| Overall Rating | Gold |
|---|---|
| Overall Score | 80.84 |
| Liaison | Teddy Lhoutellier |
| Submission Date | April 26, 2024 |
University of Miami
PA-10: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
3.05 / 5.00 |
Teddy
Lhoutellier Sustainability Manager Environmental Health and Safety |
Total value of the investment pool:
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) | 167,091,488 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 funds funded from the endowment | 0 US/Canadian $ |
A brief description of the companies, funds, and/or institutions referenced above:
Sustainability investment funds: 33.5% of public investments are in investments with ESG integration
Percentage of the institution's investment pool in positive sustainability investments:
Does the institution have a publicly available sustainable investment policy?:
A copy of the sustainable investment policy:
The sustainable investment policy:
The University of Miami has a Socially Responsible Investments Policy but the policy is not publicly available.
Does the institution use its sustainable investment policy to select and guide investment managers?:
A brief description of how the sustainable investment policy is applied:
Investment managers must adhere to any thresholds or restrictions outlined in our Socially Responsible Investments Policy. If not, the manager is not invested in.
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?:
A copy of the proxy voting guidelines or proxy record:
A brief description of how managers are adhering to proxy voting guidelines:
Our Investment Managers are responsible for proxy voting where assets are not held in a commingled vehicle, complying with the University’s Socially Responsible Investments Policy and voting all proxies related to equity holdings in accordance with that policy, in a timely fashion, and in the best economic interests of the University.
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?:
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
The University conducts an annual DEI questionnaire with all of our managers.
Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
A brief description of the divestment effort or negative screens and how they have been implemented:
THE GROWTH POOL WILL PHASE OUT DIRECTLY HELD INVESTMENTS IN FOSSIL FUEL-SPECIFIC INVESTMENT MANAGERS BY 2028. THIS INCLUDES NOT MAKING ANY NEW INVESTMENTS IN FOSSIL FUEL-SPECIFIC INVESTMENT MANAGERS. THIS IS DEFINED AS FUNDS WITH MORE THAN 50% OF ASSETS INVESTED IN COMPANIES ENGAGED IN EXPLORATION, PRODUCTION, REFINING and MARKETING OF COAL AND OIL AND GAS.
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?:
A brief description of the investor networks and/or collaborations:
Investment Diversity Advisory Council (IDAC) is an independent organization designed to promote real change and equity across all aspects of the investment ecosystem. The Investment Office participates in their programming.
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:
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.