Addenda Capital is an investment management firm providing solutions for institutional and high net worth clients. We offer our clients expert services in a broad range of asset classes. We are committed to incorporating environmental, social and governance (ESG) issues into our investment analysis and decision-making and to monitoring and engaging with investee companies, regulators and policy makers on important ESG matters. Our mission is to add value through innovation, discipline and integrity, and to nurture genuine partnerships with our clients. Addenda Capital joined INCR in 2014.
Founded in 1955, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a voluntary federation of 57 national and international labor unions. Headquartered in Washington, DC, the AFL-CIO represents 12.2 million members, including 3.2 million members in Working America, its community affiliate. AFL-CIO members range from teachers to firefighters, pilots to public employees. It joined INCR in 2009.
The Amalgamated Clothing Workers of America founded Amalgamated Bank in 1923 to serve the financial needs of the working people. In 1992, Amalgamated Bank founded The LongView Funds, which uses the power of investors to encourage corporate boards to pursue sound governance policies, hold portfolio companies to high standards of social and environmental practices and enhance shareholder value. Based in New York City, Amalgamated Bank LongView Funds joined INCR in 2011.
Founded in 1932, the American Federation of State, County and Municipal Employees (AFSCME) is one of the largest labor unions in the U.S., representing 1.6 million members. Headquartered in Washington, DC, AFSCME provides vital services to members in hundreds of different occupations – from nurses to corrections officers, child care providers to sanitation workers. AFSCME joined INCR in 2005.
Headquartered in Durham, NC, Smith Breeden Associates Inc. is a global asset management firm. Founded in 1982, the firm applies its quantitative research and trading skills to a variety of sectors, including the fixed income market. Smith Breeden Associates regularly manages a number of accounts that contain environmentally and socially responsible targets as well as portfolios that include restrictions against alcohol, tobacco, gaming and more. The firm joined INCR in 2010.
The Ardsley Partners Renewable Energy Fund, L.P., launched in July 2006, employs a fundamentally driven research approach to identify asymmetric risk/reward opportunities across all market capitalizations and geographies within the renewable energy sector and related areas. The fund seeks to identify solutions to the global energy and natural resource problem and invest in companies whose technologies offer alternatives or more efficient use of natural resources. The primary objective the Fund is to generate strong returns through a portfolio of long and short public equity investments, regardless of economic conditions. The process combines company specific research, sector analysis and a top-down macro economic outlook to identify the best opportunities within each subsector and isolate individual alpha generating shorts. Ardsley Partners joined INCR in 2013.
Arjuna Capital is the Sustainable Wealth Management Platform of Baldwin Brothers, Inc. Our investment philosophy is rooted in sustainability: that economic vitality, environmental responsibility, and social equity are mutually supportive measures of societal health. Across all markets and asset classes, we offer our clients diverse, sustainable, profitable, and suitable investments—considering each investment opportunity in the context of global trends of climate change, resource constraints, and the development of human capital. Our clients are empowered to increase their influence and impact through their investments by facilitating their active participations as owners and lenders in the financial markets. Arjuna Capital joined INCR in 2014.
Founded in 1992, As You Sow is a nonprofit organization dedicated to increasing corporate environmental and social responsibility. Headquartered in San Francisco, As You Sow has engaged in corporate dialogue, shareholder advocacy, grant making and innovative legal strategies, resulting in positive and continued impact to the environment. It joined INCR in 2010.
Founded in 1988, BlackRock is the world's largest and most prominent asset manager. Headquartered in New York City, BlackRock is the leading provider of investment, advisory and risk management solutions. The company joined INCR in 2008.
Founded in 2002, Boston Common Asset Management is an investment manager specializing in sustainable and responsible equity and balanced strategies. Headquartered in Boston, Boston Common Asset Management manages U.S. and international portfolios while also urging portfolio companies to improve transparency, accountability and attention to ESG issues. It joined INCR in 2008.
Breckinridge Capital Advisors is a Boston-based investment advisor specializing in the management of high-grade fixed-income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts. The firm has made a commitment to developing ESG capabilities and integrating ESG factors into their business strategy. Breckinridge joined INCR in 2012.
British Columbia Investment Management Corporation (bcIMC) is one of Canada's largest institutional fund managers. Founded in 1999 and headquartered in Vancouver, bcIMC'S clients include public sector pension plans, the Province of British Columbia, publicly administered trust funds and public bodies. The corporation joined INCR in 2008.
Brown University's Investment Office, under the direction of the Brown University Investment Committee, manages the Long-Term Pool (“LTP”), which includes endowed funds as well as current University funds. The primary goal of the LTP is to support the University in perpetuity so that future generations of students and faculty receive at least the same level of inflation-adjusted support as the current generation. The LTP’s asset allocation policy is widely diversified in order to produce attractive long-term stable returns. Brown University's Investment Office joined INCR in 2008.
The California Public Employees' Retirement System (CalPERS) is the nation’s largest public pension fund. It administers retirement benefits for more than 1.6 million active and retired state, public school and local public employees and their families. CalPERS joined INCR in 2005.
The California State Controller's Office is the chief fiscal officer of California, the eighth-largest economy in the world. Elected every four years, the Controller ensures that the state’s budget is spent properly, helps administer two of the nation's largest public pension funds and serves on 78 state boards and commissions. The California State Controller's Office joined INCR in 2005.
The California State Teachers´ Retirement System (CalSTRS) is the second largest public pension fund in the U.S. It administers retirement, disability and survivor benefits for California's 852,000 public school educators and their families from the state's 1,600 school districts, county offices of education and community college districts. CalSTRS joined INCR in 2005.
The California State Treasurer's Office is responsible for the state's investment and finance, and is currently led by Treasurer Bill Lockyear. It was one of the first state treasurer's offices to sign on to Ceres' 10-point Call for Action plan advocating for the need to highlight financial risks posed by climate change, and spurring the creation of INCR. The California State Treasurer's Office joined INCR in 2003.
Founded in 1976, Calvert Asset Management Company, Inc. offers investors among the widest choice of socially responsible investing (SRI) strategies of any investment management company in the U.S. Calvert serves individual and institutional investors as well as professional financial advisors nationwide. Headquartered in Bethesda, Md., Calvert joined INCR in 2008.
Capital Dynamics is an independent, global asset manager, investing in private equity and clean energy infrastructure. We are client-focused, tailoring solutions to meet investor requirements. We manage investments through a broad range of products and opportunities including separate account solutions, investment funds and structured private equity products. Capital Dynamics also has a clean energy and infrastructure strategy that invests directly in solar power plants, gas fired power stations, biomass power plants and wind farms, mainly in OECD countries. In addition to investment management, professionals at the Firm have substantial experience in overseeing operational aspects of the renewable asset management. Capital Dynamics joined INCR in 2014.
Founded in 1981, Christian Brothers Investment Services, Inc. (CBIS) is a leader in Catholic socially responsible investing for more than 1,000 Catholic institutions worldwide, including dioceses, religious institutes, educational institutions and health care organizations. Headquartered in New York, CBIS strives to integrate faith-based values into the investment process through a disciplined approach to socially responsible investing that includes principled purchasing (stock screens), active ownership strategies (proxy voting, dialogues, and shareholder resolutions) and community investment. CBIS joined INCR in 2008.
Founded in 2001, Chrysalix Energy Venture Capital (EVC) is a Vancouver-based firm that provides early-stage financing, hands-on assistance and strategic connections to major companies confronting energy and environmental issues. Chrysalix EVC is the North American affiliate of the Chrysalix Global Network (CGN), an alliance of independent, clean energy venture capital firm with the primary goal to better address the global nature of the cleantech industry. They joined INCR in 2013.
Founded in 1964, ClearBridge Investments is the largest equity manager of Legg Mason, Inc. Headquartered in New York, ClearBridge Investments' primary focus is on equity investing. The firm joined INCR in 2011.
Headquartered in London, Climate Change Capital is an environmental investment manager and advisory group specializing in the opportunities generated by the global transition to a low carbon economy. Climate Change Capital advises and invests in companies that recognize combating global warming is both a necessity and an economic opportunity. Climate Change Capital joined INCR in 2008.
The Connecticut Office of State Treasurer's mission is to serve as the premier Treasurer's Office in the nation through effective management of public resources, high standards of professionalism and integrity and expansion of opportunity for the citizens and businesses of Connecticut. The Office of the Treasurer includes an executive office that houses its Policy Unit as well as five distinct divisions, each with specific responsibilities: cash management, debt management, second injury fund, pension fund management division and unclaimed property division. It was a founding member of INCR in 2003.
Founded in February 2006 by William Patterson, the CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win - a federation of unions representing nearly 5.5 million members - to enhance long-term shareholder returns through active ownership. Members of CtW affiliates participate in Taft-Hartley plans with over $200 billion in assets; CtW Investment Group does not directly manage any assets. The network leads shareholder initiatives, advocates for effective legislative and regulatory reform, and supports active ownership and corporate governance reform strategies for worker pension and benefit funds. CtW joined INCR in 2012.
DBL Investors is a venture capital firm based in the Bay Area that was created with the spin-out of our first fund from JPMorgan in early 2008. Our investment approach combines top-tier financial returns with meaningful social, economic and environmental improvement in the regions in which we invest. We accomplish this two-fold return by adhering to a strict investment discipline honed over 60 years of collective venture capital experience while at the same time implementing a proprietary approach to leveraging public sector, university and not-for-profit resources to the benefit of our fund’s portfolio companies and to regional environmental and economic development goals. Our first fund, the $75M Bay Area Equity Fund (Fund I), successfully implemented this double bottom line investment model in the San Francisco Bay Area, and is delivering top-quartile financial returns. Our second fund, the $150.8M DBL Equity Fund (Fund II), has the same investing approach with an expanded geographic focus of the Western U.S. At the same time that our portfolio companies deliver tangible benefits to the community, such as job creation in low-income neighborhoods and corporate community engagement, their businesses are global in scope and many are international leaders in their fields. DBL Investors was the first seed investor in Revolution Foods and was part of the first institutional investors round at both Tesla and SolarCity.
Founded in 1870, Deutsche Bank is a global investment bank with a substantial private clients franchise. A leader in Germany and Europe, Deutsche Bank is continuously growing in North America, Asia and key emerging markets. The company has committed to making a contribution to environmental and climate protection by aiming to have all of its operative procedures climate neutral from 2013 onwards. Deutsche Bank joined INCR in 2008.
Founded in 1990 and headquartered in Pawtucket, RI, Domini Social Investments is a woman-owned and -managed company. It specializes exclusively in managing funds for individual and institutional investors who wish to integrate social and environmental standards into their investment decisions. Domini Social Investments joined INCR in 2008.
Founded in 1996, the Doris Duke Charitable Foundation's mission is to improve the quality of people's lives through grants supporting the performing arts, environmental conservation, medical research and the prevention of child abuse, and through preservation of the cultural and environmental legacy of Doris Duke's properties. Headquartered in New York, the foundation joined INCR in 2008.
Headquartered in Minneapolis, AWJ Capital Partners, LLC (“AWJ”) is an alternative investment manager with over 10 years’ experience seeking to provide absolute, risk adjusted returns for foundations, endowments, pension plans and religious institutions. AWJ is committed to incorporating ESG issues into its portfolio construction and manager selection process by recognizing ESG criteria as important elements in analyzing investment opportunities and risks. AWJ joined INCR in 2010.
EKO is an investment management and advisory firm that develops and implements innovative approaches to financing conservation and environmental sustainability. EKO structures investment vehicles and advises on transactions related to carbon, fisheries, green infrastructure and water. We do this by matching smart capital with people, projects, and companies that are poised to profit from new and emerging environmental markets (markets for carbon, water, and biodiversity). In doing so, EKO hopes not only to harness the power of capital markets and help allocate resources to their "highest and best" ecological use, but also to help preserve ecosystems for future generations.
Headquartered in London, F&C Asset Management (F&C) is a diversified investment management group, which traces its origins back to 1868. Operating in 11 countries, F&C is an independent group, listed on the London Stock Exchange and a constituent of the FTSE 250 Index. F&C manages money across all major asset classes, including equities, fixed income, property, sustainable investments and private equity funds. F&C joined INCR in 2008.
Since 1988, First Affirmative Financial Network LLC has managed investment portfolios for socially conscious investors. From it’s headquarters in Colorado Springs, Colo., First Affirmative directs investment capital toward businesses that offer solutions to some of the world's most pressing environmental and social challenges. First Affirmative helps clients invest in companies that contribute to a clean, healthy environment, treat people fairly, embrace equal opportunity, produce safe and useful products and support efforts to promote a more peaceful world. FAFN joined INCR in 2013.
Florida's Chief Financial Officer oversees the state's accounting and auditing functions and unclaimed property, monitors the investment of state funds and manages the deferred compensation program and risk management program for the state. Florida's Chief Financial Officer joined INCR in 2008.
Founded in 1943, the Florida State Board of Administration (FSBA) manages, invests and safeguards assets of the Florida Retirement System Trust Fund and other funds for the State of Florida and local governments. The FSBA joined INCR in 2008.
Headquartered in New York, Fred Alger Management, Inc. is an independent, privately-owned firm widely recognized as a pioneer of growth-style investment management. Founded in 1964, Fred Alger Management's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change. The firm joined INCR in 2008.
Headquartered in Philadelphia, the Friends Fiduciary Corporation (FFC) is a not-for-profit corporation working to provide organizations with high-quality financial services on a cost-effective basis. Founded in 1898, the FFC follows an investment philosophy guided by Quaker principles, reflecting a distinct awareness of important cultural and economic issues such as the environment, human rights, just wages, safe working conditions, good corporate governance and much more. FFC joined INCR in 2009.
Generation Investment Management LLP (GIM) is a London-based investment management firm with an investment style that blends traditional equity research with a focus on sustainability factors, including social and environmental responsibility and corporate governance. GIM was founded in 2004 by Al Gore, former U.S. vice president, and David Blood, former head of Goldman Sachs Asset Management. The firm is an independent, private, owner-managed partnership with offices in London, New York and Sydney. It joined INCR in 2008.
Headquartered in Boston, Green Century Capital Management is a family of environmentally responsible mutual funds. Green Century was founded by non-profit environmental advocacy organizations in 1991 and remains wholly owned by those organizations. It joined INCR in 2008.
The Illinois State Board of Investment has fiduciary responsibility for managing the pension assets of the General Assembly Retirement System, the Judges' Retirement System of Illinois and the State Employees' Retirement System of Illinois. It joined INCR in 2005.
Headquartered in London, Impax Asset Management is a leading investment manager dedicated to the environmental sector, with a focus on alternative energy, water and waste. Impax, which has been managing funds since 1998, has a track record of delivering excellent returns from both listed and private equity strategies for an extensive “blue chip” client list. The company joined INCR in 2009.
Founded in 1903, the International Brotherhood of Teamsters is a labor union in the U.S. and Canada. Headquartered in Washington, DC, the union now represents a diverse membership of blue-collar and professional workers in both the public and private sectors. It joined INCR in 2005.
Headquartered in New York, Jonathan Rose Companies is a green real estate policy, planning, development and investment firm. Founded in 1989 by Jonathan F.P. Rose as a mission-based practice, the firm is recognized for its ability to achieve visionary goals through practical strategies and affordable green urban solutions. Jonathan Rose Companies joined INCR in 2010.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with offices around the world. KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. The organization complements its investment expertise and strengthens interactions with fund investors through its client relationships and capital markets platform. For additional information, please visit KKR's website at www.kkr.com.
Founded in 1903 and headquartered in Washington, DC, the Laborers’ International Union of North America (LIUNA) is the most progressive, aggressive and fastest-growing union of construction workers, and one of the most diverse and effective unions representing public service employees. A half million strong, LIUNA's members are on the forefront of the construction industry – a sector that is a powerhouse of 12 million workers producing five percent of our countries’ economic output. LiUNA joined INCR in 2009.
Headquartered in Seattle, the Laird Norton Family Foundation funds programs that honor, support and reflect the philanthropic values of the Laird Norton family. The family’s collective philanthropy began in 1940 and has progressed to support charities and projects in the following four areas: climate change, global fundamentals, arts in education and watershed stewardship. The foundation joined INCR in 2008.
Landon Butler & Company (LBC) is an asset manager that sponsors and provides services to real estate investment vehicles developed to meet the needs of U.S. and foreign multi-employer, public employee, and corporate pension plans. LBC is affiliated with Bental Kennedy, a real estate investment advisor. Each LBC-sponsored product is structured to provide investors with transparency and full disclosure. LBC co-founded the Multi-Employer Property Trust (MEPT) in 1982. MEPT is an open-end, commingled real estate equity fund that invests in a diversified portfolio. Responsible Property Investing provides the framework for MEPT to mitigate and manage risk by incorporating environmental and socially-responsible governance practices into prudently managing real estate investments, including maximizing property level energy efficiency. MEPT is signatory to the United Nations Principles of Responsible Investment, and LBT reports annually on the Fund’s initiatives to meet the six PRI Principles as well as submitting data to the Global Real Estate Sustainability Benchmark (GRESB) for inclusion in GRESB’s annual survey. Landon Butler & Company joined INCR in 2013.
Legg Mason is a global asset management firm, with $678 billion in assets under management as of December 31, 2010. Headquartered in Baltimore, the company provides active asset management in many major investment centers throughout the world. Legg Mason joined as an INCR member in May 2011.
Founded in 1990, the Local Authority Pension Fund Forum brings together a diverse range of local authority pension funds to provide a unique opportunity for discussion of investment issues and shareholder action by Britain's local authority pension funds. The forum joined INCR in 2005.
Macroclimate LLC is a science-oriented asset management firm for socially-responsible very high net worth families. Adapting diversified investment portfolios to climate and carbon risk is a principal area of research. Macroclimate LLC also provides seed funding for innovative climate-related ventures in science communication, financial engineering and renewable energy technology. Macroclimate LLC joined INCR in 2012.
Since 1942, the Maine Public Employees Retirement System (MainePERS) has helped public employees prepare for retirement. The System's contributing members include teachers, state, county, and municipal employees, legislators, judges, and those who work for other public entities. In addition to our active members, many public sector retirees and their beneficiaries receive monthly benefits from retirement plans offered by MainePERS. The System also administers Disability Retirement, Group Life Insurance, and MaineSTART, a tax-deferred retirement savings program. Administration of these programs includes financial administration, investment retirement-related services provided to members, employers and retirees. MainePERS joined INCR in 2014.
Marshall Street Management supports the Fink family to pursue their personal goals and fulfill their purpose in life. We serve as a catalyst with the family to build sustainable, resilient, and adaptive communities. Through an integrated approach and collaboration we strive for the highest levels of integrity, compassion and innovation in all we do.
The Maryland State Retirement and Pension System (SRPS) administers death, disability and retirement benefits on behalf of more than 350,000 members. These include active and former state employees, teachers, state police, judges, law enforcement officers, correctional officers and legislators. Multiple employers define SRPS, with more than 100 local governmental agencies voluntarily participating. It joined INCR in 2008.
The Maryland State Treasurer is responsible for the prudent management and protection of state funds and property. The Treasury joined INCR in 2005.
The Massachusetts Office of the State Treasurer oversees duties for the state including cash and debt management, the State Board of Retirement, and the Pension Reserves Investment Management (MA PRIM) Board, which manages the state's Pension Reserves Investment Trust (PRIT), a pooled investment fund that invests the assets of the Massachusetts Teachers' and State Employees' System, and the assets of county, authority, district, and municipal retirement systems that choose to investment in the Fund. The MA Treasurer oversses collectively over $46 billion in assets. They joined INCR in 2011.
Mercy Investment Services is the socially responsible asset management program for the Sisters of Mercy and its ministries. Its program incorporates a multifaceted approach to socially responsible investing that includes corporate engagement, proxy voting, portfolio screening and community investments. Mercy Investment Services joined INCR in 2010.
MFS Investment Management® is a Boston-based global investment firm managing equity and fixed income assets for institutional and individual investors worldwide. Founded in 1924, MFS established one of the world’s first in-house fundamental research departments in 1932. Today, MFS offers a broad range of investment styles that combine fundamental equity research, quantitative solutions and credit expertise to pursue excess returns and manage risk. They joined INCR in 2013.
Headquartered in Woodstock, NY, Miller/Howard Investments is a boutique investment management firm with more than two decades of experience managing portfolios for major institutions, mutual funds and individuals in disciplined investment strategies. Founded in 1984, the firm works with consultants and investors nationwide to provide long-term wealth building and income-generating solutions. It joined INCR in 2010.
Mirova’s philosophy is based on the conviction that integrating sustainable development themes can generate solutions that create value for investors over the long term. This philosophy revolves around three convictions: the link between finance and the real economy by investing in companies with innovative business models, the value creation by identifying sustainable assets capable of delivering performance over the long term and lastly responsibility and engagement by becoming actively involved in improving corporate, business sector and financial practices. Mirove joined INCR in 2014.
Headquartered in Norwalk, Conn., MissionPoint Capital Partners is a private investment firm. Founded in 2006, MissionPoint Capital Partners' mission is to accelerate the transition to a low carbon economy by providing growth capital, knowledge and a broad network of relationships to companies focused on the clean energy, energy efficiency and environmental finance sectors. The firm joined INCR in 2009.
Founded in 1956, the National Union of Public and General Employees is a Canadian trade union, and the second largest union in Canada. The majority of its 340,000 members work in the provincial public service sector. The National Union of Public and General Employees' mission is to monitor provincial and federal labor laws and developments as well as analyze restructuring of social programs and public services. It joined INCR in 2008.
The New Mexico Office of State Treasurer performs two general functions: The Office manages banking services for state government, clearing and reconciling bank transactions, and it invests short-term funds. It is led by James B. Lewis, who has held the office longer than any other State Treasurer since statehood. New Mexico was one of the first state treasurer's offices to sign on to Ceres' 10-point Call for Action plan in 2003 advocating for the need to highlight financial risks posed by climate change, and spurring the creation of INCR. They joined INCR in 2011.
Founded in 1920 by the New York State Legislature, the New York City Employees’ Retirement System (NYCERS) has grown into the largest municipal public employee retirement system in the U.S. with more than 300,000 active members and retirees. Its members include civilian employees, such as clerical workers, accountants and social workers, and uniformed employees such as New York City Correction Officers and Sanitation Workers. Headquartered in Brooklyn, NY, NYCERS joined INCR in 2008.
The New York City Office of the Comptroller serves as the investment advisor to, custodian and trustee of the New York City Pension Funds. The New York City Pension Funds are comprised of the New York City Employees’ Retirement System, Teachers’ Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund and the Board of Education Retirement System. The Office of the Comptroller joined INCR in 2003.
The New York State Comptroller administers the New York State and Local Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers, among other duties. The Comptroller joined INCR in 2003.
Founded in 1921 by the New York State Legislature, the New York State Teachers' Retirement System (NYSTRS) is the second-largest public retirement system in the state and one of the 10-largest systems in the nation. Headquartered in Albany, NY, It serves nearly 286,000 active members and more than 141,000 retirees and beneficiaries. Eligible retirees are guaranteed a monthly benefit payment for life. NYSTRS joined INCR in 2005.
The North Carolina Department of the State Treasurer serves the people of North Carolina through a variety of functions related to the financial health of the state and its citizenry. The State Treasurer serves as the state’s banker and chief investment officer. It joined INCR in 2008.
The Oregon Office of the State Treasurer is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing all state bonds, serving as the central bank for state agencies and administering the Oregon 529 College Savings Network. The Treasury is managed like a business, striving to save taxpayers money and earn the highest possible return on investments. The treasury joined INCR in 2003.
Founded in 1984, Parnassus Investments is an independent and employee-owned investment management company. Headquartered in San Francisco, the ﬁrm seeks to invest in businesses that have sustainable competitive advantages, increasingly relevant products or services, quality management teams and ethical business practices. Parnassus Investments joined INCR in 2008.
Founded in 1971, Pax World Management Corp. is a recognized leader in the field of sustainable investing – the full integration of Founded in 1971 and headquartered in Portsmouth, NH, Pax World Management Corp. is a recognized leader in the field of sustainable investing – the full integration of environmental, social and governance (ESG) factors into investment analysis and decision-making. By supplementing traditional financial analysis with equally rigorous ESG analysis, Pax World Management Corp. takes into consideration factors other investment managers often ignore – environmental responsibility, safety management, corporate governance and other factors that can have a material effect on share price performance. It joined INCR in 2008.
The Pennsylvania Treasury Department's main goal is to to safeguard the Commonwealth’s financial assets. The treasury joined INCR in 2008.
Headquartered in Portland, Ore., Portfolio 21 is a global equity mutual fund that has been a pioneer in the field of social and environmental investing since its inception in 1982. Portfolio 21 is independent and majority owned by its employees, and designs investments to address the ecological risks and opportunities of the investment process in the 21st century. Portfolio 21 joined INCR in 2008.
Founded in 1980, Portico Benefits Services (formerly Evangelical Lutheran Church in America Board of Pensions) provides retirement, health and related benefits and services to enhance the well-being of those who serve through the Evangelical Lutheran Church in America and other faith-based organizations. Headquartered in Minneapolis, Portico joined INCR in 2008.
The Presbyterian Church (USA) is a major Protestant denomination with over 2.3 million members, and has been active in socially responsible investing for 35 years. The church joined INCR in 2005.
As a leading life insurer and asset manager, Prudential Financial believes that a healthy environment creates and preserves value for its customers, employees and investors – and that deteriorating environmental conditions pose unacceptable challenges to the quality of life and business. Headquartered Newark, New Jersy, and established in 1875, Prudential is dedicated to instilling the principle of environmental stewardship throughout its global businesses. Prudential joined INCR in 2009.
The Rhode Island Office of the General Treasurer's mission is to protect the state's assets through sound financial investments, to strengthen the state’s financial position, to assist families in investing funds for their children's higher education and to ensure Rhode Islanders receive superior service through all of the programs managed. The General Treasurer receives and disburses all state funds, issues general obligation notes and bonds, manages the investment of state funds and oversees the retirement system for state employees, teachers and some municipal employees. The Treasurer's office joined INCR in 2008.
Headquartered in Zurich, Switzerland, RobecoSAM USA, Inc. is an investment group focused exclusively on sustainable investing. Established in 1995, the firm’s offering comprises asset management, indexes and private equity. Its asset management capabilities include a range of single-theme, multi-theme and core sustainability investment strategies catering to institutional asset owners and financial intermediaries in Europe, the U.S., Asia-Pacific and the Middle East. Through its index activities, RobecoSAM USA, Inc. has partnered with Dow Jones Indexes for the publication and licensing of the globally recognized Dow Jones Sustainability Indexes (DJSI) as well as customized sustainability benchmarks. Furthermore, RobecoSAM USA, Inc. is the center of expertise for cleantech private equity within Robeco. RobecoSAM USA, Inc. joined INCR in 2009.
For the past 25 years, Rockefeller Asset Management has internally managed global equity and fixed-income strategies that have demonstrated strong performance over the long term. The firm manages a number of investment strategies, including socially responsive equity and global equity, structured as separately managed accounts and private investment vehicles. Rockefeller Asset Management's parent company, Rockefeller Financial, was established in 1882 and is a leading investment and wealth-management firm based in New York. It joined INCR in 2008.
Founded in 1940, the Rockefeller Brothers Fund (RBF) advances social change that contributes to a more just, sustainable and peaceful world. The RBF's grant-making is organized around three themes: Democratic Practice, Peace building and Sustainable Development. Headquartered in New York, it joined INCR in 2005.
Founded in 1856, SEB is one of Europe’s leading banks. As a relationship bank, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in 20 countries worldwide. With it's U.S. offices headquartered in New York, SEB joined INCR in 2011.
Founded in 1921, the Service Employees International Union (SEIU) is a labor union representing about 1.8 million workers in more than 100 occupations in the U.S., including Puerto Rico, and Canada. Headquartered in Washington, DC, SEIU is focused on organizing workers in three sectors: health care, public services and property services. The union joined INCR in 2003.
Sisters of Saint Dominic (Caldwell, NJ) is a community of vowed religious women who preach the word of God. They can often be found preaching in classrooms, child care centers and parenting sessions; corporate board rooms and shareholder meetings; and on the streets and on the internet, among other locations. The Sisters are committed to standing in solidarity with all those who advocate government policies, corporate practices and individual lifestyles that promote human dignity, economic and environmental justice and peaceable solutions to global problems. Sisters of Saint Dominic joined INCR in 2008.
Established in 1991, the role of the Stanford Management Company (SMC) is to invest and manage Stanford University's endowment and other financial assets. Our goal is to provide financial support for the continued strength of Stanford University. This requires balancing current needs and obligations with the opportunity to grow the endowment over time, through portfolio diversification and innovative approaches to investing.
SMC is a division of the University, governed by a Board of Directors who are appointed by the Board of Trustees of the Leland Stanford Junior University. SMC, as Stanford's endowment and trust fiduciary, plays an important role in building and maintaining a strong financial foundation to support the University's teaching, learning, and research mission. SMC joined INCR in 2014.
State Street Global Advisors (SSgA) is the investment management division of State Street Corporation. Headquartered in Boston and established in 1978, the company services financial clients by creating and managing investment strategies for non-profit foundations, businesses, corporations, associations, governments, educational institutions and religious organizations. In addition to institutional services, SSgA produces investment vehicles for the retail market in the United States, Europe, Asia and Australia. SSgA joined INCR in 2004.
Sustainable Insight Capital Management (SICM) was founded to enable investors to benefit from the transition to a resource-constrained economy. We believe today's most forward-thinking companies are responding to the challenges and opportunities created by population growth, natural resource scarcity, climate change, urbanization and globalization. Our research suggests that markets are inefficient and not accurately pricing securities to reflect these macro trends. Leaders who manage sustainability risks have historically demonstrated superior performance, more stable cash flows and delivered higher dividend growth over time. SICM commenced operations in February 2013. Our partners include The Kresge Foundation, a prominent family office from Palo Alto, and a seasoned investment management team. Presently, we are 15 people with offices in New York (headquarters), London and Sydney. SICM joined INCR in 2014.
Founded in 1864, Swarthmore College offers a liberal arts and engineering curriculum. The College is private, yet open to all regardless of financial need. It is also decidedly global in outlook, drawing students from around the world and all 50 states. Since its founding, the College has given students the knowledge, insight, skills, and experience to become leaders for the common good. In 1997, the College formed the Committee on Investor Responsibility as an advisory committee to the Board of Managers’ Investment Committee. Its primary responsibility is making recommendations on voting shareholder resolutions on social issues. The College has sponsored and co-sponsored shareholder resolutions.
Headquartered in New York, TerraVerde Capital Management is an investment management firm focused on investments through hedge funds that capitalize on high-growth developing opportunities throughout the renewable energy sector. Established in 2009, TerraVerde’s diversified portfolio of hedge fund strategies include alternative energy, environmental finance and many other sectors in the supply chain that reduce the carbon footprint and provide energy security. The firm joined INCR in 2010.
Founded in 1952 by Dorothy Bullitt, a prominent Seattle businesswoman and philanthropist, the Bullitt Foundation's mission is to safeguard the natural environment by promoting responsible human activities and sustainable communities in the Pacific Northwest. Its vision is to achieve a future that safeguards the vitality of natural ecosystems while accommodating a sustainable human population in healthy, vibrant, equitable and prosperous communities. The foundation joined INCR in 2008.
Founded in 1952, the Christopher Reynolds Foundation, Inc. is a private grant-making foundation. It supports innovative work towards international peace, disarmament, civil rights, racism as well as understanding relationships between citizens and institutions in the U.S. and Cuba. The Foundation joined INCR in 2009.
The Church Pension Fund, as the sponsor of pension plans for clergy and lay employees of the Episcopal Church, is interested in engaging as a shareholder with companies in our investment portfolio to address the risks associated with climate change. We would be working with The Domestic and Foreign Missionary Society of the Episcopal Church (DFMS), which is a member of Ceres, and envision collaborating with DFMS, INCR and its members to engage in dialogues with companies in our investment portfolios and submitting proxy resolutions if necessary to achieve the goals of these dialogues. The Church Pension Fund joined INCR in 2014.
Founded in 1993, the Lemelson Foundation is a private 501(c)(3) philanthropy that supports education, invention and innovation. In addition to nurturing inventors and supporting science and technology education in the U.S., the foundation has broadened its mission to include fostering technological innovation that drives economic and social improvements in developing countries. Headquartered in Portland, Ore., the foundation joined INCR in 2008.
The McKnight Foundation seeks to improve the quality of life for present and future generations through grantmaking, collaboration, and encouragement of strategic policy reform. Founded in 1953 and independently endowed by William and Maude McKnight, the Minnesota-based family foundation had assets of approximately $2 billion and granted about $86 million in 2014. Program interests include regional economic and community development, Minnesota’s arts and artists, early literacy, youth development, Midwest climate and energy, Mississippi River water quality, neuroscience research, international crop research, and community-building in Southeast Asia.
The Nathan Cummings Foundation was founded in 1949 and endowed by Nathan Cummings, founder of Consolidated Foods, now Sara Lee Corporation. Headquartered in New York, the foundation seeks to build a socially and economically just society that values nature and protects the ecological balance for future generations, promotes humane health care and fosters arts and culture that enriches communities. It gives solely to organizations in the U.S. and supports some programmatic work in Israel. The foundation currently manages $532 million in assets. It joined INCR in 2005.
Founded in 1956, the Needmor Fund is a family foundation whose mission is to work with others to bring about social justice. Headquartered in Toledo, Ohio, the Needmor Fund supports people who work together to change the social, economic or political conditions which bar their access to participation in a democratic society. The Needmor Fund joined INCR in 2008.
The Sustainability Group operates on the principle that investors can have a positive impact on people and the planet, while also making a profit. Founded 25 years ago by Amy Domini, a leader in the development of the sustainable investing field, the Sustainability Group is a long-term investor that buys well-managed, high-quality, growth-oriented companies that strategically manage environmental, social andgovernance issues. We are active investors that engage portfolio companies and policymakers to bring about a more sustainable economy. In addition, the Sustainability Group is one of the largest private client asset managers of community development investments, putting capital directly into the hands of those who need it most. The Sustainability Group of Loring, Wolcott & Coolidge joined INCR in 2014.
The mission of the University of Vermont's (UVM) Endowment Fund is to provide critical financial support for UVM on an annual basis. Gifts to the UVM Fund - regardless of size - are used to enhance the quality and rigor of academic programs, provide scholarships to students and attract world-class faculty members who teach and educate student scholars while conducting important research. UVM joined INCR in 2008.
Founded in 1986, the Vermont Community Foundation helps to build and manage charitable funds created by individuals, families, groups, organizations and institutions. Headquartered in Middlebury, Vt., the Foundation helps Vermont-focused philanthropists and organizations to learn, lead and grow. The foundation joined INCR in 2008.
Headquartered in New York City, TIAA-CREF (Teachers Insurance and Annuity Association - College Retirement Equities Fund) is a Fortune 100 financial services company and a leading provider of retirement benefits nationwide. Established in 1918, TIAA-CREF operates mostly on a nonprofit basis, with surplus returned to participants. TIAA-CREF has a long-standing commitment to socially responsible investing (SRI). Its SRI program combines three complementary strategies: social screening, shareholder advocacy and community investing. TIAA-CREF joined INCR in 2008.
