Overall Rating Silver - expired
Overall Score 49.24
Liaison Claudia Kent
Submission Date June 11, 2014
Executive Letter Download

STARS v2.0

Haverford College
PA-14: Sustainable Investment

Status Score Responsible Party
Complete 0.79 / 4.00 Drew Dinger
Investment Analyst
"---" indicates that no data was submitted for this field

Total value of the investment pool:
470,000,000 US/Canadian $

Value of holdings in each of the following categories::
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 9,000,000 US/Canadian $
Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy) 0 US/Canadian $
Sustainability investment funds (e.g. a renewable energy or impact investment fund) 0 US/Canadian $
Community development financial institutions (CDFIs) or the equivalent 0 US/Canadian $
Socially responsible mutual funds with positive screens (or the equivalent) 0 US/Canadian $
Green revolving loan funds that are funded from the endowment 0 US/Canadian $

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

Two private energy funds are focused on renewable energy investing and we have a third private energy fund which may periodically pursue renewable or clean energy investments. Investments across these funds include wind, solar, biomass and other renewables.

Does the institution have a publicly available sustainable investment policy?:

A copy of the sustainable investment policy:
The sustainable investment policy:

Does the institution use its sustainable investment policy to select and guide investment managers?:

A brief description of how the policy is applied, including recent examples:

The Investment Office has the responsibility for implicitly considering ESG factors in investment selection. A manager of emerging market equities was being considered but the focus on alcohol and tobacco as themes withing he portfolio led the Investment Office to consider other alternatives.

Does the institution's sustainable investment policy include negative screens?:

A brief description of the negative screens and how they have been implemented:

Approximate percentage of the endowment that the negative screens apply to:

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?:

A copy of the proxy voting guidelines or proxy record:

A brief description of how managers are adhering to proxy voting guidelines:

The CISR votes proxies on a portfolio of stocks (presently 8 stocks) many of which pertain to environmental sustainability. The proxy voting record can be found here:

Endowment managers are not required to adhere to proxy voting guidelines as the endowment is invested in solely in commingled vehicles. CISR maintains a small, separate portfolio of stocks on which proxies are voted.

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?:

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:

The CISR frequently reviews and considers the sustainability practices of publicly traded companies and will purchase shares of companies with substandard practices in order to vote proxies, communicate with corporate management and/or sponsor resolutions to effect change. The CISR is designed to represent the sentiment of the broader Haverford community and proxies have been voted to promote sustainable practices. CISR also sponsored a campus event within the last three years, in which we brought major players in the SRI and sustainable investing community (including Pax funds and KLD), to campus for presentations, discussions and community interaction.

Does the institution engage in policy advocacy by participating in investor networks and/or engaging in inter-organizational collaborations to share best practices?:

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

The website URL where information about the institution's sustainable investment efforts is available:

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.