| Overall Rating | Gold |
|---|---|
| Overall Score | 76.41 |
| Liaison | Krista Bailey |
| Submission Date | Dec. 12, 2023 |
Pennsylvania State University
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 2.00 |
Krista
Bailey Sustainable Campus Strategist Sustainability Institute |
"---"
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:
Penn State utilizes one Investment Committee – the Penn State Investment Council (PSIC), where all the members are appointed by the Penn State Board of Trustees. The investment objective for Penn State is to achieve long-term investment returns to facilitate an annual distribution of cash to support the University’s endowments for a perpetual period.
The Investment Policy Statement contains the following to indicate social and environmental issues are considered: “LTIP will be invested to achieve maximum return with an acceptable degree of risk. Within the context of its fiduciary responsibilities PSIC may take social and environmental considerations into account in the administration of the University’s investments.”
Penn State Investment Council (PSIC) views environmental and social issues that meaningfully impact economic issues.
It makes recommendations to fund decision-makers on socially and environmentally responsible investment opportunities and oversees the institution’s investments and now includes social and environmental responsibility as a regular part of its agenda.
The Investment Policy Statement contains the following to indicate social and environmental issues are considered: “LTIP will be invested to achieve maximum return with an acceptable degree of risk. Within the context of its fiduciary responsibilities PSIC may take social and environmental considerations into account in the administration of the University’s investments.”
Penn State Investment Council (PSIC) views environmental and social issues that meaningfully impact economic issues.
It makes recommendations to fund decision-makers on socially and environmentally responsible investment opportunities and oversees the institution’s investments and now includes social and environmental responsibility as a regular part of its agenda.
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:
Joseph M. Cullen
CHIEF INVESTMENT OFFICER
OFFICE OF INVESTMENT MANAGEMENT
Mary Lee Schneider
MEMBER
PSU BOARD OF TRUSTEES
CHAIR OF THE SUBCOMMITTEE ON FINANCE COMMITTEE ON FINANCE, BUSINESS, AND CAPTIAL PLANNING
Matthew W. Schuyler
CHAIR
PSU BOARD OF TRUSTEES
CHIEF BRAND OFFICER
HILTON
Dr. Sara F. Thorndike
CHAIR OF PSIC
SENIOR VICE PRESIDENT FOR
FINANCE AND BUSINESS/ TREASURER
Randy E. Black
MEMBER
PSU BOARD OF TRUSTEES
CEO AND PRESIDENT
FIRST CITIZENS COMMUNITY BANK
James P. Brandau
MANAGING DIRECTOR
WILLIAM BLAIR
Barbara L. Doran
EMERITA MEMBER
PSU BOARD OF TRUSTEES
CEO/CIO
BD8 CAPITAL PARTNERS
Blake Gall, CFA
FOUNDER
AND PRESIDENT
MICROPLUSPLUS
J. Alex Hartzler
MANAGING PARTNER AND FOUNDER
WCI PARTNERS, LP
Edward R. Hintz
PRESIDENT
HINTZ CAPITAL MANAGEMENT
Joseph B. Markovich
MANAGING DIRECTOR
J.P. MORGAN PRIVATE BANK
Colleen Ostrowski
SENIOR VICE PRESIDENT
AND TREASURER
VISA
J. David Rogers
CHIEF EXECUTIVE OFFICER
J.D. CAPITAL MANAGMENT
Brandon D. Short
MEMBER
PSU BOARD OF TRUSTEES
EXECUTIVE DIRECTOR
AND PORTFOLIO MANAGER
PGIM REAL ESTATE
CHIEF INVESTMENT OFFICER
OFFICE OF INVESTMENT MANAGEMENT
Mary Lee Schneider
MEMBER
PSU BOARD OF TRUSTEES
CHAIR OF THE SUBCOMMITTEE ON FINANCE COMMITTEE ON FINANCE, BUSINESS, AND CAPTIAL PLANNING
Matthew W. Schuyler
CHAIR
PSU BOARD OF TRUSTEES
CHIEF BRAND OFFICER
HILTON
Dr. Sara F. Thorndike
CHAIR OF PSIC
SENIOR VICE PRESIDENT FOR
FINANCE AND BUSINESS/ TREASURER
Randy E. Black
MEMBER
PSU BOARD OF TRUSTEES
CEO AND PRESIDENT
FIRST CITIZENS COMMUNITY BANK
James P. Brandau
MANAGING DIRECTOR
WILLIAM BLAIR
Barbara L. Doran
EMERITA MEMBER
PSU BOARD OF TRUSTEES
CEO/CIO
BD8 CAPITAL PARTNERS
Blake Gall, CFA
FOUNDER
AND PRESIDENT
MICROPLUSPLUS
J. Alex Hartzler
MANAGING PARTNER AND FOUNDER
WCI PARTNERS, LP
Edward R. Hintz
PRESIDENT
HINTZ CAPITAL MANAGEMENT
Joseph B. Markovich
MANAGING DIRECTOR
J.P. MORGAN PRIVATE BANK
Colleen Ostrowski
SENIOR VICE PRESIDENT
AND TREASURER
VISA
J. David Rogers
CHIEF EXECUTIVE OFFICER
J.D. CAPITAL MANAGMENT
Brandon D. Short
MEMBER
PSU BOARD OF TRUSTEES
EXECUTIVE DIRECTOR
AND PORTFOLIO MANAGER
PGIM REAL ESTATE
None
Examples of CIR actions during the previous three years:
Resolution expanding scope and priorities was passed in March, 2023. Since then, no actions have been taken prior to reporting.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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