On May 21, 2015 the University of Hawaii Board of Regents voted to divest the university’s $66-million endowment from fossil fuels, such as coal, oil and gas companies.
After strong support was shown from coordinated testimony from students, faculty and the community, a task group was formed comprising of UH regents, students, faculty and staff to investigate divesting UH’s endowment from fossil fuels.
The task group worked closely with the board’s investment manager UBS Financial Service, Inc. to evaluate potential divestment options as well as impacts to the investment goals and policies and determined divestment to be a prudent course of action.
Divestment does not directly reduce the universityʻs carbon emissions, however it does signal the institutionʻs commitment to sustainability, and highlights higher educationʻs responsibility to take immediate action to protect our changing climate.
UH has established an Office of Energy Management to help increase its investments in energy conservation measures, alternative energy production, and to change institutional as well as individual behaviors.