Overall Rating Gold - expired
Overall Score 70.14
Liaison Aaron Durnbaugh
Submission Date Feb. 27, 2017
Executive Letter Download

STARS v2.1

Loyola University Chicago
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.69 / 4.00 Erik Grimshaw
Manager, Investment Administration
Finance
"---" indicates that no data was submitted for this field

Option 1: Positive Sustainability Investment 

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

Total value of the investment pool:
621,000,000 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 2,600,000 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 $

If any of the above is greater than zero, provide:

A brief description of the companies, funds, and/or institutions referenced above:
Development of solar & wind generation capacity

Percentage of the institution's investment pool in positive sustainability investments:
0.42

Option 2: Investor Engagement 

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

Sustainable Investment Policy 

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

None
A copy of the sustainable investment policy:
LUC_Investment_Policy2016.pdf

None
The sustainable investment policy:
Responsible and Sustainable Investing Principles The University’s embodiment of the Jesuit and Catholic traditions of social justice, a commitment to sustainability, the prominence of social responsibility, and the aspiration to contribute to a more just, humane and sustainable world require consideration in its investment policy and practices. The University will be a responsible steward of its financial resources and will prudently exercise ethical and social stewardship in its investment policy and practices, consistent with its mission and strategic priorities and abiding by the fiduciary and investment standards applicable to institutional funds.

None
Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

None
A brief description of how the policy is applied, including recent examples:
Evaluation of and investment in renewable-energy investment strategies; consultation with existing managers to evaluate their approach to climate risks.

Proxy Voting 

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?:
Yes

None
A copy of the proxy voting guidelines or proxy record:
2016_Q4_Vote_Report.pdf

None
A brief description of how managers are adhering to proxy voting guidelines:
Third-party proxy voting implemented in accordance with a "Catholic Institutions" policy. http://www.luc.edu/finance/proxyvoterecords.shtml

Shareholder Resolutions 

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?:
Yes

None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
Consultative outreach to evaluate managers' approach to climate risks in portfolio construction/investment selection Ingredion, Inc. Basic Water Rights & Sustainability Shareholder Resolution (co-filer) In Dialogue

Negative Screens / Divestment Efforts 

Does the institution have a publicly available investment policy with negative screens?:
No

None
A brief description of the negative screens and how they have been implemented:
---

None
Approximate percentage of the endowment that the negative screens apply to:
---

Investor Networks 

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

None
A brief description of the investor networks and/or collaborations:
Member, Intentional Endowments Network; hosted an IEN forum at Loyola November 2016 attended by 100+

Optional Fields 

The website URL where information about the programs or initiatives is available:
---

Additional documentation to support the submission:
---

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.