but we know we have room to improve. Read the report to see how we partner with members and managers in our continuous improvement approach.

TIFF’s Dedicated Sustainable Strategies Mark One-Year Anniversary

TIFF’s Dedicated Sustainable Strategies Mark One-Year Anniversary

RADNOR, PA – July 2021

TIFF Investment Management (“TIFF”), an OCIO manager that oversees $7.5 billion in assets, including committed capital, as of June 30, 2021, is pleased to announce the one-year anniversary of its dedicated sustainable strategies.

While the concept of “sustainable investing” has been garnering increasing interest in recent years, TIFF has long considered environmental, social, and governance (ESG) issues when performing investment manager research.  In 2020, TIFF further expanded our ESG efforts by launching multiple dedicated sustainable strategies designed to help our nonprofit members invest using an ESG-focused approach.

TIFF’s sustainable strategies seek to invest while maintaining a positive environmental and social impact.  The strategies invest in managers TIFF believes are leaders in ESG integration and corporate engagement, as well as thematic managers investing in areas such as energy transition, resource efficiency, water, and healthcare.

TIFF’s sustainable strategies currently invest in public equities, hedge funds, and fixed income.  We engage deeply with our managers and our broader network of stakeholders on ESG and diversity, equity, and inclusion (DEI) issues, seeking to promote best practices across the investment industry.  Through this work, we aim to meet our members’ investments goals while having a positive impact on the world.

For more information, visit https://www.tiff.org/sustainable-investments/.

All investments involve risk, including possible loss of principal.

Not all strategies are appropriate for all investors. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives. Diversification does not ensure a profit or protect against a loss.

This article is being provided for informational purposes only and constitutes neither an offer to sell nor a solicitation of an offer to buy securities. Offerings of securities are only made by delivery of confidential offering materials, which describe certain risks related to an investment and which qualify in their entirety the information set forth herein.

This article is not investment or tax advice and should not be relied on as such. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

 

On Sustainable Investing

Now seems like a good time to share our view on where markets and investors are on the topic of Sustainable Investing today. To start, investor confusion around the terminology and why we should care seems to be ebbing. Yes, sustainability is still defined and perceived in myriad ways, but what it boils down to largely is the efficient use of resources. Any system—a company, an industry, a market, an ecosystem—requires resources to survive. To the extent those resources are harmed or depleted, the survival of that system is at risk. To the extent those resources are maintained or renewed over time, that system has what it needs to sustain itself at least and potentially even thrive. The sustainability movement is a call for change in how we manage our resources, in particular our environmental, human and social resources. Thoughtless exploitation of those resources can work for some period of time and for some portion of the population, but in the end that approach is unsustainable.

Sustainable investing is an extension of this concept. The basic idea is to invest in businesses that employ best practices around the use of all forms of capital: financial, environmental, human, and social. Those businesses possess the best chance not just to survive, but to thrive. And of course sustainable investing also means avoiding businesses with high costs and headline risks due to poor governance and exploitative behaviors. Such behaviors are less and less tolerated by consumers, governments, and regulators. Increasingly, these behaviors make them less attractive to investors, too.

This is an excerpt from a longer article. Please download the PDF to read more.