Overall Rating Silver
Overall Score 51.63
Liaison Dwayne Doornbosch
Submission Date June 24, 2021

STARS v2.2

Langara College
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
0.50 / 2.00 Moira Gookstetter
Executive Director
Langara College Foundation
"---" indicates that no data was submitted for this field

Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
Yes

The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:

There is a formal structure for overseeing Langara's investment policies and strategies. The Langara College Foundation holds all endowment assets. The College moved these assets to the Foundation in 2014 when it was established. The Board of Directors of this Foundation oversees the policies and implementation of the investment strategy. The Board also empowers the Finance committee to manage the oversight of the investment portfolio.

The Langara College Foundation, is a registered charity and not for profit society, separate from Langara College. The Foundation’s mandate as Langara College’s partner is to collaborate, and raise funds to support student and other College projects. The Foundation follows and sets its plans based on the College’s strategic plan. The Foundation and College also work collaboratively with its fund Manager Genus Capital Management, who specialize in sustainable investing.


Does the CIR include academic staff representation?:
No

Does the CIR include non-academic staff representation?:
Yes

Does the CIR include student representation?:
No

Members of the CIR, including affiliations and role:

The following are all Directors of the Langara College Foundation:
- Bruce Hurst CPA – Chair (alumni)
- Raj Arnerja (alumni)
- Stephen Lee CPA (alumni)
- Alec Maclean - Finance Committee Chair
- Kevin Price. Governance Committee Chair
- Jas Sandhu
- Simi Sara (alumni)
- Lane Trotter – President and CEO Langara College
- Yusuf Varichia – Vice President External Langara College

Students are not currently included on the committee, but the Board is currently recruiting for two new board members, one of which is being targeted to be a student.


Examples of CIR actions during the previous three years:

Examples of actions during the previous three years include:
- In 2016 the Board motioned to begin divesting its investment holding and moving towards more sustainable investments. The Foundation’s investment policy was updated to reflect this decision. A modest 10% minimum threshold was established. (see attached). In 2020 the Foundation asked Genus Capital Management to make a presentation and provide an investment strategy that would allow the Foundation to explore increasing its fossil free holdings to 50%
- In February 2021 the Foundation Board motioned to direct Genus Capital Management to divest its investments to increase its sustainable investment holdings to 50% of its portfolio.
- In April 2021 a new Investment policy was signed with Genus Capital Management


Website URL where information about the institution’s committee on investor responsibility 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.