Overall Rating | Silver |
---|---|
Overall Score | 60.64 |
Liaison | Amanda Kohn |
Submission Date | Feb. 13, 2024 |
University of Minnesota, Crookston
PA-10: Sustainable Investment
Status | Score | Responsible Party |
---|---|---|
2.46 / 5.00 |
"---"
indicates that no data was submitted for this field
Part 1. Positive sustainability investment
2,194,237,868
US/Canadian $
Value of holdings in each of the following categories:
Value of holdings | |
Sustainable industries (e.g., renewable energy or sustainable forestry) | 20,583,978 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) | 0 US/Canadian $ |
Community development financial institutions (CDFIs) or the equivalent | 0 US/Canadian $ |
Socially responsible mutual funds with positive screens (or the equivalent) | 186,673,737 US/Canadian $ |
Green revolving funds funded from the endowment | 0 US/Canadian $ |
If any of the above is greater than zero, provide:
BlackRock Low Carbon ETF, multiple BlackRock ESG Aware ETFs
Percentage of the institution's investment pool in positive sustainability investments:
9.45
Part 2. Investor engagement
Sustainable investment policy
Yes
None
A copy of the sustainable investment policy:
None
The sustainable investment policy:
The Board of Regents instituted a new policy 5 years ago that requires the Endowment Fund to report annually on the evaluation of investments related to sustainability and renewable energy. Additionally, the University shall consider environmental, social, and governance responsibilities in its investment decisions.This policy can be referenced here:
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 policy encourages proactive sourcing of sustainable investments and investments managed by emerging/minority-owned firms. The policy also paves the process for incorporation of ESG in the due diligence process.
Proxy voting
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
No
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
---
Divestment efforts and negative screens
Yes
A brief description of the divestment effort or negative screens and how they have been implemented:
The University has adopted a phased reduction plan for the ~1% of legacy fossil fuel exposure in private markets strategies. Additionally, no new investments will be made in the Carbon Underground 200 companies, or sectors responsible for the exploration and production of fossil fuels. Finally, the university holds multiple ESG-aware mutual funds that, in addition to employing positive ESG screens, also employ negative screens for carbon-intensive industries and companies.
Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
86
Investor networks
Yes
None
A brief description of the investor networks and/or collaborations:
The University is a UNPRI signatory, and the University's investment office participates in other investor networks to discuss and share best practices related to the investment policies of similarly sized institutions.
Optional Fields
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Additional documentation to support the submission:
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Data source(s) and notes about the submission:
Values as of 06/20/23
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.