Furman University
IL-54: Sustainable Retirement Plan
| Status | Score | Responsible Party |
|---|---|---|
|
1.00 / 1.00 |
Does the institution’s employee retirement plan include one or more funds with a sustainability or ESG focus?:
Narrative and/or website URL providing an overview of the sustainability or ESG focused funds included in the institution’s employee retirement plan:
CREF Social Choice R2 (QCSCPX)
https://fluenttech.tiaa.org/pdf/factsheet/194408134.pdf
The CREF Social Choice Account is a variable annuity that seeks a favorable long-term rate of return that reflects the investment performance of the financial markets while giving special consideration to certain social criteria. It divides its assets between foreign and domestic equity investments and bonds and other fixed-income investments, including money market securities. The Account limits its investments to companies that its advisor considers suitable from a financial perspective and whose activities are consistent with certain environmental, social and governance ("ESG") or Impact criteria. The Account is balanced, with assets divided between foreign and domestic stocks and other equity securities (about 60%) and bonds and other fixed-income securities, including money market instruments (about 40%). The Account provides participants the option to convert all or a portion of their accumulations into lifetime income.
Optional documentation
Additional documentation for this credit:
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.