The Responsible Investing Working Group (RIWG) released its report to the University community for the first time on Thursday, May 31, as part of the agenda package of the Board of Governors (BoG) meeting happening in only a few days (Tuesday, June 5). The agenda contains a motion to endorse and implement the report recommendations.
This working group was formed in response to the strong interest and advocacy of some UW community delegations. It was tasked with making recommendations on whether and how to incorporate environmental, social and governance (ESG) factors into decision making for the investment of the university’s endowments and your pension funds.
Our members are keenly interested in how their pensions are managed. In a March 28 blog post, we said we would “seek input from members and formulate a response” when the report was released.
As I hope you will understand, FAUW is unable to keep our commitment to you. Four working days is not enough time for the FAUW Board to read and understand the report and then gather feedback on it from our members. As such, we requested that this agenda item be for information only at the June 5 BoG meeting, thereby delaying the vote until the next meeting, in October. This request was denied.
Please direct concerns about this process or the report content to a faculty BoG member. They are: