Commonfund’s Commitment to Corporate Responsibility

Since our founding in 1971, our mission has been to enhance the financial resources of our clients by delivering exceptional performance, service, and insight.

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corporate-responsibility

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A+
2020 PRI score*

Data as of March 31, 2021
*Commonfund 2020 PRI Assessment Report. Rating for 01. Strategy & Governance (29 stars out of a possible 30 stars from 10 indicators). Bands range from “A+” (top band) to “E”(lowest band).

Responsibility You Can See

At Commonfund, our employees are our greatest asset. As a non-profit organization, we work together to make a difference in the lives of our clients and the communities they serve. Our team integrates environmental, social, and governance considerations into each step of our process. Since our founding in the 1970s, Commonfund has been a leader among institutional investors when it comes to integrating responsible practices into our firm.

Responsible Investing

Putting Commitment into Action

RESPONSIBLE INVESTING

THOUGHT LEADERSHIP

COMMONFUND @ WORK

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Commonfund is cognizant of the challenges associated with sustainable
investment, including data collection, consistency and measurement. Yet, we
remain committed to a three-part sustainability investment process that integrates ESG into the investment process, aligns the portfolio with the mission and accelerates change in communities.

From Commonfund’s earliest days a central element in its mission has been thought
leadership, promulgation of best practices and professional development. A portion of the grant that founded Commonfund was set aside for a program of research and publishing and under the aegis of the Institute, we have greatly expanded our educational and professional development activities. 

At Commonfund, employees are our greatest asset. We strive to attract talent from the broadest pool to foster innovative thinking and unique points of view. Promoting a welcoming and safe environment have always been a priority, but recent events have surfaced news ways of affirming our commitment to our people and our communities.

Investment decisions on portfolio construction are team-based and led by our chief investment officer. Our investment committee reviews client portfolios monthly to determine and approve investment strategies, portfolios, products, and the investment managers needed to construct each portfolio. This team evaluates performance at the strategy, fund, manager, and client portfolio level, while also monitoring client investment restrictions, fund liquidity, and fund leverage. Manager research, due diligence, and selection is the broader responsibility of the 62-person investment team.

Climate Action Pursuit

Commonfund is proud to sponsor the 2021 Climate Action Pursuit: A brand new, and unique concept building on the progress of the last three Higher Education Climate Leadership Summits.  Led by Second Nature and the Intentional Endowments Network (IEN), the Pursuit is a series of milestone check-in points throughout 2021 focused on learning, planning, acting, and leading on equity and climate on our campuses, in our communities, and across our society and economy.  It will be 100% virtual.  More…

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A Message from Our President

The year 2020 was always destined to be challenging as investors wondered how much longer the global economy could continue to expand. And, indeed, it turned out that economic expansion did end, only not in ways that we would have anticipated. The issue of social justice—injustice, in reality—exploded with clear and disturbing focus. In addition, the human consequences of a global pandemic emerged as a stark and painful reality. Unfortunately, these two sicknesses combined to ravage our society.

In light of these challenges, it is all the more important for institutions and organizations to take actions to address the larger needs and aspirations of people the world over. For Commonfund this is a priority; we seek not just to behave responsibly but to serve as a role model and active leader in thought and action. /p>

DIVERSITY AND INCLUSION

CORONAVIRUS RESPONSE

In 2018, Commonfund established its Diversity and Inclusion Office (DIO) to address the issue of social injustice and the opportunity to build diversity in our organization and beyond.
And in 2020, we became a signatory to the 2020 Belonging Pledge—A Commitment to Advance Racial Equity sponsored by the Confluence Philanthropy. The pledge recognizes that racial equity belongs throughout the investment process and that change can occur with commitment, goals and measurable benchmarks.

We cancelled our annual Commonfund Forum in early March and repurposed our Forum content for our website and used a range of digital media to deliver information and insights designed to help nonprofits deal with the unprecedented financial and management challenges presented by COVID-19.  Within Commonfund, in early March we closed all five of our worldwide offices and shifted to working remotely in response to the pandemic.

Commonfund Diversity, Equity and Inclusion (DEI) Office

The mission of the DEI office is to intentionally promote and foster inclusion and equity across Commonfund and our investment process, thought leadership, and professional and organizational development. We strive to:

Foster the inclusion of diverse managers within investment portfolios; Promote thought leadership, focusing on the importance of diversity and inclusion; Serve as the central clearinghouse for information on diversity and inclusion in the asset management industry, and; Provide firm-wide opportunities for professional and organizational development.

Read our policy.

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We are proud to be a part of an organization where corporate responsibility and sustainability are the cornerstones for everything we do. We are committed to strengthening our culture and creating more responsible practices.