The Divestment Question: Focus on Governance

Divestment is a complex decision, especially when passionate voices are actively seeking to influence change, take an ethical investing stance, and/or ensure that the capital of the institution they care about does not fund or profit from a cause or actions they oppose. This paper by Cambridge Associates offers considerations for how to manage calls for divestment and raises questions that need to be answered to respond clearly and effectively to divestment requests. It further frames a decision-making process that focuses on governance to enable an institution to achieve something that feels untenable—a roadmap for action (or not).