Furman University
PA-5: Investment Holdings
| Status | Score | Responsible Party |
|---|---|---|
|
0.02 / 3.00 |
5.1 Investment holdings disclosure
Has the institution published a snapshot of the holdings in its investment pool within the previous three years?:
Copy of the investment snapshot:
Online location where the investment snapshot may be found:
Performance year for investment:
Does the snapshot detail the amount or percentage allocated to specific funds, companies, and institutions?:
Is the snapshot inclusive of the combined activities of the institution and other entities that manage investments on its behalf, such as a contracted management company, university system, and/or foundation?:
The Reporting Tool will automatically calculate the following figure:
5.2 Percentage of the investment pool allocated to positive sustainability investments
Value of the investment pool:
Amount allocated to funds that are explicitly focused on sustainability or environmental, social, and governance (ESG):
Amount allocated to sustainability-focused industries or sectors:
Amount allocated to businesses selected for exemplary sustainability performance using positive screens:
Amount allocated to community development financial institutions (CDFIs):
Amount allocated to place-based investments that target positive social and environmental impacts in economically divested areas:
Amount allocated to green revolving funds seeded from the investment pool:
Narrative and/or website URL providing an overview of the institution’s positive sustainability investments:
In 2017, a $3,000,000 commitment was made to a US-based Impact Fund (Fund of Funds) that will invest in funds that focus on early stage companies that generate target returns as well as positive social and environmental impact. The Fund is currently invested in 9 underlying funds (e.g. Rethink Impact II, Material Impact Fund, and Obvious Ventures III). Generally, investment themes will be: Sustainable & Agriculture Technology, Education Technology, Healthcare, Fintech & Collaborative Economy. In March 2021, a follow on $1,500,000 was made in Impact Fund II. In addition to the $4,500,000 described above, Furman also recently committed $1,500,000 to its first Diversity Fund (of Funds), which will seek to make commitments to underlying fund managers where >33% of Key persons are represented by socially disadvantaged individuals as defined by US Code of Federal Regulations Title 13.
The Reporting Tool will automatically calculate the following three figures:
Percentage of the investment pool allocated to positive sustainability investments:
Points earned for indicator PA 5.2:
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.