| Overall Rating | Gold |
|---|---|
| Overall Score | 82.88 |
| Liaison | Patrick McKee |
| Submission Date | Nov. 16, 2023 |
University of Connecticut
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 2.00 |
Patrick
McKee Senior Sustainability Program Manager Office of Sustainability |
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indicates that no data was submitted for this field
Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
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/
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 academic staff representation?:
No
Does the CIR include non-academic staff representation?:
Yes
Does the CIR include student representation?:
No
Members of the CIR, including affiliations and role:
Noha Carrington, Wellpay Corp, Alumni
Craig Ashmore, Platinum Equity, Alumni
Mark Beaudoin, Ziff Capital Partners, Alumni
Ben Michelson, Sail Harbor Capital, Alumni
David Ford, Pretium Partners, Alumni
Jake Lemon, Foundation President and CEO, Staff
Joe Parsons, Bridgewater Associates (retired), Alumni
Tony Rizza, Columbus Circle Investors, Alumni
Lori Biancamano, GreenOak Real Estate, Alumni
Craig Ashmore, Platinum Equity, Alumni
Mark Beaudoin, Ziff Capital Partners, Alumni
Ben Michelson, Sail Harbor Capital, Alumni
David Ford, Pretium Partners, Alumni
Jake Lemon, Foundation President and CEO, Staff
Joe Parsons, Bridgewater Associates (retired), Alumni
Tony Rizza, Columbus Circle Investors, Alumni
Lori Biancamano, GreenOak Real Estate, Alumni
None
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. The UConn Foundation has approved several investments to diverse managers and climate impact funds and considers additional such investment opportunities regularly.
Recently, the UConn Foundation engaged with an independent ESG consultant to advise on best practices for identifying, measuring, and reporting on ESG risks and impacts and set goals. In partnership with the consultant, the Investment Committee and investment team looks to continue to build out tools to allow more efficient consolidation of ESG metrics in the investment portfolio to better respond to stakeholder inquiries.
Recently, the UConn Foundation engaged with an independent ESG consultant to advise on best practices for identifying, measuring, and reporting on ESG risks and impacts and set goals. In partnership with the consultant, the Investment Committee and investment team looks to continue to build out tools to allow more efficient consolidation of ESG metrics in the investment portfolio to better respond to stakeholder inquiries.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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