Overall Rating Gold
Overall Score 71.65
Liaison Laura Bain
Submission Date Jan. 19, 2018
Executive Letter Download

STARS v2.1

Furman University
PA-8: Committee on Investor Responsibility

Status Score Responsible Party
Complete 2.00 / 2.00 Laura Bain
Associate Director of Sustainability Assessment
David E. Shi Center for Sustainability
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Does the institution have a formally established and active committee on investor responsibility (CIR) that makes recommendations to fund decision-makers on socially and environmentally responsible investment opportunities across asset classes?:
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 Investment Committee discusses all policy changes regarding allocation and specific investments. Recently, for example, the Investment Committee discussed investment policy language to be included in the revised IPS related to the University’s commitment to sustainability. This will involve additional diligence research (specific to ESG factors within the investment process) on external investment managers.


Does the CIR include staff representation?:
Yes

Does the CIR include faculty representation?:
Yes

Does the CIR include student representation?:
Yes

Members of the CIR, including affiliations and role (e.g. student, faculty, staff, alumni):

There are faculty and student representatives appointed to attend the Investment Committee meetings, in addition to the finance and investment staff representation. There are six members on the investment committee, five of which are members of the Board of Trustees. Each has knowledge and experience in the investment management industry. A full list and bios of the Board of Trustees can be found on the University’s website.


Examples of CIR actions during the previous three years:

Furman has initiated a process, through its external consultant, to study and ascertain how each external manager integrates ESG (Environmental, Social, and Governance) factors into their investment processes. The output organizes each manager into a scale of 0-3, in terms of the role of ESG in investment decision-making. As an extension of the aforementioned project, we inventoried each external manager’s exposure to products/services within sustainable energy industries.


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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