| Overall Rating | Gold |
|---|---|
| Overall Score | 73.23 |
| Liaison | Heather Albert-Knopp |
| Submission Date | Feb. 28, 2022 |
College of the Atlantic
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
2.00 / 2.00 |
Bear
Paul Administrative Dean & CFO Finance & Administration |
"---"
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?:
Yes
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:
The sustainable investment committee manages the college's sustainable investment fund and provides an educational experience for COA students such that they will work to:
• Understand what constitutes sustainable investments
• Refine the College’s definition of sustainable investments through analyzing businesses’ environmental and social impact
• Understand basic investment strategies, including the impact of risk
• Compare the performance of sustainable versus traditional investments
• Support businesses that demonstrate social and environmental stewardship
• Gain knowledge by utilizing firsthand experience to research, analyze, choose, monitor and report the fund’s investments
• Understand what constitutes sustainable investments
• Refine the College’s definition of sustainable investments through analyzing businesses’ environmental and social impact
• Understand basic investment strategies, including the impact of risk
• Compare the performance of sustainable versus traditional investments
• Support businesses that demonstrate social and environmental stewardship
• Gain knowledge by utilizing firsthand experience to research, analyze, choose, monitor and report the fund’s investments
Does the CIR include academic staff representation?:
Yes
Does the CIR include non-academic staff representation?:
Yes
Does the CIR include student representation?:
Yes
Members of the CIR, including affiliations and role:
Committee membership is open to college students, faculty, and staff and works together with the trustee finance and investment committees. The committee is typically chaired by one a student, and has included as members the college's CFO and our faculty member in green and socially responsible business.
None
Examples of CIR actions during the previous three years:
The committee was first convened in January 2015. With the receipt of a $15,000 donation to launch the sustainable investment fund, the committee researched and developed sustainability criteria to invest the funds. The committee collectively decided on investments with advice from a local bank. The committee was last actively meeting in 2019-2020. While its funds are still invested at the time of this report, the committee itself has not met since the start of the pandemic, which also coincided with a staff turnover in the CFO position. Our new CFO plans to reinvigorate this group.
Optional Fields
Additional documentation to support the submission:
---
Data source(s) and notes about the submission:
Investment criteria:
The committee seeks out companies and funds that are leaders in their field according to environmental, social and governance (ESG) criteria, with priority given to sustainable industries and companies with transformative potential to green their industry. Assets are restricted from being invested in weapons, tobacco and companies whose primary business involves the extraction, refining or combustion of fossil fuels. The committee is additionally interested in investing in companies advancing the transition away from fossil fuels through renewable energies and sustainable transportation. The fund searches for investments that meet as many as possible positive screen criteria by exemplifying best-in-class practices.
Outline of positive screens:
Environmental:
Advancing and/or practicing energy efficiency
Low greenhouse gas emissions
Minimized air pollution
Limited contamination of waterways and oceans
Sustainable land-use and reduction of ecological encroachment
Effective material conservation and sustainable waste practices
Social:
Treatment of employees and relationship with labor
Observance of the right to organize, and health and safety standards
Community relations, specifically communities impacted by company activities
Observance of human rights and fair labor standards, including child labor restrictions
Governance:
Transparent reporting
Fair executive compensation, with regards to median worker pay
Strong shareholder rights
Disclosure of lobbying activities, including through third party organizations
Show intent and credible plan for advancing sustainable goals
Sustainable industries:
The committee defines sustainable industries as those primarily concerned with advancing ESG factors in the wider marketplace and world, subject to the negative screen restrictions imposed on the investment fund.
The committee seeks out companies and funds that are leaders in their field according to environmental, social and governance (ESG) criteria, with priority given to sustainable industries and companies with transformative potential to green their industry. Assets are restricted from being invested in weapons, tobacco and companies whose primary business involves the extraction, refining or combustion of fossil fuels. The committee is additionally interested in investing in companies advancing the transition away from fossil fuels through renewable energies and sustainable transportation. The fund searches for investments that meet as many as possible positive screen criteria by exemplifying best-in-class practices.
Outline of positive screens:
Environmental:
Advancing and/or practicing energy efficiency
Low greenhouse gas emissions
Minimized air pollution
Limited contamination of waterways and oceans
Sustainable land-use and reduction of ecological encroachment
Effective material conservation and sustainable waste practices
Social:
Treatment of employees and relationship with labor
Observance of the right to organize, and health and safety standards
Community relations, specifically communities impacted by company activities
Observance of human rights and fair labor standards, including child labor restrictions
Governance:
Transparent reporting
Fair executive compensation, with regards to median worker pay
Strong shareholder rights
Disclosure of lobbying activities, including through third party organizations
Show intent and credible plan for advancing sustainable goals
Sustainable industries:
The committee defines sustainable industries as those primarily concerned with advancing ESG factors in the wider marketplace and world, subject to the negative screen restrictions imposed on the investment fund.
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.