| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 49.76 |
| Liaison | Aurora Sharrard |
| Submission Date | Feb. 28, 2018 |
| Executive Letter | Download |
University of Pittsburgh
PA-8: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
1.50 / 2.00 |
Richard
Heller Senior Electrical Engineer Facilities Management |
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Does the institution have a formally established and active committee on investor responsibility (CIR) that makes recommendations to fund decision-makers on socially and environmentally responsible investment opportunities across asset classes?:
Yes
None
The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:
In May 2017, the University Senate unanimously approved a resolution regarding the University’s fossil fuel investments. The resolution “encourages the Chancellor to form a committee of faculty, staff, students, and administration, and initiate a systematic process for consideration of socially responsible investing as a strategy for the University to orient its investments, and issue a public report on its work and findings in support of this decision process.”
Senate President Frank Wilson, who was a member of the ad hoc committee behind the resolution, mentioned that the committee’s discussion expanded to include socially responsible investing and the Board of Trustees’ fiduciary responsibility to preserve and increase the University’s endowment.
In December 2017, members were appointed to a committee established by the University’s administration to examine approaches to socially responsible investment of the University’s endowments. The group will look at how other universities and nonprofits approach socially responsible investing and will examine the merits and trade-offs of such approaches if Pitt were to implement them.
The Pitt community will have opportunities to provide input in the committee’s discussions.
The University currently uses and will continue to consider active investment managers who take into account environmental and sustainability factors when making investment decisions on behalf of the University.
Does the CIR include staff representation?:
No
Does the CIR include faculty representation?:
Yes
Does the CIR include student representation?:
Yes
Members of the CIR, including affiliations and role (e.g. student, faculty, staff, alumni):
• Chair - David Denis, a faculty member in the Joseph M. Katz Graduate School of Business;
• CB Bhattacharya, a faculty member in the Katz School;
• Ronald Brand, a faculty member in the School of Law;
• Michael Goodhart, a faculty member in the Department of Political Science;
• Max Kneis, Student Government Board president; and
• Sarah Grguras, an active member of the Fossil Free Pittsburgh Coalition.
None
Examples of CIR actions during the previous three years:
The committee was established in December 2017.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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