| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 56.03 |
| Liaison | Karen Oberer |
| Submission Date | Aug. 1, 2012 |
| Executive Letter | Download |
McGill University
PAE-T2-6: Socially Responsible Retirement Plan
| Status | Score | Responsible Party |
|---|---|---|
|
0.25 / 0.25 |
Kathleen
Ng Environmental Officer Sustainability Office - Campus and Space Planning |
"---"
indicates that no data was submitted for this field
None
Does the institution offer a socially responsible investment option for retirement plans?:
Yes
None
A brief description of the socially responsible investment option for retirement plans:
Background of the SRI Pool Manager:
The Socially Responsible Investment Pool will invest in the Guardian Ethical Management (“GEM”) Balanced Pool. GEM is a joint venture between Guardian Capital LP (“Guardian”) and The Ethical Funds Company both established
leaders in their respective fields of expertise. Guardian focuses on investment management governed by a sustainable discipline, whereas The Ethical Funds Company focuses on ongoing shareholder engagement and the evaluation of environmental, social, and governance performance of holdings and investment prospects. Guardian was established in 1962 and is based in Toronto. The Ethical Funds Company is Canada’s largest manager of socially responsible mutual funds. In addition to evaluating all investments according to their financial, social and environmental performance, the firm promotes corporate accountability. GEM’s focus is on providing institutional investors with an integrated SRI solution. Guardian will present proposed acquisitions to Ethical for sustainability review and will not invest if such review is not positive.
The Ethical Funds Company believes that a company’s management of environmental, social, and governance issues is critical to long-term business success. Companies that ignore environmental, social, and governance
issues are subject to heightened business risks: legal, operational, and reputational. The fundamental goal of The Ethical Funds Company is to ensure that companies manage activities to produce an overall positive impact on
society and minimize negative impacts on the environment, put in place market incentives that encourage corporate managers and directors to operate companies responsibly, and foster the creation of a just and sustainable world.
GEM is a member of the Social Investment Organization (“SIO”), the Canadian association for socially responsible investment.
Note: The information and descriptions of the fund are as at September 30, 2009 and may vary in the future.
None
The website URL where information about the program, policy, or practice is available:
Data source(s) and notes about the submission:
Source: http://www.mcgill.ca/files/pensions/SRI.pdf
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.