Overall Rating Gold
Overall Score 66.00
Liaison Mindy Granley
Submission Date Nov. 4, 2019
Executive Letter Download

STARS v2.1

University of Minnesota, Duluth
PA-9: Sustainable Investment

Status Score Responsible Party
Complete 1.38 / 4.00 Mindy Granley
Sustainability Director
UMD Office of Sustainability
"---" indicates that no data was submitted for this field

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

Total value of the investment pool:
1426159000 US/Canadian $

Value of holdings in each of the following categories:
Value of Holdings
Sustainable industries (e.g. renewable energy or sustainable forestry) 20126000 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) 62255000 US/Canadian $
Green revolving loan funds that are funded from the endowment 0 US/Canadian $

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

Sustainable timber investments through private funds
Blackrock Low Carbon Index Mutual Fund


Percentage of the institution's investment pool in positive sustainability investments:
5.78

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

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

A copy of the sustainable investment policy:
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The sustainable investment policy:

The Board of Regents instituted a new policy 2 years ago that requires the Endowment Fund to report annually on the evaluation of investments related to sustainability and renewable energy.

This policy can be referenced here: https://regents.umn.edu/sites/regents.umn.edu/files/policies/Endowment_Fund.pdf


Does the institution use its sustainable investment policy to select and guide investment managers?:
Yes

A brief description of how the policy is applied, including recent examples:

It led to the investment in the Blackrock Low Carbon Index mutual fund and several searches for similar investment managers


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

A copy of the proxy voting guidelines or proxy record:
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A brief description of how managers are adhering to proxy voting guidelines:

The Endowment Fund does not directly hold equity securities; all proxy voting is conducted by the fund manager responsible for making the investment


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

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
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Does the institution have a publicly available investment policy with negative screens?:
No

A brief description of the negative screens and how they have been implemented:
---

Approximate percentage of the endowment that the negative screens apply to:
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Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
Yes

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

The Endowment Fund participates in investor networks to discuss and share best practices related to the investment policies of similarly sized institutions.


The website URL where information about the programs or initiatives is available:
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Additional documentation to support the submission:
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Investment happens at the U of M system level, therefore this data will be the same across all U of M campuses (Twin Cities, Duluth, Morris, Crookston, and Rochester).

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 and complete the Data Inquiry Form.