| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 75.01 |
| Liaison | Jen Crothers |
| Submission Date | Aug. 4, 2015 |
| Executive Letter | Download |
University of British Columbia
PA-13: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
2.00 / 2.00 |
Peter
Smailes Treasurer Treasury |
Does the institution have a formally established and active committee on investor responsibility (CIR) or similar body that has multi-stakeholder representation (i.e. includes faculty, staff, and students) and otherwise meets the criteria for this credit?:
The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:
The Responsible Investment Committee is a working group mandated to advise the Finance Committee of the Board of Governors on matters of responsible investment policy. The Committee is responsible to the Board of Governors of the University for recommending how to integrate responsible investment into endowment investment processes. The Committee will also review Responsible Investment proposals received the Finance Committee of the Board or from University stakeholders.
Members of the CIR, including affiliations and role (e.g. student, faculty, alumni):
The Committee consists of 9 members, excluding the ex officio members:
• The Chair of the Finance Committee of the Board
• 5 Members of the UBC Board of Governors appointed by the Chair of the Board in
consultation with the Chair of Finance; one of which will be elected by Faculty, one
elected by Staff, and one elected by Students
• 1 Member of the UBC Alumni Association Board of Directors
• 1 Member of the IMANT Board of Directors (independent)
• The Vice‐President, Finance, Resources and Operations.
Ex Officio Members
• The Chair of the UBC Board of Governors
• The President and Vice‐Chancellor of the University
• The Chancellor of the University
As outlined in UBC’s Endowment Responsible Investment Policy, the Committee will review Responsible Investment proposals that have broad support from University stakeholders and follow the criteria outlined in the Policy. For the purpose of review of a proposal, University stakeholders will be defined in the following constituencies:
• Students
• Faculty
• Staff
• Alumni
In the case of a divestment proposal, evidence of support from at least 2 Constituencies via:
- A referendum by the students of The University of British Columbia (as a system) that has achieved a majority (50% +1) and a quorum of at least 20% of eligible votes.
- A referendum by the Faculty (across both campuses) that has achieved a majority (50% +1) and a quorum of at least 20% of eligible votes
- A referendum by the Staff (across both campuses) that has achieved a majority (50% +1) and a quorum of at least 20% of eligible votes
- A written request from the Alumni Association Board.
Full details are available on UBC’s Endowment Responsible Investment Policy (http://treasury.ubc.ca/files/2014/04/ubc-endowment-responsible-investment-policy-apr2014.pdf) which was approved by the UBC Board of Governors in April 2014.
Date Revised: Sept. 21, 2015
Examples of CIR actions during the previous three years:
The Responsible Investment Committee was established in 2010 and has worked to develop the Endowment Responsible Investment Policy (http://treasury.ubc.ca/files/2014/04/ubc-endowment-responsible-investment-policy-apr2014.pdf) which was approved by the UBC Board of Governors in April 2014.
The Committee has recommended and the UBC Investment Management Trust (IMANT) has joined the Canadian Coalition of Good Governance.
The website URL where information about the CIR is available:
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.