Restrict Direct Fossil Fuel Investments in Cash Management Holdings

This initiative proposes to transition the University of Arizona's investments away from fossil fuels and toward climate-conscious practices, with a goal to eliminate direct fossil fuel investments by 2030 or sooner. Recognizing the importance of climate metrics and governance in sustainable investing, the university aims to implement policies that measure, reduce, and disclose these emissions to align with its commitment to environmental stewardship and transparency. Collaborating with the University of Arizona Foundation, this initiative seeks to establish robust ESG (environmental, social, and governance) procedures that guide investment strategies toward sustainable and socially responsible outcomes. Actionable items include:

• Establish a timeline to eliminate direct fossil fuel investments from the university's cash management holdings by 2030 or sooner.
• Use established metrics to quantify and report on emissions from investments.
• Conduct a quarterly assessment of ESG rankings within the investment portfolio using reputable rating systems.
• Collaborate with the University of Arizona Foundation to align investment strategies with university-wide goals and policies.