| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 55.57 |
| Liaison | Lacey Raak |
| Submission Date | May 20, 2019 |
| Executive Letter | Download |
California State University, Monterey Bay
PA-9: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
0.33 / 4.00 |
Lacey
Raak Sustainability Director Campus Planning and Development |
"---"
indicates that no data was submitted for this field
Option 1: Positive Sustainability Investment
No
Total value of the investment pool:
18,500,000
US/Canadian $
Value of holdings in each of the following categories:
| Value of Holdings | |
| Sustainable industries (e.g. renewable energy or sustainable forestry) | 0 US/Canadian $ |
| Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy) | 0 US/Canadian $ |
| Sustainability investment funds (e.g. a renewable energy or impact investment fund) | 0 US/Canadian $ |
| Community development financial institutions (CDFIs) or the equivalent | 0 US/Canadian $ |
| Socially responsible mutual funds with positive screens (or the equivalent) | 0 US/Canadian $ |
| Green revolving loan funds that are funded from the endowment | 0 US/Canadian $ |
If any of the above is greater than zero, provide:
---
Percentage of the institution's investment pool in positive sustainability investments:
0
Option 2: Investor Engagement
Yes
Sustainable Investment Policy
Yes
None
A copy of the sustainable investment policy:
None
The sustainable investment policy:
SOCIALLY RESPONSIBLE INVESTING POLICY
I. Introduction
The Board of Trustees of the California State University adopted resolution RFIN 7-78-6 regarding Social Responsibility and Investments. This resolution urges auxiliary boards that make corporate investments to issue statements of social responsibility and to follow those precepts in examining past and considering future investment policies.
II. Policy
The Foundation Board of Directors recognizes and accepts its social responsibility with respect to the investment of funds. However, recognizing the increasingly complex nature of the contemporary economic world and the trade-offs that need to be made given the Foundation’s current asset size, the Foundation will be guided by the following practical considerations about investment decisions:
1. The primary fiduciary responsibility in investing and managing the Foundation’s economic assets is to maximize the financial return on those resources, taking into account the amount of risk appropriate for the assets.
2. The Foundation shall not attempt to achieve absolute “purity” in its investment portfolio nor spend scarce resources searching for problems in the investment portfolio. However, those examples brought the Foundation’s attention will be analyzed as carefully and objectively as possible.
3. It is recognized that investments in pooled funds, which the Foundation may select for diversification or cost management purposes, cannot be controlled or modified. The Foundation shall carefully consider possible social concerns pertaining to investments within pooled funds; however, the Foundation must balance the cost associated with correcting ethical concerns relative to its overall financial objectives.
III. Adoption and Review
A. The Foundation Board of Directors has adopted this Socially Responsible Investing Policy, dated April 2011.
B. The Investment Committee of the Foundation Board of Directors will review this policy five years from its adoption date to determine its effectiveness and appropriateness. The policy may be evaluated before that time as necessary to reflect
Socially Responsible Investing Policy
Page 2 of 2 Rev. A April/2011
substantial organizational, financial, or physical change(s) at the Foundation or any change required by law or by other governing policy.
C. Any proposed amendments or variations of this policy would require a majority approval by the Foundation Board of Directors.
IV. Related Documents
California State University Board of Trustees Resolution RFIN 7-78-6
None
Does the institution use its sustainable investment policy to select and guide investment managers?:
No
None
A brief description of how the policy is applied, including recent examples:
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Proxy Voting
No
None
A copy of the proxy voting guidelines or proxy record:
---
None
A brief description of how managers are adhering to proxy voting guidelines:
---
Shareholder Resolutions
No
None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
---
Negative Screens / Divestment Efforts
No
None
A brief description of the negative screens and how they have been implemented:
---
None
Approximate percentage of the endowment that the negative screens apply to:
0
Investor Networks
No
None
A brief description of the investor networks and/or collaborations:
---
Optional Fields
Additional documentation to support the submission:
---
Data source(s) and notes about the submission:
This data is not clearly available and managed primarily through the CSU system.
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 or simply email your inquiry to stars@aashe.org.