Overall Rating Gold - expired
Overall Score 83.20
Liaison Maddie LoDico
Submission Date Nov. 5, 2018
Executive Letter Download

STARS v2.1

Colby College
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 0.34 / 4.00 Nicole Trufant
Vice President and CFO
Academic and Administrative Vice President's Office
"---" indicates that no data was submitted for this field

Option 1: Positive Sustainability Investment 

Does the institution wish to pursue Option 1 (positive sustainability investment)?:
Yes

Total value of the investment pool:
775,000,000 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 500,000 US/Canadian $

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

A brief description of the companies, funds, and/or institutions referenced above:
The Board of Trustees designate $500,000every year for Facilities to use on energy efficiency projects projects. Any incentives or rebates achieved from these projects are returned to the fund to be re-invested in more energy savings initiatives. Colby uses this method of sustainable investment to incorporate sustainability into every decision as a part of regular course of business, thus allowing for investment in sustainability for capital projects that may have a higher initial cost than one that did not incorporate sustainability measures into its design. There is also an option for Colby Fund donors to choose to contribute directly to environmental programs and initiatives.

Percentage of the institution's investment pool in positive sustainability investments:
0.06

Option 2: Investor Engagement 

Does the institution wish to pursue Option 2 (investor engagement)?:
Yes

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?:
---

None
A brief description of how the policy is applied, including recent examples:
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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?:
---

None
A copy of the proxy voting guidelines or proxy record:
---

None
A brief description of how managers are adhering to proxy voting guidelines:
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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

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 

Does the institution have a publicly available investment policy with negative screens?:
Yes

None
A brief description of the negative screens and how they have been implemented:
Beginning in October 2006, the Board of Trustees instituted investment policies related to direct investments in companies doing business in Sudan. The College maintains a no-purchase list that is provided to the College’s managers.

None
Approximate percentage of the endowment that the negative screens apply to:
20.30

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?:
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None
A brief description of the investor networks and/or collaborations:
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Optional Fields 

The website URL where information about the programs or initiatives is available:
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Additional documentation to support the submission:
Endowment-Annual-Report-2016-17.pdf

Data source(s) and notes about the submission:
There are no screens on socially responsible investments for the endowment, however within the endowment, there are holdings that invest in energy conservation and renewal.

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.