Overall Rating Bronze
Overall Score 34.87
Liaison Courtney Gallaher
Submission Date June 4, 2024

STARS v2.2

Northern Illinois University
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 1.00 / 2.00 Courtney Gallaher
Associate Professor, Sustainability Coordinator
Earth, Atmosphere and Environment
"---" 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?:

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:
The Investment Committee was established to assist the University in fulfilling its fiduciary
investment responsibilities. The Investment Committee shall:
 Meet at least once per quarter in advance of the FACFO meeting.
 Review and recommend investment goals, objectives, and policy as needed.
 Recommend target asset allocation strategies.
 Recommend performance measures.
 Recommend external investment advisors, managers, and/or brokers.
 Review and revise quarterly reports to the President and Board of Trustees,
through the FACFO, the results of investment activity.
 Review and recommend changes in report content and/or format.
 Periodically review the investment portfolio for its effectiveness in meeting
University needs regarding safety, liquidity, return, and diversification.
 Recommend new committee members.

Material, relevant, and decision-useful sustainability factors have been or are regularly
considered by the agency, within the bounds of financial and fiduciary prudence, in
evaluating investment decisions. Such factors include but are not limited to: (i) corporate
governance and leadership factors; (ii) environmental factors; (iii) social capital factors;
(iv) human capital factors; and (v) business model and innovation factors, as provided
under the Illinois Sustainable Investing Act.

Does the CIR include academic staff representation?:

Does the CIR include non-academic staff representation?:

Does the CIR include student representation?:

Members of the CIR, including affiliations and role:
The Investment Committee is an advisory group established to advise the Board
Treasurer and Vice President of Administration & Finance and Chief Financial Officer
(VPCFO) on investment goals, objectives and strategies, and is comprised of theAssociate Vice President for Finance and Treasury, the Controller, the Deputy Controller (non-voting), and any others appointed by the VPCFO. To ensure shared governance, a faculty representative shall be appointed by the VPCFO.

Examples of CIR actions during the previous three years:
The Investment Committee is required to make quarterly reports to the NIU Board of Trustees. Their actions/reports can be viewed in these reports and can be generally summarized as updating the committee on investment returns and making investment decisions that balance the financial, social and environmental sustainability of the university. The most recent report to the BOT can be found here:


Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:

Data source(s) and notes about the submission:

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