Overall Rating Gold - expired
Overall Score 68.26
Liaison Chris Bond
Submission Date March 22, 2019
Executive Letter Download

STARS v2.1

Unity Environmental University
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.22 / 4.00 Stacey Hachey
Administrative Assistant
Sustainability
"---" indicates that no data was submitted for this field

Does the institution wish to pursue Option 1 (positive sustainability investment)?:
Yes

Total value of the investment pool:
14,680,667 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 351,181 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 loan funds that are funded from the endowment 140,000 US/Canadian $

A brief description of the companies, funds, and/or institutions referenced above:

As part of a balanced portfolio, Unity College currently invests in iShares Global Clean Energy.


Percentage of the institution's investment pool in positive sustainability investments:
3.35

Does the institution wish to pursue Option 2 (investor engagement)?:
Yes

Does the institution have a publicly available sustainable investment policy?:
No

A copy of the sustainable investment policy:
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The sustainable investment policy:
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Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

A brief description of how the policy is applied, including recent examples:

The policy is applied through the investment committee of the Trustees by selecting specific investment advisers. The current advisers have created a new investment benchmark for performance of the college endowment.


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

A copy of the proxy voting guidelines or proxy record:
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A brief description of how managers are adhering to proxy voting guidelines:
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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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Does the institution have a publicly available investment policy with negative screens?:
Yes

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

"In keeping with the College’s commitment to environmental sustainability, fossil fuel producers shall constitute <1% of the endowment portfolio." The interpretation of “fossil fuel producers” is 350.org’s definition, meaning that the College excludes the top 200 oil companies listed in Carbon Tracker.


Approximate percentage of the endowment that the negative screens apply to:
100

Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
Yes

A brief description of the investor networks and/or collaborations:

Unity College is a founding member of the Intentional Endowments Network. http://www.intentionalendowments.org/membership We support initiatives and use resources available to members.


The website URL where information about the programs or initiatives 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.