Overall Rating Gold
Overall Score 66.80
Liaison Martín Sánchez Gutiérrez
Submission Date June 7, 2024

STARS v2.2

Tecnológico de Monterrey – Campus Monterrey
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 1.86 / 3.00
"---" indicates that no data was submitted for this field

Part 1. Positive sustainability investment

Total value of the investment pool:
110,526,315 US/Canadian $

Value of holdings in each of the following categories:
Value of holdings
Sustainable industries (e.g., renewable energy or sustainable forestry) 30,000,000 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:

The Investment Policy of Tecnológico de Monterrey currently considers Environmental, Social, and Governance (ESG) criteria for the type of assets in our institution's investment portfolio. We are currently developing a methodology for analyzing ESG criteria with the aim of gaining a more comprehensive understanding of the invested assets and the businesses that support them. This includes evaluating their ability to create value in sustainable business models, identifying strengths and risks they are exposed to, and assessing the policies or mechanisms they use to mitigate those risks.


Sustainable industries (e.g., renewable energy or sustainable forestry): 


Ventika Wind Farm: https://www.nadb.org/es/nuestros-proyectos/proyectos-de-infraestructura/proyectos-de-energia-eolica-ventika--ventika-ii-en-general-bravo-nuevo-leon


Sierra Gorda Reserve: https://sierragorda.net/en/home/


Tuto Power: Qualified Renewable Energy Supply to large consumers, Distributed Generation and Physical Monitoring and Control Services


https://www.tutopower.com/


 


Percentage of the institution's investment pool in positive sustainability investments:
27.14

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:
PoliticaInversionesSostenibilidad.pdf

None
The sustainable investment policy:
---

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:

For third-party managed investments, a due diligence process will be carried out to evaluate the approaches used to incorporate ESG criteria, both by the product manager and the vehicle of interest. The aim is to ensure coherence with the objectives of our internal sustainable investment policy. These analyses may be complemented by assessments of the ESG performance of the vehicles in which investments are made, based on information obtained from reports generated by the managers or external ESG information providers.


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:
---

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:
---

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:
---

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.