Overall Rating Silver - expired
Overall Score 62.83
Liaison Danielle Smith
Submission Date Aug. 11, 2020

STARS v2.2

University of New Brunswick, Fredericton
PA-10: Sustainable Investment

Status Score Responsible Party
Complete 1.00 / 3.00 Mike Hardy
Sustainability Officer
Facilities Management
"---" indicates that no data was submitted for this field

Part 1. Positive sustainability investment

Total value of the investment pool:
368,000,000 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) 0 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 $

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

A brief description of the companies, funds, and/or institutions referenced above:
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Percentage of the institution's investment pool in positive sustainability investments:
0

Part 2. Investor engagement

Sustainable investment policy 

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

None
A copy of the sustainable investment policy:
Statement on Sustainability Investing.pdf

None
The sustainable investment policy:
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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:
Sustainable Investment is one of the factors considered in the selection of investment managers. 99% of all investments are managed by an investment manager that follows ESG policies.

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?:
Yes

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

None
A brief description of how managers are adhering to proxy voting guidelines:
Proxy voting is delegated to the Committee’s external investment managers. The Committee will encourage fund managers to incorporate in their proxy voting guidelines policies that encourage issuers to increase transparency of their ESG policies, procedures, and activities. The Committee will expect investment managers to consider shareholder proposals on ESG issues on a case-by-case basis. However the Committee generally supports shareholder proposals asking corporations to adopt policies to report on their environmental, social and governance performance and strategy. Managers will be required to provide the Committee with a copy of their proxy voting guidelines, to maintain complete and accurate records of proxy votes cast, and to report annually on the execution of voting rights.

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

Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
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Divestment efforts and negative screens

Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
No

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

Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
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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:
UNB is a member of the Canadian Association of University Business Officers (CAUBO). This group shares resources on a wide variety of topics including responsible investing.

UNB also engages with their counterparts from other institutions to discuss best practices.

Optional Fields 

Website URL where information about the institution’s sustainable investment efforts is available:
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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.