Overall Rating | Silver - expired |
---|---|
Overall Score | 60.32 |
Liaison | Andy Mitchell |
Submission Date | July 16, 2021 |
University of Illinois Chicago
PA-10: Sustainable Investment
Status | Score | Responsible Party |
---|---|---|
2.08 / 5.00 |
"---"
indicates that no data was submitted for this field
Part 1. Positive sustainability investment
3,644,558,414
US/Canadian $
Value of holdings in each of the following categories:
Value of holdings | |
Sustainable industries (e.g., renewable energy or sustainable forestry) | 0 US/Canadian $ |
Businesses selected for exemplary sustainability performance (e.g., using criteria specified in a sustainable investment policy) | 0 US/Canadian $ |
Sustainability investment funds (e.g., a renewable energy or impact investment fund) | 181,232,672 US/Canadian $ |
Community development financial institutions (CDFIs) or the equivalent | 1,045,983 US/Canadian $ |
Socially responsible mutual funds with positive screens (or the equivalent) | 0 US/Canadian $ |
Green revolving funds funded from the endowment | 0 US/Canadian $ |
If any of the above is greater than zero, provide:
BlackRock ESG Insights Fund, Illinois Emerging Technologies Fund
Percentage of the institution's investment pool in positive sustainability investments:
5.00
Part 2. Investor engagement
Sustainable investment policy
Yes
None
A copy of the sustainable investment policy:
None
The sustainable investment policy:
Sustainable Investing:
In accordance with the Illinois Sustainable Investing Act (30 ILCS 238/), investment staff will strive to prudently integrate environmental impact, social impact and governance factors across the investment program, including investment decision-making, investment analysis, portfolio construction, due diligence and investment ownership. Factors to be considered may include, but are not limited to: (1) corporate governance and leadership factors; (2) environmental factors; (3) social capital factors; (4) human capital factors; and (5) business model and innovation factors.
In accordance with the Illinois Sustainable Investing Act (30 ILCS 238/), investment staff will strive to prudently integrate environmental impact, social impact and governance factors across the investment program, including investment decision-making, investment analysis, portfolio construction, due diligence and investment ownership. Factors to be considered may include, but are not limited to: (1) corporate governance and leadership factors; (2) environmental factors; (3) social capital factors; (4) human capital factors; and (5) business model and innovation factors.
None
Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes
A brief description of how the sustainable investment policy is applied:
The University System Investment Office seeded the BlackRock ESG Insights Fund in April 2020. The University actively considers sustainable private market funds and engages with all investment firms regarding sustainability practices and UN PRI membership.
Proxy voting
Yes
None
A copy of the proxy voting guidelines or proxy record:
---
None
A brief description of how managers are adhering to proxy voting guidelines:
BlackRock votes on behalf of the University in its public equity investments under a protocol that carefully aligns with sustainability and other ESG metrics. https://www.blackrock.com/corporate/about-us/investment-stewardship
Shareholder resolutions
Yes
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
BlackRock has engaged in these activities on our behalf. https://www.blackrock.com/corporate/literature/press-release/blk-vote-bulletin-chevron-may-2020.pdf
Divestment efforts and negative screens
No
A brief description of the divestment effort or negative screens and how they have been implemented:
---
Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
---
Investor networks
No
None
A brief description of the investor networks and/or collaborations:
The University will become a member of the Intentional Endowment Network in 2021.
Optional Fields
Additional documentation to support the submission:
---
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.