May 29, 2023
Sustainable investing: The why – Crain’s Cleveland Business

Sustainable investing: The why – Crain’s Cleveland Business

The MetroHealth Foundation seeks to support The MetroHealth System by developing philanthropic resources and relationships to advance MetroHealth’s goals of health, healthy communities and health equity for all.

One way in which we deliver on our mission is through our financial impact. Over the last year, we have taken a deeper look at how we can align our investments with our mission. As a health care provider, we see first-hand the negative impact of things like tobacco, firearms and climate change on the well-being of individuals and communities.

We partnered with our investment adviser, Clearstead, to incorporate sustainable investing into our investment program.
First, we conducted basic education on the topic of sustainable investing to our Finance and Investment Committee.

Committees can have varying opinions and attitudes, and it was important to make sure that everyone understood the topic.
Second, we discussed our investment objectives and how to emphasize key areas of our mission.

Third, we focused on ways to incorporate both exclusionary and inclusionary approaches. This included negative screens for areas like tobacco and firearms, as well as positive screens toward securities that score well from their environmental, social and governance practices.


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