Overall Rating Silver
Overall Score 60.32
Liaison Andy Mitchell
Submission Date July 16, 2021

STARS v2.2

University of Illinois Chicago
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 2.08 / 3.00
"---" indicates that no data was submitted for this field

Total value of the investment pool:
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 $

A brief description of the companies, funds, and/or institutions referenced above:

BlackRock ESG Insights Fund, Illinois Emerging Technologies Fund


Percentage of the institution's investment pool in positive sustainability investments:
5.00

Does the institution have a publicly available sustainable investment policy?:
Yes

A copy of the sustainable investment policy:
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.


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.


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?:
Yes

A copy of the proxy voting guidelines or proxy record:
---

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


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?:
Yes

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
Does the institution participate in a public divestment effort and/or have a publicly available investment policy with 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:
---

Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
No

A brief description of the investor networks and/or collaborations:

The University will become a member of the Intentional Endowment Network in 2021.


Website URL where information about the institution’s sustainable investment efforts is available:
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.