Overall Rating Silver
Overall Score 53.82
Liaison Holli Fajack
Submission Date Jan. 29, 2021

STARS v2.2

California State University, Long Beach
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 2.00 / 2.00 Christopher Reese
Assoc Vice Pres, Advancement Operations/Gov Rel
University Relations & Development (URD)
"---" 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:

49er Foundation
The Finance and Investment Committee of the 49er Foundation has the following charge: Consider and make recommendations to the Board on matters relating to the Corporation’s finances, not assigned to the Audit Committee, including investments, endowment spending policies, budget, and risk management; and establish guidelines within which investment managers must operate; monitor adherence to and performance under those guidelines; and make periodic reports to the Board.

Per the Socially Responsible Investment Policy, The 49er Foundation endeavors to be a good corporate citizen and responsible investor by considering environmental, social, and governance practices of the corporations in which it is invested. As an overarching goal, the 49er Foundation seeks to invest in well-managed corporations providing beneficial goods and services that align with the University’s values of diversity, sustainability, and innovation. It further values business practices that support safe and supportive work environments, builds employment opportunities, demonstrates innovation in environmental protection, and benefit the disadvantaged including charitable giving and inclusion efforts. These practices can enhance the financial performance security and long-term sustainability of these corporations. As such, the 49er Foundation encourages its Outsourced Chief Investment Officers (OCIO) and investment managers to incorporate ESG analysis in the review of investment risk and opportunities. Recognizing that the 49er Foundation generally invests in funds, rather than individual companies, the Board of Directors will review any concerning investments held within funds.

Associated Students, Incorporated (ASI)
The Board of Control develops and recommends to the AS Senate policy in the areas of finance, human resources, and the administration of business affairs between the Associated Students and other parties. The Board also prepares and recommends to the AS Senate the annual operating budget of ASI. After the annual budget has been approved, the Board of Control is responsible for monitoring and recommending modifications to the budget. All action of the Board of Control is subject to AS Senate approval.

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:

49er Foundation Finance & Investment Committee
Kathleen Hansen – Finance & Investment Committee Chair, Alumni
Scott Apel – Chief Financial Officer of 49er Foundation, CSULB Vice President of Administration & Finance
Michele Cesca – Chief Executive Officer of 49er Foundation, CSULB Vice President of University Relations and Development
Marilyn Bohl – Board Member
Lea Gerber – Board Member
Robert H. Murphy – Board Member, Alumni
Robert Summers – Board Member
Christopher Reese – Secretary of 49er Foundation, CSULB Associate Vice President of Advancement Operations and Government Relations
Taryn Williams – CSULB Student Representative
John Shadden – Outside Chief Investment Officer
Tracey Richardson – CSULB Associate Vice President of Financial Management
Maureen O’Brien – CSULB University Controller

ASI Board of Control
Dr. Surajit Roy, CSULB Faculty Representative
Tracey Richardson, CSULB President’s Designee
Adrianna Andrade, Treasurer
Omar Prudencio Gonzalez, President
Maythe Alderete Gonzalez, ASI Vice President
Jesus Gonzalez, ASI Senate Representative
Sumaiyah Hossain, ASI Senate Representative
Trace Camacho, CSULB Student Affairs Representative’s Designee
Dr. Miles Nevin, ASI Executive Director
Martiz Ware, ASI Director, Administrative Services

Examples of CIR actions during the previous three years:

49er Foundation
The Committee is responsible for approving spending policies and annual distribution rates. The Board adopted an environmental, social, and governance (ESG) investment strategy, which dictates that 5% of the investment pool be invested in funds that have been positively screened for ESG criteria.

ASI Board of Control
ASI adopted an investment policy that requires investment managers to adhere to specific social, environmental, and ethical criteria outlined in the policy.

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

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