UW Faculty Senate Approves Climate Divestment and Procurement Resolution

This resolution was approved by the Faculty Senate on March 1, 2021:

the University of Wisconsin-Madison Faculty Senate urges the University of Wisconsin Foundation to disclose its fossil fuel assets and investments for the purpose of full transparency for faculty, academic staff, students, donors, alumni and the citizens of the state;
Be it ALSO resolved that the University of Wisconsin-Madison Faculty Senate urges the
University of Wisconsin Foundation to establish a clear plan and timetable to fully divest from
fossil fuel investments as well as to develop a fossil-free alternative for donors;
Be it FURTHER resolved that the University of Wisconsin-Madison should assess and publish
the carbon footprint of its procurement process and develop and implement a plan to make all
procurement processes under University of Wisconsin-Madison’s discretionary control carbon
neutral within five years;
Be it FURTHER resolved that the University of Wisconsin-Madison should work with UW-Madison purchasing units and the UW-Madison Office of Sustainability to

• assess available opportunities for carbon reduction in its procurement processes,
• develop a plan to reduce embodied carbon as much as possible using the discretionary
procurement processes available to University of Wisconsin-Madison, and
• publish this assessment and plan within two years;

Be it FURTHER resolved that the University of Wisconsin-Madison Faculty Senate urges the
University of Wisconsin Foundation to join the Financial Stability Board’s Task Force on
Climate-Related Financial Disclosures [1]18 (or comparable professional organization) to
develop

• disclosure mechanisms for the Foundation’s governance and strategy around climate related risks and opportunities,
• procedures for identification, assessment, and management of climate-related risks, and
• metrics and targets used to assess and manage relevant climate-related risks and
opportunities where such information is material.

Read the full article at: https://kb.wisc.edu/images/group222/shared/2021-03-01FacultySenate/2928RevClimateDivestmentandProcurementResolutionrev2.pdf