Overall Rating Silver
Overall Score 52.54
Liaison Becky Haney
Submission Date Feb. 26, 2020

STARS v2.2

Calvin University
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 0.25 / 3.00 Andrew George
Director of Human Resource Services
Human Resources
"---" indicates that no data was submitted for this field

Total value of the investment pool:
248,139,767 US/Canadian $

Value of holdings in each of the following categories:
Value of holdings
Sustainable industries (e.g., renewable energy or sustainable forestry) 36,841.14 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 25,357.96 US/Canadian $
Socially responsible mutual funds with positive screens (or the equivalent) 0 US/Canadian $
Green revolving funds funded from the endowment 0 US/Canadian $

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

Sustainable industries (e.g. renewable energy or sustainable forestry)
CINR- mining and production of environmentally friendly natural soda ash. $14,891.52 (0.69%)
CPK- sustainable energy provider. $21,949.62 (1.01%)
NWN- distribution of natural gas. $22,865.50 (1.06%) (excluded from STARS total)
Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy)
N/a
Sustainability investment funds (e.g. a renewable energy or impact investment fund)
N/a
Community development financial institutions or the equivalent
HTGC- provides loans to companies invested in sustainable and renewable energy industries.$25,357.96 (1.17%).
Socially responsible mutual funds with positive screens (or the equivalent)
N/a
Green revolving loan funds that are funded from the endowment
N/a
Note from Fernando Vigil 11.24.2019


Percentage of the institution's investment pool in positive sustainability investments:
0.03

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

A copy of the sustainable investment policy:
---

The sustainable investment policy:
---

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

A brief description of how the sustainable investment policy is applied:

From the Investment Policy Statement:
"Investment opportunities that optimize market rates of return are of primary duty and will be pursued. Whenever possible, investments that provide for tracking and reporting of positive social or environmental outcomes should be considered and pursued. The Investment Committee shall continue to review investments that meet these criteria and will maintain best efforts to continue education as investment opportunities which track positive outcomes which emerge in the investment field."


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?:
No

A copy of the proxy voting guidelines or proxy record:
---

A brief description of how managers are adhering to proxy voting guidelines:
---

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:
---

Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
No

A brief description of the divestment effort or negative screens and how they have been implemented:
---

Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
0

Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
No

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

Website URL where information about the institution’s sustainable investment efforts is available:
---

Additional documentation to support the submission:
---

The actively managed investment pool reported above is made up predominantly of the Endowment funds and the Tuition Gift Certificate Fund. The figure above includes the Endowment Funds only and was obtained from the IPEDS report.

Information on sustainability investment comes from Fernando Vigil and Annah Blake.

Total value of investment pool is greater than PRE 4, to include PRE 4 endowment numbers and other investments.

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.