Prior to 2019’s proposal to divest from all fossil fuels, GUFF has submitted two other proposals. The very first was in 2014, when GUFF paved the wave for students to engage with the endowment via the Committee on Social Responsibility and Investments (CISR). Our initial proposal advocated for divestment from the top 200 fossil fuel companies. Georgetown responded in 2015 by only divesting from coal.
During the 2016-2017 academic year, GUFF worked alongside Georgetown members to create the university’s landmark Socially Responsible Investing (SRI) policy. We advocated for language about environmental stewardship, which ended up being included both in the mission statement and the Alignment section of this policy.
We used the newly created SRI policy to strengthen our second proposal, recommending divestment from tar sands extraction, which we submitted to CISR in November 2017.
On April 30th, 2018, CISR recommended the university “use reasonable efforts to avoid investments in companies whose principal business is the extraction of tar sands.”
On June 7th, 2018, the Board of Directors “supported a recommendation to use reasonable efforts to avoid investments in companies whose principal business is the extraction of bituminous sands (“tar sands”) for use in energy production.”
Below is a link to our proposal in PDF form. Feel free to download and distribute this document.