Overall Rating Gold - expired
Overall Score 69.47
Liaison Sally DeLeon
Submission Date Feb. 28, 2019
Executive Letter Download

STARS v2.1

University of Maryland, College Park
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 0.40 / 4.00 Sally DeLeon
Acting Manager
Environmental Safety, Sustainability and Risk
"---" indicates that no data was submitted for this field

Option 1: Positive Sustainability Investment 

Does the institution wish to pursue Option 1 (positive sustainability investment)?:
Yes

Total value of the investment pool:
968,861,000 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) 9,000,000 US/Canadian $
Community development financial institutions (CDFIs) or the equivalent 0 US/Canadian $
Socially responsible mutual funds with positive screens (or the equivalent) 0 US/Canadian $
Green revolving loan funds that are funded from the endowment ---

If any of the above is greater than zero, provide:

A brief description of the companies, funds, and/or institutions referenced above:
The University System of Maryland Foundation invests about $9 million from its endowment in an Exchange Traded Fund of companies with low carbon footprint targets. In January 2015, several investment staff members traveled to New York to ring the closing bell for the New York Stock Exchange to mark the launch of a new product, seeded solely by the United Nations and the USM Foundation. The product, iShares MSCI ACWI Low Carbon Target ETF (Ticker: CRBN), seeks to maintain global stock exposure while reducing the carbon footprint of an investment portfolio.

Percentage of the institution's investment pool in positive sustainability investments:
0.93

Option 2: Investor Engagement 

Does the institution wish to pursue Option 2 (investor engagement)?:
Yes

Sustainable Investment Policy 

Does the institution have a publicly available sustainable investment policy?:
No

None
A copy of the sustainable investment policy:
---

None
The sustainable investment policy:
---

None
Does the institution use its sustainable investment policy to select and guide investment managers?:
No

None
A brief description of how the policy is applied, including recent examples:
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Proxy Voting 

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?:
No

None
A copy of the proxy voting guidelines or proxy record:
---

None
A brief description of how managers are adhering to proxy voting guidelines:
---

Shareholder Resolutions 

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?:
No

None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
The University System of Maryland Foundation (USMF) does not hold direct investments in individual companies and therefore would not have the opportunity to file or co-file a shareholder resolution or submit a letter about social or environmental responsibility to a company in which it directly holds investments.

Negative Screens / Divestment Efforts 

Does the institution have a publicly available investment policy with negative screens?:
No

None
A brief description of the negative screens and how they have been implemented:
---

None
Approximate percentage of the endowment that the negative screens apply to:
---

Investor Networks 

Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
Yes

None
A brief description of the investor networks and/or collaborations:
The University System of Maryland Foundation is a signatory to the United Nations Principles for Responsible Investment, and a member of the Intentional Endowments Network. The Intentional Endowments Network is an organization that supports colleges, universities and other tax-exempt organizations in aligning their mission, values and sustainability goals without sacrificing financial returns. It provides opportunities for education and training, peer networking, convening, thought leadership and information exchange.

Optional Fields 

The website URL where information about the programs or initiatives is available:
http://www.usmf.org/about-the-foundation/statement-on-socially-responsible-investing/

Additional documentation to support the submission:
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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.