New School (New York, N.Y.). Advisory Committee on Investor Responsibility (2009-)
Dates
- Existence: 2009-
- Usage: 2009-
Biography
The Advisory Committee on Investor Responsibility (ACIR) of The New School was established in 2009 by The New School Board of Trustees in response to the student occupation of The New School campus building at 65 Fifth Avenue, a week-long protest event in the Fall of 2008 which was centered in part on The New School’s investment in the defense industry.
The mission of the ACIR is:
to develop strategies for incorporating consideration of social, environmental, and corporate governance (collectively "ESG") issues into the management of The New School's investments. Issues under consideration include but are not limited to: human rights, labor standards, environmental sustainability, equity, diversity, discrimination, and corporate governance and disclosure. Authorized by the university Board of Trustees’ policy and procedures on Investment Responsibility, the ACIR presents recommendations on ESG issues that arise in the management of the university's endowment to the Investment Committee of the Board of Trustees.
The Committee is constituted of two faculty members, two student members, two staff members, and two university trustees, and members vote on New School investment recommendations. As of 2022, the Committee was chaired by Charles H. Allison, Jr., associate professor of professional practice at the Milano School of International Affairs, Management, and Urban Policy at The New School for Public Engagement.