Overall Rating Silver
Overall Score 53.65
Liaison Mike Harrington
Submission Date Dec. 17, 2021

STARS v2.2

The New School
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 1.25 / 3.00
"---" indicates that no data was submitted for this field

Part 1. Positive sustainability investment

Total value of the investment pool:
367,100,000 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:
---

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:
ACIR-Proxy-Voting-Guidelines(2).pdf

None
The sustainable investment policy:
Policies and Procedures on Investment Responsibility uploaded above.

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 IC considers multiple factors in selecting investments including the Policies and Procedures on Investment Responsibilities

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?:
Yes

None
A copy of the proxy voting guidelines or proxy record:
acir-proxy-voting-report-2017.pdf

None
A brief description of how managers are adhering to proxy voting guidelines:
Proxy voting preferences are sent to managers annually and managers report back. Managers adhere to guidelines some of the time.

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?:
Yes

A brief description of the divestment effort or negative screens and how they have been implemented:
The New School has largely divested from fossil fuels and regularly monitors this to ensure minimal investment within the portfolio.

Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
0.31

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?:
Yes

None
A brief description of the investor networks and/or collaborations:
The ACIR has held and attended multiple conferences related to socially responsible investment and sustainability, participants include other universities and organizations interested in SRI.

Optional Fields 

Website URL where information about the institution’s sustainable investment efforts is available:
https://sites.google.com/newschool.edu/acir/acir?authuser=0

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.