Overall Rating Bronze
Overall Score 33.30
Liaison Bo Solomon
Submission Date March 31, 2021
Executive Letter Download

STARS v2.1

Drexel University
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 0.02 / 4.00 Jen Britton
Director
UCP
"---" indicates that no data was submitted for this field

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

Total value of the investment pool:
749,093,128 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 1,102,512 US/Canadian $
Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy) ---
Sustainability investment funds (e.g. a renewable energy or impact investment fund) 1,102,512 US/Canadian $
Community development financial institutions (CDFIs) or the equivalent ---
Socially responsible mutual funds with positive screens (or the equivalent) ---
Green revolving loan funds that are funded from the endowment ---

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

The renewable energy Fund makes debt investments in clean energy and infrastructure companies. The firm was one of the first investors to focus on this strategy.


Percentage of the institution's investment pool in positive sustainability investments:
0.29

Does the institution wish to pursue Option 2 (investor engagement)?:
No

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

A copy of the sustainable investment policy:
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The sustainable investment policy:
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Does the institution use its sustainable investment policy to select and guide investment managers?:
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A brief description of how the policy is applied, including recent examples:
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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:
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A brief description of how managers are adhering to proxy voting guidelines:
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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:
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Does the institution have a publicly available investment policy with negative screens?:
No

A brief description of the negative screens and how they have been implemented:
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Approximate percentage of the endowment that the negative screens apply to:
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Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
Yes

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

The Investment Office is involved in ongoing research on ESG (Environmental, Social, Governance) investing. We have been reviewing and archiving research from institutional investment managers and think tanks to understand responsible investing trends, opportunities, and risks. Staff has attended dedicated ESG conferences and events and participated in numerous ESG educational webcasts. Our CIO and Deputy CIO have participated in and led investment panels on ESG Investing.Examples of conferences and roundtables we attended in the past: ESG Conference in NYC: Sustainable Returns: Environment, Social & Responsible Investing; Sustainable Investing and ESG webcasts hosted by Investment Management Due Diligence Association (IMDDA), BNP Paribas, Brown Brothers Harriman, PNC, MSCI, etc.; ESG Virtual Investor Roundtable Discussion hosted by Market Group.


The website URL where information about the programs or initiatives is available:
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Additional documentation to support 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 and complete the Data Inquiry Form.