February 12, 2015
The High Meadows Fund has decided to bring our investments more in line with our mission to promote vibrant communities and a healthy natural environment. To do this, we are eliminating the following from our investment portfolio: oil and gas companies, producers of coal, and utility companies that burn coal as their primary source of fuel, when that can be identified.
Currently, a significant portion of High Meadows Fund assets are managed by Colonial Consulting within the Vermont Community Foundation’s long-term investment pool, and the balance is managed by a Boston-based investment manager. In both cases, the money has been invested in various co-mingled funds, which has made it challenging to track every investment dollar relative to fossil fuel production and climate change. And it has been even more challenging to directly dictate specific sectors or companies to exclude from the portfolio.