Location: Alumni Guest House

Time: 12:30 pm

Present Staff: Fred Rogers, Shannon Schulz Faculty: Mike Hemesath, David Lefkowitz Students: Nathaniel Rosenblum, Nora Mahlberg, Eilidh Higgins, Cristina Sainati

Absent David Schlosser, Alexander Persaud

Secretary: Laura Garlock

Today the CRIC made a fifteen-minute presentation to the Board of Trustees at the Investment Committee Meeting in the Alumni Guest House. CRIC members first joined the trustees for lunch from noon until 12:30 p.m., at which time Nora and Nathaniel began their presentation.

Nathaniel started off by thanking the Board for meeting with the CRIC and introducing the members. He then summarized the CRIC’s dissolution last year and its revival this year, as well as the committee’s aim, which is to “advise the Investment Committee . . . regarding ethical, social, and environmental issues that arise in the management of the endowment” (CRIC Charter).

After Nathaniel’s introduction, Nora reviewed the ten proposals the CRIC is asking the Investment Committee to vote for. As described in Tuesday’s minutes, these fall into three categories: Sustainability Initiatives, Health Care Reform Principles, and the Right to Water. Under Sustainability Reporting are three sub-categories, the first of which being Sustainability Reporting, which would ask companies to produce a report assessing their plans and policies concerning climate change. The second sub-category is Compact Fluorescent Light Bulbs, which asks companies to label CFLs with their mercury content and safety information. The finalsub-category is Mountaintop Removal; this urges Citigroup to discontinue its funding of mountaintop removal. Resolutions under Health Care Reform Principles encourage companies to reform using the guidelines of the Institute of Medicine. Finally, the Right to Water resolutions ask companies to respect the right to water.

Nathaniel then asked the Investment Committee to vote for these ten proposals despite possible negative effects in the short-term. The meeting then moved on to questions that the Board had for the CRIC. The trustees’ questions addressed many topics; some wanted more information about particular proposals, some wanted more information on the possible side effects of the proposals, while others were interested in the methods employed by the CRIC in researching and deciding on resolutions.

The Investment Committee will discuss the resolutions and vote on them today, and will report back to the CRIC within a day.