You can hear the sounds of new construction from just about any point on Sterling College’s bucolic Vermont campus. With evidence and enthusiasm on the side of divestment, schools like Harvard may need to rethink their portfolios. The school’s president, Matthew Derr, said that Sterling had a relatively small percentage of its investments in fossil fuel companies. “We’re a values-driven school and we believe in leading by doing,” says Todd Kilburn, the school’s chief financial officer. Ultimately, “The incremental risk of divesting is really, really minimal,” says Liz Michaels, director of environmental, social, and governance investing and socially responsible investing at the Aperio Group, a firm based in Sausalito, California, which specializes in hand-picking stocks for investors.