Overall Rating Gold - expired
Overall Score 76.20
Liaison Tori Grant
Submission Date Dec. 21, 2016
Executive Letter Download

STARS v2.1

University of Calgary
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.18 / 4.00 Jaclyn Perrot
Dir, Treasury & Investments
Finance
"---" indicates that no data was submitted for this field

Option 1: Positive Sustainability Investment 

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

Total value of the investment pool:
1,764,314,000 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) ---
Businesses selected for exemplary sustainability performance (e.g. using criteria specified in a sustainable investment policy) ---
Sustainability investment funds (e.g. a renewable energy or impact investment fund) ---
Community development financial institutions (CDFIs) or the equivalent 135,364,000 US/Canadian $
Socially responsible mutual funds with positive screens (or the equivalent) ---
Green revolving loan funds that are funded from the endowment ---

If any of the above is greater than zero, provide:

A brief description of the companies, funds, and/or institutions referenced above:
"The University has invested CA$135 million in certificates of deposit issued by Vancity Community Foundation (Vancity). Vancity is a public charity created to help gather together community resources, thereby realizing the potential that exists when it invests in the vision of communities. " This information is taken from the organization's website. http://vancitycommunityfoundation.ca/s/Home.asp

Percentage of the institution's investment pool in positive sustainability investments:
7.67

Option 2: Investor Engagement 

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

Sustainable Investment Policy 

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

None
A copy of the sustainable investment policy:
---

None
The sustainable investment policy:
---

None
Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

None
A brief description of how the policy is applied, including recent examples:
Consideration of ESG factors is an important part of fundamental analysis with an impact on investment returns. As part of the University's fiduciary responsibility, management asks current and potential investment managers how they incorporate ESG factors when selecting investments and favours managers with strong practices in this area.

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:
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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

None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
---

Negative Screens / Divestment Efforts 

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

None
A brief description of the negative screens and how they have been implemented:
---

None
Approximate percentage of the endowment that the 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?:
Yes

None
A brief description of the investor networks and/or collaborations:
University management keeps informed on developments and research focused on the impact of ESG factors in investing. This is done by a wide variety of methods including networking and collaboration with other post secondary institutions and by attending national conferences and events pertaining to investment management.

Optional Fields 

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