Overall Rating Reporter
Overall Score
Liaison Stephanie Corbett
Submission Date March 1, 2024

STARS v2.2

Case Western Reserve University
PA-10: Sustainable Investment

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

Part 1. Positive sustainability investment

Total value of the investment pool:
1,985,766,600 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) 73,839,255 US/Canadian $
Community development financial institutions (CDFIs) or the equivalent 0 US/Canadian $
Socially responsible mutual funds with positive screens (or the equivalent) 56,242,352 US/Canadian $
Green revolving funds funded from the endowment 0 US/Canadian $

If any of the above is greater than zero, provide:

A brief description of the companies, funds, and/or institutions referenced above:
ETF that was selected for ESG factors as a part of CWRU's global equity asset class and an active manager who selects stocks based on a variety of ESG factors.

Percentage of the institution's investment pool in positive sustainability investments:
6.55

Part 2. Investor engagement

Sustainable investment policy 

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

None
A copy of the sustainable investment policy:
---

None
The sustainable investment policy:
---

None
Does the institution use its sustainable investment policy to select and guide investment managers?:
No

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

Proxy voting 

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

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 

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:
---

Divestment efforts and negative screens

Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
Yes

A brief description of the divestment effort or negative screens and how they have been implemented:
Yes, CWRU committed to divestment from all public and private energy holdings. The Pooled Endowment is prohibited from making any new investments in any company or fund whose primary business is in the exploration or extraction of fossil fuels, including all forms of coal, oil or natural gas. CWRU will roll off all public and private investments in fossil fuel as soon as it is prudent and financially responsible. Although the stated goal is for the Pooled Endowment to achieve full elimination of fossil fuels, some commingled investments/indices may contain immaterial amounts of fossil fuel exposure. The investment staff will prudently evaluate these managers/funds on a case-by-case basis.

Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
100

Investor networks 

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

None
A brief description of the investor networks and/or collaborations:
---

Optional Fields 

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

Additional documentation to support the submission:
---

Data source(s) and notes about 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 or simply email your inquiry to stars@aashe.org.