Overall Rating Silver
Overall Score 62.28
Liaison Ivee Guce
Submission Date Aug. 12, 2024

STARS v2.2

De La Salle Lipa
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 1.21 / 3.00 Luz Magpantay
Vice-President
Finance
"---" indicates that no data was submitted for this field

Part 1. Positive sustainability investment

Total value of the investment pool:
5,500,000 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) 500,000 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:

The school maintains an endowment fund and invests in two ways—long term and short. 

For the long term investment, the school invests through the Investment Management Unit managed by De La Salle Philippines. Under which, there is a policy that the school only invests in certain kinds of industries. Short term investments, on the other hand, are ones where the school selects fund managers whose trust for sustainability efforts are aligned with that of the school. These are BDO and BPI.

BDO’s sustainable finance initiatives began in 2010, with the establishment of the Sustainable Energy Finance (SEF) Program and the Social and Environmental Management Systems (SEMS) policy, both created in partnership with the International Finance Corporation (IFC).

The SEMS evolved into what is now the BDO Sustainable Finance Framework that covers social and environmental impact assessment and risk assessment, aligned with the Bank’s Sustainability Philosophy and Strategies, as well as the UN Sustainable Development Goals. 

BPI, the other fund manager of the school, is incorporating Environmental, Social, and Governance (ESG) principles into the conduct of their business. Beyond ESG, BPI’s unique sustainability formula includes a second E or economic benefit. BPI offers an array of sustainable products and services aligned to its unique formula, as the bank aims to provide a variety of sustainable and innovative solutions to clients’ banking needs. 

The Sustainable Development Finance Program run by BPI includes renewable energy, energy efficiency, climate resilience, and sustainable agriculture.

BPI Sustainability Products and Services: LINK

Sample reports: LINK

 


Percentage of the institution's investment pool in positive sustainability investments:
9.09

Part 2. Investor engagement

Sustainable investment policy 

Does the institution have a publicly available sustainable investment policy?:
Yes

None
A copy of the sustainable investment policy:
PA_C2_IMU_Manual.doc.pdf

None
The sustainable investment policy:
---

None
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:

The Fund has a conservative investment management orientation.

  • The collection of funds under the Fund must be invested in a way that reflects the particular needs and objectives of the schools. Thus, the investment bias is towards minimizing the risk of capital loss, while providing current income sufficient to meet ongoing cash needs and to provide the potential for capital appreciation over time to meet the needs of the schools.

  • The criteria for the selection of EFM/S will vary depending on the asset class and type of mandate. However, in general, EFM/S will be evaluated according to these criteria and additional criteria shall be established as appropriate.

    • Corporate Social Responsibility
    • Institution's level of involvement and commitment to charitable undertakings

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?:
Yes

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:

FELDGRAU Green Antz Project - Board Resolution

 


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?:
No

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

The School prohibits investments in companies engaged in gambling, tobacco, liquor and mining activities.


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

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.