| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 73.16 |
| Liaison | Ryan Ihrke |
| Submission Date | July 29, 2011 |
| Executive Letter | Download |
Green Mountain College
PAE-16: Committee on Socially Responsible Investment
| Status | Score | Responsible Party |
|---|---|---|
|
2.00 / 2.00 |
Joe
Manning VP for Finance & Administration Business |
Does the institution have a committee on investor responsibility or similar body that meets the criteria for this credit?:
The charter or mission statement of the CIR or other body or a brief description of how the CIR is tasked to address social and environmental concerns :
Formed in spring 2010, the Socially Responsibility Investment Advisory Committee (SRIAC) recommended that the Investment Committee of the Board of Trustees approve an initial investment equal to 10% of GMC's current endowment portfolio in a Socially Responsible Investment fund.
The board approved this investment and added to it again in 2011.
The SRIAC committee charge is as follows:
Review the College’s investment portfolio
and provide recommendations regarding socially responsible investment initiatives to the Investment
Committee of the Board of Trustees.
The SRI Advisory Committee is chaired by the chief financial officer of the College and consists of two well-qualified students appointed by student senate and one faculty member appointed by the FCEB and approved by the provost.
The Committee meets four times per year, once at the beginning of each semester and once toward the
end of each semester, unless additional meetings are necessary. They review quarterly returns from the
investment portfolio and changes in the portfolio. On the basis of this review, they make recommendations to the Investment Committee of the Board of Trustees for action. These recommendations may relate to proxy voting, increased transparency of the portfolio, divestment of
certain securities, or positive and negative screening of investments.
The SRI Committee’s objective is to assist the College in making investment decisions that reflect its
environmental mission. A strategic implementation plan, proposed to the Investment Committees of the
Board of Trustees, should be followed as closely as possible. In the case that SRI returns are not equal to or
exceed non-SRI returns, alternative SRI funds are suggested.
The SRI Committee’s deliberations should be guided in part by best practices in socially responsible
investing, as identified by the Sustainable Endowments Institute and AASHE’s sustainability tracking and
rating system’s investment section. The recommendations should be made public knowledge through the
College newspaper, presentations, or a branch of the College website.
Members of the CIR, including affiliations:
Joe Manning, Vice President for Finance & Administration, Green Mountain College
Professor Frank Pauzé, Prof of Business and Economics, Director Resort Management Program
Harrison Rhodes, Student Senate Appointee
Dan Riley, Student Senate Appointee
The website URL where information about the committee is available:
Data source(s) and notes about the submission:
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.