Overall Rating Gold - expired
Overall Score 73.47
Liaison Ian McKeown
Submission Date March 30, 2018
Executive Letter Download

STARS v2.1

Loyola Marymount University
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 0.68 / 4.00 Caroline Wilhelm
Associate Treasurer
Office of SVP Business & Finance
"---" 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:
508,000,000 US/Canadian $

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

The University invests in a number of funds and/or partnerships that invest in clean energy and/or timber as a percent of total holdings. The University currently maintains interests in three natural resource partnerships that have 5 – 10 + in clean energy assets.

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:

First and foremost, the Committee will attempt to achieve the overall goal of the Fund in support of the University’s mission and in accordance with its fiduciary responsibility. However, the Committee may also consider socially responsible investing if/when it is prudent and appropriate to do so. The following investment considerations may be at times weighed by the Committee: 1) excluding from the portfolio securities of firms whose policies are inimical to the values of the university; 2) investing in firms that demonstrate a high level of social concern; and 3) influencing the social behavior of invested firms through the exercise of ownership rights.

The University is currently writing a more expansive RI 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:

Currently, the University does not use its RI policy to select and guide investment managers, however it may do so in the future. The current policy statement is applied when prudent to assess investment decisions that may have adverse environmental, social, or governance impacts.

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:

Managers are currently not required to adhere to specific proxy voting guidelines.

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 University is part of the Jesuit Consortium of 28 universities. This consortium may at times discuss RI and how to work together to proactively create change.

The University is a signatory to the UN supported Principles of Responsible Investing (PRI). The PRI is an international organization that serves as a framework for investors to better engage with RI topics including initiating actions with companies, reporting, and joining collaborative groups.

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 or simply email your inquiry to stars@aashe.org.