|Overall Rating||Gold - expired|
|Submission Date||May 18, 2011|
University of California, San Diego
Tier2-2: Socially Responsible Investment Policy
|0.25 / 0.25||
Director Building Commissioning & Sustainability
Auxiliary & Plant Services
Does the institution have a policy or directive to consider the social and/or environmental impacts of investment decisions, in addition to financial considerations?:
A brief description of the socially responsible investment policy:
Issues that are controversial or relate to social issues (i.e., tobacco issues, animal testing, military contracts, etc.) are reviewed on a case-by-case basis in light of their potential long-term economic impact on shareholders, along with ongoing review of company codes of conduct and social responsibility, any existing UC policies, and the advice of independent proxy monitor services. This may result in a vote against management if the company is not reasonably responsive to shareholder concerns.
Regents Policy 6302: Policy on Divestment of University Holdings in Companies with Business Operations in Sudan mandates a divestment in the following companies involved with fossil fuels: Bharat Heavy Electricals Ltd., China Petroleum and Chemical Corp. (Sinopec), Oil & Natural Gas Co. Ltd., PECD Bhd., PetroChina Company Ltd., CNPC Hong Kong, MISC Berhad (Petronas), Lundin Petroleum and AREF Investment Group held within separately managed equity portfolios of the University of California Retirement Plan (UCRP) and the General Endowment Pool (GEP). The disinvestment policy is due to these companies' involvement with fossil fuels and the suffering in the Darfur region of Sudan .
The website URL where information about the policy is available: