Overall Rating Silver - expired
Overall Score 62.98
Liaison Briar Schoon
Submission Date March 5, 2021

STARS v2.2

Portland Community College
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 0.00 / 3.00 Stephania Fregosi
Sustainability Analyst
Facilities Management Services
"---" indicates that no data was submitted for this field

Total value of the investment pool:
20,000,000 US/Canadian $

Value of holdings in each of the following categories:
Value of holdings
Sustainable industries (e.g., renewable energy or sustainable forestry) 0 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 funds funded from the endowment 0 US/Canadian $

A brief description of the companies, funds, and/or institutions referenced above:
The only pools PCC participates are Local Government Investment Pool accounts at the State of OR. Their monthly statements are available on their website. https://www.oregon.gov/treasury/public-financial-services/oregon-short-term-funds/Documents/OSTF-Fund-Facts/2020/2020-Q2-OSTF-Fund-Fact-Page.pdf

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

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

A copy of the sustainable investment policy:

The sustainable investment policy:
PCC is committed to operational practices that model the sustainable use of resources. Holding securities issued by fossil fuel companies is inconsistent with the college’s sustainability goals. Therefore, the Treasury Manager will not invest in securities of fossil fuel companies (as listed in the Carbon Underground 200 or comparable fossil fuel indices). Indices shall be reviewed prior to any energy sector investment. Indices shall also be reviewed for changes not less than annually. The college is committed to advancing the promotion and protection of human rights and fundamental freedoms. In support of this commitment and the inherent belief in the dignity and worth of each individual, the Treasury Manager shall invest in a socially responsible manner when feasible. The Board understands that socially responsible investments are not always self-evident and it is not possible to be informed of every activity that a business undertakes.

Does the institution use its sustainable investment policy to select and guide investment managers?:

A brief description of how the sustainable investment policy is applied:
The policy instructs the Treasury Manager to "not invest in securities of fossil fuel companies (as listed in the Carbon Underground 200 or comparable fossil fuel indices)" and "invest in a socially responsible manner when feasible."

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:

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 participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:

A brief description of the divestment effort or negative screens and how they have been implemented:

Approximate percentage of endowment that the divestment effort and/or 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:
PCC’s investment policy updates are required to be approved by OSTF (Oregon Short Term Fund) Investment Board.

Website URL where information about the institution’s sustainable investment efforts 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.