Overall Rating Gold
Overall Score 73.25
Liaison Meredith Moore
Submission Date Feb. 25, 2022

STARS v2.2

University of Illinois, Urbana-Champaign
PA-9: Committee on Investor Responsibility

Status Score Responsible Party
Complete 2.00 / 2.00 Meredith Moore
Sustainability Programs Coordinator
Institute for Sustainability, Energy, and Environment
"---" 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?:

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 University of Illinois Joint Advisory Committee on Investment, Licensing, and Naming Rights provides advice to the Chancellor’s Office on issues of social responsibility related to investments, licensing, and naming rights consistent with the values of the university. This committee expanded from the previously named "Joint Advisory Committee on Socially Responsible Licensing and Investment". This group is the primary committee to discuss the Illinois Sustainable Investment Act. Additionally, fossil fuel divestment was formally recommended by the Joint Advisory Committee on Socially Responsible Licensing and Investment.

Additional issues within its responsibility include, but are not limited to, licensing of the campus’s names, symbols, and insignia; supporting workers’ rights and fair labor practices; sponsorship of products; and corporate social responsibility more generally.

The Board of Trustees develops basic University policy on investments and delegates the execution of those policies to its administrative agents, who are required to be guided by the Board's policies and report to the Board. The Comptroller has been delegated transaction authority to assist the Audit, Budget, Finance, and Facilities Committee of the Board in the areas of investments and banking. That Committee meets regularly to review the University's investment program. The investment policy describes the overall level of risk the Board of Trustees deems appropriate.

The Vice President/Chief Financial Officer and Comptroller is authorized to manage University investments at his/her discretion consistent with the Board of Trustees' policy and/or with investment managers appointed by the Board of Trustees.

The investment function is centralized in Treasury Operations. The Vice President/Chief Financial Officer and Comptroller has delegated to the Senior Assistant Vice President for Treasury Operations the authority and responsibility to develop, and, after necessary consultations, disseminate guidelines and procedures regarding the investment of University funds. The Senior Assistant Vice President for Treasury Operations is also authorized to develop, install, and oversee the operations of suitable business systems to accomplish this function. The Senior Assistant Vice President for Business and Finance or delegate is responsible for the security and administration of University bank accounts. The Senior Director of Treasury Operations is responsible for the daily management of University bank balances and general oversight of EFT activity. Requests for exceptions to approved investment policies should be addressed to the Comptroller.

The Senior Assistant Vice President for Treasury Operations is also responsible and has authority for day-to-day investment operations. Endowment investment transactions are reported to the Board of Trustees. Investment managers are appointed by the Board of Trustees to execute the policy and invest the assets in accordance with established policy, but apply their own judgments concerning relative investment values. Investment managers are accorded full discretion, within policy limits, to select individual investments and diversify their portfolios.


The U of I’s investment assets are managed in two parts. The University of Illinois Foundation, a 501(c)3 organization, controls the bulk of the endowment, or about $2.2 billion, investing funds given in support of the
three universities in Urbana, Chicago, and Springfield. That process is overseen by an Investment Policy Committee that reports to the Foundation’s board.


Does the CIR include academic staff representation?:

Does the CIR include non-academic staff representation?:

Does the CIR include student representation?:

Members of the CIR, including affiliations and role:

The Committee shall consist of:
Five members of the faculty;

One academic professional;

Three students, including at least one undergraduate student and at least one graduate or professional student;

A representative from the University of Illinois Extension, designated by the Director of Extension (ex officio with vote);

The representative of the Division of Intercollegiate Athletics with responsibility for licensing and corporate sponsorships, designated by the Director of DIA (ex officio with vote);

The campus’s representative to the University Caucus of the Worker Rights Consortium (ex officio with vote);

A member of the Office of the Chancellor designated by the Chancellor (ex officio).

Examples of CIR actions during the previous three years:

The University of Illinois Joint Advisory Committee on Investment, Licensing, and Naming Rights worked on implementing the Sustainable Investors Policy and formally recommended to the Chancellor that the University of Illinois divest from fossil fuels.

Website URL where information about the institution’s committee on investor responsibility is available:
Additional documentation to support the submission:

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.