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PSU $4.6Bn Endowment Aims for Net-zero Emissions (Ind. Report)
Penn State University
Date: 2021-04-09
In the Keystone State, the Penn State University Office of Investments has announced it will eliminate greenhouse gas emissions associated with underlying investments, but not necessarily divesting fossil fuels, in Penn's $4.6 billion endowment by 2050.

The goal supports efforts outlined in the 2015 Paris Agreement and the United Nations' Intergovernmental Panel on Climate Change to reduce the world's net anthropogenic emissions to zero by 2050. This announcement builds upon Penn State's annual Climate and Sustainability Action Plan 3.0 report, released on Dec. 1, 2020, which summarized the University's latest progress in environmental sustainability made from 2019 to 2024 with a commitment to achieve a 100 pct carbon-neutral campus by 2042.

Penn State has reduced its overall carbon emissions by 37.2 pct since 2009 and "greened" its physical footprint with 27 buildings achieving US Green Building Council LEED certification, 34 buildings having green roofs, and 14 acres of open space having been added through the creation of Penn Park. In 2020, the University signed a Power Purchase Agreement (PPA) for the construction of two new solar energy facilities which will offset 75 pct of both the academic campus and the University of Pennsylvania Health System's electricity consumption through renewable energy. (Source: Penn State University, PR, The Pennsylvanian, Apr., 2021) Contact: Penn State University, 814-865-6528, www.bursar.psu.edu/endowments

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