Overall Rating Gold
Overall Score 67.93
Liaison Emily Zabanah
Submission Date Feb. 1, 2024

STARS v2.2

Seneca Polytechnic
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 0.50 / 3.00 Paula Echeveste
Sustainability Specialist - Engagement & Outreach
Office of Sustainability
"---" indicates that no data was submitted for this field

Part 1. Positive sustainability investment

Total value of the investment pool:
51,924,000 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 $

If any of the above is greater than zero, provide:

A brief description of the companies, funds, and/or institutions referenced above:
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Percentage of the institution's investment pool in positive sustainability investments:
0

Part 2. Investor engagement

Sustainable investment policy 

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

None
A copy of the sustainable investment policy:
---

None
The sustainable investment policy:
https://www.senecapolytechnic.ca/about/policies/board-policy-statement-on-investment-policy-and-procedures.html

None
Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

A brief description of how the sustainable investment policy is applied:
The investment manager has established sustainable and ESG policy and procedures which they monitor and follow when making investment decisions. They are found in section 10 of the policy:

1. Seneca expects the investment manager(s) will ensure that Environmental, Social and Governance (ESG) factors are adequately addressed in the selection, retention and realization of investments insofar as such factors may affect investment performance.
2. Consideration of ESG factors is ultimately the responsibility of the investment manager and must be consistent with this policy

Proxy voting 

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?:
No

None
A copy of the proxy voting guidelines or proxy record:
---

None
A brief description of how managers are adhering to proxy voting guidelines:
The Investment Policy provides direction for investment managers to report on ESG proxy voting. Per Section 2.5 of the investment policy, the investment manager is responsible for overseeing proxy voting rights on fund securities where applicable and maintaining a record of how voting rights of securities in the funds are exercised and provide a quarterly report on proxy voting results with specifics on how the firm voted on Environmental, Social and Governance related shareholder resolutions.

Shareholder resolutions 

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?:
No

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
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Divestment efforts and negative screens

Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
No

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:
---

Investor networks 

Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
No

None
A brief description of the investor networks and/or collaborations:
---

Optional Fields 

Website URL where information about the institution’s sustainable investment efforts is available:
---

Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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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.