Overall Rating Silver - expired
Overall Score 54.45
Liaison Claudia Kent
Submission Date June 30, 2017
Executive Letter Download

STARS v2.1

Haverford College
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.08 / 4.00 Michael Casel
Associate Vice President & Director of Investments
Vice President's Office
"---" indicates that no data was submitted for this field

Does the institution wish to pursue Option 1 (positive sustainability investment)?:

Total value of the investment pool:
500,000,000 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 5,700,000 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) 95,000 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.

We also have a Green Sustainability Fund for donors, which is invested in a fossil-fuel-free vehicle. The annual payout from this fund goes to support sustainability projects on campus.

Percentage of the institution's investment pool in positive sustainability investments:

Does the institution wish to pursue Option 2 (investor engagement)?:

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

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

Refer to pages 6-7 of the attached file.

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 considering sustainability factors among the many different factors considered in investment manager due diligence. While sustainability factors are not the governing or deciding factors, they contribute equally to a complete view of investment options. An equities manager was being considered but a focus on alcohol and tobacco as themes within the portfolio led the Investment Office to consider other alternatives.

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 Council on Sustainability and Social Responsibility reserves the right to vote proxies on the select direct holdings that compose the College's "sin portfolio." In exercising its voice, the Council applies institutional values on a case-by-case basis, bearing in mind in particular the adopted principles of sustainability in the Sustainability Strategic Plan but also the College's deeply rooted Quaker values: simplicity, peace, integrity, community, equality, and stewardship.

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:

Does the institution have a publicly available investment policy with 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:

Does the institution engage in policy advocacy by participating in investor networks and/or engage 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 programs or initiatives is available:

Additional documentation to support 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 and complete the Data Inquiry Form.