Overall Rating Platinum
Overall Score 86.01
Liaison Patrick McKee
Submission Date March 6, 2020
Executive Letter Download

STARS v2.1

University of Connecticut
PA-8: Committee on Investor Responsibility

Status Score Responsible Party
Complete 0.50 / 2.00 Richard Miller
Director
Ofice of Environmental Policy
"---" indicates that no data was submitted for this field

Does the institution have a formally established and active committee on investor responsibility (CIR) that makes recommendations to fund decision-makers on socially and environmentally responsible investment opportunities across asset classes?:
Yes

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 UConn Foundation’s Investment Committee, in its role as a prudent steward of institutional assets, will be aware of environmental, social, and governance (ESG) principles as well as established Socially Responsible Investment (SRI) principles in its investment process. Within the context of its fiduciary responsibilities, including the duty to achieve maximized, risk-adjusted investment returns, the Investment Committee will consider such principles on an ongoing basis in the administration of the Foundation’s investment portfolio. Issues that are controversial or relate to social issues are reviewed on a case by case basis to incorporate their potential long-term economic impacts through the monitoring of released quarterly reports from fund managers in relevant investments.

Therefore, while the Foundation’s Investment Committee is a broad committee that oversees the institution’s investments, the Committee has made social and environmental responsibility an explicit part of its mission and regular component of its investment process. A public statement reflecting this commitment is linked below.

https://www.foundation.uconn.edu/statement-on-socially-responsible-investing/


Does the CIR include staff representation?:
Yes

Does the CIR include faculty representation?:
No

Does the CIR include student representation?:
No

Members of the CIR, including affiliations and role (e.g. student, faculty, staff, alumni):

Scott Roberts, Foundation President & CEO, Staff
Drew Figdor, Tiedemann Investment Group, Alumni
Steven Greenspan, United Technologies, Alumni
Bob Sherman, Shenkman Capital Management, Alumni
Ben Michelson, Sail Harbor Capital LLC, Alumni
Tony Rizza, Columbus Circle Investors, Alumni
Joe Parsons, Bridgewater Associates, LP, Alumni
Al Foreman, Tuatara Capital, Alumni
David Ford, Latigo Partners, LP, Alumni
Noha Carrington, Uplift, Inc., Alumni
John Malfettone, Clayton, Dubilier & Rice LLC, Alumni


Examples of CIR actions during the previous three years:

On an ongoing basis, the UConn Foundation’s Investment Committee and investment staff are regularly engaged in discussions with numerous University stakeholders on the topic of socially responsible investing. These stakeholders include students, faculty and university staff.

Additionally, the Committee has recently taken steps to further educate itself on the best practices in socially responsible investing employed by peer institutions, both through professional relationship and a broad review of publicly available data on such institutions. The Investment Committee has made great efforts to review its approach to these issues and evaluate the alignment of its investment philosophy with the issues facing modern investors. One action that has been taken is the switch to BlackRock as the UConn Foundation's fund manager. BlackRock has pledged no further investment in coal and committed to begin exiting current investments in any companies that generate more than a quarter of their revenue from coal production.


The website URL where information about the programs or initiatives is available:
Additional documentation to support the submission:
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