| Overall Rating | Silver |
|---|---|
| Overall Score | 48.02 |
| Liaison | Zachary Czuprynski |
| Submission Date | Feb. 4, 2022 |
Prescott College
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
0.00 / 2.00 |
Zachary
Czuprynski Sustainability Coordinator Green Mountain Center for Sustainablity |
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 purpose of the Finance Committee is to oversee the integrity of the College’s financial operations, long-term economic health, and allocation of resources. The primary responsibilities of the Finance Committee are (a) developing financial policies and metrics appropriate for the Board to measure the financial health of College, (b) monitoring financial performance, including compliance with all financial reporting requirements, (c) reviewing and recommending operating budgets, (d) reviewing and recommending plans for borrowing, (e) ensuring that accurate and complete financial records are maintained, (f) ensuring that timely and accurate financial information is presented to the Board, and (g) overseeing the Endowment and other investments and accounts.
Investment manager and individual security selection should take into consideration that the College is committed to principals of social and environmental responsibility. Specifically, each investment manager and individual security selection should:
1. to the extent practicable, avoid investment managers utilizing and investing in individual securities of companies whose income is derived from the production, sale, or distribution of tobacco, fossil fuels, firearms, land mines, or chemical agents used as weapons of war;
2. to the extent practicable, avoid investment managers utilizing and investing in individual securities whose underlying business involves the ownership or management of private prison or detention facilities;
3. to the extent practicable, give preference to investment managers utilizing and investing in individual securities whose underlying business has demonstrated a progressive approach to environmental issues including, but not limited to, waste disposal, recycling, and wise resource management; and
4. to the extent practicable, give preference to investment managers utilizing and investing in individual securities whose underlying business has demonstrated a progressive approach to social issues.
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:
Ken Ziesenheim - Chair, Friend
Michael Zimber - Chair, Finance Committee, Trustee
Merrilee Caldwell - Trustee
Roxanne Gallagher - Trustee
Michele Peterson, Vice President Finance & Administration, Staff Liaison
Examples of CIR actions during the previous three years:
The Fossil Fuel Divestment Resolution is the most recent action taken by this entity, passed in February 2014.
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:
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.