Overall Rating Silver
Overall Score 46.39
Liaison Laura Draucker
Submission Date March 1, 2019
Executive Letter Download

STARS v2.1

Amherst College
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.10 / 4.00 Laura Draucker
Director of Sustainability
Office of Environmental Sustainability
"---" indicates that no data was submitted for this field

Does the institution wish to pursue Option 1 (positive sustainability investment)?:
Yes

Total value of the investment pool:
2846052000 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 43459000 US/Canadian $
Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy) ---
Sustainability investment funds (e.g. a renewable energy or impact investment fund) ---
Community development financial institutions (CDFIs) or the equivalent ---
Socially responsible mutual funds with positive screens (or the equivalent) ---
Green revolving loan funds that are funded from the endowment ---

A brief description of the companies, funds, and/or institutions referenced above:

The College invests in funds that make environmentally sustainable investments, including renewable energy and clean tech investments. In addition, the College invests in timber funds that are FSC (Forest Stewardship Council) Certified.


Percentage of the institution's investment pool in positive sustainability investments:
1.53

Does the institution wish to pursue Option 2 (investor engagement)?:
Yes

Does the institution have a publicly available sustainable investment policy?:
No

A copy of the sustainable investment policy:
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The sustainable investment policy:
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Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

A brief description of how the policy is applied, including recent examples:

The College’s Investment Policy Statement incorporates consideration of environmental risks as one of the criteria used to evaluate existing and prospective managers.


Has the institution engaged in proxy voting, either by its CIR or other committee or through the use of guidelines, to promote sustainability during the previous three years?:
Yes

A copy of the proxy voting guidelines or proxy record:
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A brief description of how managers are adhering to proxy voting guidelines:

Staff will research and solicit recommendations on various proxy issues in accordance with socially responsible and sustainable investing practices to consider in making a final vote on individual proxies. Amherst College will generally support reasonable and well-constructed shareholder resolutions seeking company disclosure of greenhouse gas emissions, analyses of the impact of climate change on a company’s business activities, strategies designed to positively influence the company’s long-term impact on the global climate, and company support of sound and effective governmental policies on climate change.

The College uses the voting rights attached to the shares of companies in which it invests to promote the principles of sustainable and responsible investment, utilizing research from ISS for all proxies before casting votes to align with these principles.


Has the institution filed or co-filed one or more shareholder resolutions that address sustainability or submitted one or more letters about social or environmental responsibility to a company in which it holds investments during the previous three years?:
No

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
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Does the institution have a publicly available investment policy with negative screens?:
No

A brief description of the negative screens and how they have been implemented:
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Approximate percentage of the endowment that the negative screens apply to:
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Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
Yes

A brief description of the investor networks and/or collaborations:

The College is a member of the Investor Network on Climate Risk (INCR), an investor network managed by CERES. As part of its involvement with the INCR, the College has supported two letter writing initiatives: one to the finance ministers of the Group of Seven in support of a long-term global emissions reduction goal and one in support of the White House’s proposal to reduce methane emissions from the oil and gas industry by at least 45% below 2012 levels by 2025.


The website URL where information about the programs or initiatives is available:
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Additional documentation to support the submission:
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The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.