Overall Rating Gold
Overall Score 71.29
Liaison Holly Andersen
Submission Date March 30, 2022

STARS v2.2

Bennington College
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 1.50 / 2.00
"---" indicates that no data was submitted for this field

Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:

The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:

The College has adapted the use of environmental, societal, and governance scores (ESG) in the investment selection process. Further, no private equity investments have been made as the opportunities reviewed to not meet the College's standards for socially responsible investing. In November 2020, the College held open forums for students, faculty, and staff to reconsider the form of socially responsible investing that the College had adopted previously. These sessions confirmed that the community continued to support the use of ESG factors in the investment selection process. The College intends to do this periodically to get the input of the College community on the investments and the endowment.

Does the CIR include academic staff representation?:

Does the CIR include non-academic staff representation?:

Does the CIR include student representation?:

Members of the CIR, including affiliations and role:

Ellen Safir, board member and chair of the committee, Suzanne Brundedge, board member, Laura Walker, President of Bennington College, Bill Derrough, board member, Michael Heht, Board Member, Charlene Schwartz, Board member, John Sheldon, Alumni, Jim Simon, board member, Nick Stephens, board president. There are always two recent graduates appointed to the board.

Examples of CIR actions during the previous three years:

1. Engaging students with the selection of a new endowment manager with experience in socially responsible investing. Students participated in drafting of the request for proposal, as well as the evaluation of firms interviewed.
2. Engaging with the College community with the adoption of ESG as a the preferred variant of socially responsible investing.
3. Evaluation of private equity opportunities with an eye toward socially responsible investing.
4. Re-evaluation of the original ESG decision with input from students and all of the College community which is currently under way.

Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:

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.