Founded in 1982, Trillium Asset Management (Trillium) is the oldest independent investment advisor devoted exclusively to sustainable and responsible investing (SRI). Trillium integrates Environmental, Social, and Governance factors into the investment process as a way to identify the companies best positioned to deliver strong long-term performance. The firm leverages the power of stock ownership to promote social and environmental change while providing both impact and performance to investors. Trillium joined INCR in 2008.
The Trustees of Donations is a non-profit Episcopal corporation chartered by the Commonwealth of Massachusetts in 1810 to receive and manage the endowment assets of the Episcopal Diocese of Massachusetts (EDOM). It oversees a pooled investment vehicle called the Diocesan Investment Trust, one in which the EDOM, 144 affiliated parishes, and 11 Episcopal corporations participate. The Trustees of Donations to the Protestat Episcopal Church joined INCR in 2014.
Founded in January 2010, the UAW Retiree Medical Benefits Trust is dedicated to providing the retiree population coverage that preserves core benefits and assets of the Trust. It provides health care benefits for retired UAW members of General Motors, Ford and Chrysler, along with their eligible dependents. Currently, the Trust provides health care benefits to more than 860,000 persons. The Trust presently manages $52 bilion in assets. It joined INCR in 2011.
Headquartered in Boston, the Unitarian Universalist Association (UUA) is a religious organization that combines two traditions: the Universalists, who organized in 1793, and the Unitarians, who organized in 1825. The UUA joined INCR in 2008.
Headquartered in New York City, the United Church of Christ - Pension Boards operates the employee benefits systems for all settings of the United Church of Christ, including health, dental, and optical insurance, retirement annuity/pension systems, disability and life insurance and ministerial assistance programs. The United Church of Christ - Pension Boards joined INCR in 2008.
The General Board of Pension and Health Benefits is a not-for-profit administrative agency of The United Methodist Church, responsible for the general supervision and administration of the retirement, health and welfare benefit plans, programs and funds for more than 74,000 clergy and lay employees of the Church. The General Board is the largest faith-based pension fund in the U.S. and ranks among the top 100 pension funds in the country. As a socially responsible investor, the General Board is actively involved in shareholder advocacy, proxy voting, portfolio screening and community investing. It joined INCR in 2005.
Headquartered in San Bruno, Calif., VantagePoint Capital Partners' goal since 1996 has been to fund transformative companies. VantagePoint boasts its own internal CleanTech investment team, one of the largest and most qualified in the industry. Members of the team encompass a broad array of industry luminaries and experts in their fields, including solar, transportation, energy storage, power management, Smart Grid, biofuels, materials, water and more. VantagePoint joined INCR in 2010.
Veris Wealth Partners is a national sustainable wealth management firm dedicated to aligning families’ and foundations’ financial objectives with their mission and values. We structure fully-diversified portfolios that aim to catalyze social and environmental transformation while bringing rigor and discipline to the investment process. We believe this approach represents today’s most sophisticated investment thinking and guides our process of identifying superior investment and impact opportunities for our clients. Veris Wealth Partners is an independent, owner-managed, SEC registered investment advisory firm with offices in New York, San Francisco, and Portsmouth. Veris joined INCR in 2009.
The Vermont State Treasurer's Office is responsible for a wide range of administrative and service duties as prescribed by state statute, including investment of state funds, issuing all state bonds authorized by the General Assembly and serving as the central bank for state agencies, among other responsibilities. The State Treasurer joined INCR in 2003.
Headquartered in Boston, Walden Asset Management has been a leader in socially responsive investing since 1975, managing clients' assets to meet both their unique financial and environmental, social and governance (ESG) objectives. Walden serves a unique community - investors who seek wise stewardship of their assets and positive social impact. The firm joined INCR in 2008.
Wall Street Associates (WSA) is an employee-owned, registered investment advisor based out of La Jolla, California. Since 1987, they have managed growth portfolios primarily invested in domestic equity securities for institutional investors and private clients. Their investment team members are sector specialists leveraging industry-specific knowledge and analysis in selecting the best companies for each of their products. WSA's Global Environmental Efficiency Portfolio is an all-cap growth portfolio of public equities that are improving the efficiency in the transportation and electric power sectors, without reliance on government subsidies. WSA joined INCR in 2013.
Founded in 1981 under Chapter 43.33A of the Revised Code of Washington, the Washington State Investment Board is a small agency with a staff of 79 employees who work in three divisions- Investments, Operations and Public Affairs. The WSIB’s executive director is appointed by the Board to oversee the staff, develop and recommend agency and investment policies for Board adoption and ensure adherence to state policies and laws. WSIB joined INCR in 2009.
The Washington State Treasurer is responsible for the safety and security of state tax dollars — now and in the future. The Treasurer's office joined INCR in 2009.
Headquartered in New York, Water Asset Management, LLC is a global equity investor in public and private water-related companies and assets. Those include regulated water and wastewater utilities, water infrastructure companies, water test and measurement equipment, water treatment technologies and water resources, such as water rights, storage and effluent credits. Water Asset Management LLC combines investment management with industry operating and capital commitment experience. The firm joined INCR in 2009.