Overall Rating Gold
Overall Score 82.53
Liaison Pierre Lemay
Submission Date Dec. 23, 2016
Executive Letter Download

STARS v2.1

Universite Laval
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 0.67 / 4.00 Pierre Lemay
Development Advisor
Executive Vice-rectorate
"---" 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:
189000000 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 loan funds that are funded from the endowment 0 US/Canadian $

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

Percentage of the institution's investment pool in positive sustainability investments:
0

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:
---

The sustainable investment policy:
---

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:

Upon selection, the investment committee takes into account the ratification of the UNPRI by the fund managers and the use of a sustainable investment policy. Also, the investment committee review its sustainable investment practices in its annual report. Finally, the committee is regularly evaluating new sustainable investment practices to implement.


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

A copy of the proxy voting guidelines or proxy record:
---

A brief description of how managers are adhering to proxy voting guidelines:

Université Laval and Université Laval Foundation have retained the services of Groupe investissement responsable inc. (GIR) to carry out proxy voting on their behalf for the segregated stocks portion of the common investment portfolio. The votes are cast according to the Caucus Policy developed by GIR and reviewed annually with inputs by the clients. The policy is described by GIR as “the most progressive voting-rights policies in the industries. It is a product of the collaborative effort between GIR experts and the clients who use it.” The votes for the funds portion of the investment portfolio are cast according to the manager’s policy, which is taking into account upon selection and reviewed periodically.


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:
---

Does the institution have a publicly available investment policy with negative screens?:
No

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

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

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

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

The website URL where information about the programs or initiatives is available:
---

Additional documentation to support 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 and complete the Data Inquiry Form.