| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 66.51 |
| Liaison | Aurora Sharrard |
| Submission Date | Feb. 28, 2021 |
University of Pittsburgh
PA-11: Investment Disclosure
| Status | Score | Responsible Party |
|---|---|---|
|
0.00 / 1.00 |
Aurora
Sharrard Executive Director of Sustainability Office of Sustainability |
"---"
indicates that no data was submitted for this field
Does the institution make a snapshot of its investment holdings available to the public?:
No
None
A copy of the investment holdings snapshot:
---
Website URL where the investment holdings snapshot is publicly available:
Percentage of the total investment pool included in the snapshot of investment holdings at each of the following levels of detail:
| Percentage (0-100) | |
| Specific funds and/or companies | 0 |
| Investment managers and/or basic portfolio composition (i.e. asset classes), but not specific funds or companies | 100 |
Does the institution engage in proxy voting?:
No
Are proxy voting records included in the snapshot of investment holdings?:
No
Optional Fields
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Additional documentation to support the submission:
---
Data source(s) and notes about the submission:
CFO ANNUAL REPORT
The CFO’s FY19 Annual Report references some categories of the University’s investments here: http://www.cfo.pitt.edu/documents/FY19AnnualReport.pdf. (The annual report is usually completed in October of the following year, so FY20 is not complete yet).
ESG POLICY
In March 2020, the University of Pittsburgh’s Office of Finance established an Environmental, Social, and Governance Policy (ESG Policy) in March 2020, which will help inform investment decisions related to the institution’s Consolidated Endowment Fund.
The ESG Policy offers a systematic way for fund managers to make investment decisions after considering a range of factors, including: energy efficiency and use, hazardous materials management, water and land management, data protection and privacy, human rights, labor standards, product safety, regulatory compliance, business ethics and adherence to auditing standards.
The Office of Finance’s first annual Environmental, Social, and Governance Report is expected to highlight the policy’s impact and application as it relates to the University’s Consolidated Endowment Fund – and is slated for release in December 2021, for the period ending June 30, 2021.
PROXY VOTING
As documented in Credit PA-10, to date, the University outsources proxy voting to our external (and global) investment managers, some of which have robust ESG / SRI policies and/or are signatories to the UN PRI or other noteworthy organizations.
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.
REFERENCES
University of Pittsburgh’s Consolidated Endowment Fund (CEF) Environmental, Social, Governance (ESG)
Policy Statement: https://cfo.pitt.edu/documents/ESGPolicyFinal3-25-20.pdf
Official updates regarding the ESG and socially responsible investing (SRI) aspects of the University's Office of the CFO are online here: https://www.cfo.pitt.edu/reports-policies.php
The CFO’s FY19 Annual Report references some categories of the University’s investments here: http://www.cfo.pitt.edu/documents/FY19AnnualReport.pdf. (The annual report is usually completed in October of the following year, so FY20 is not complete yet).
ESG POLICY
In March 2020, the University of Pittsburgh’s Office of Finance established an Environmental, Social, and Governance Policy (ESG Policy) in March 2020, which will help inform investment decisions related to the institution’s Consolidated Endowment Fund.
The ESG Policy offers a systematic way for fund managers to make investment decisions after considering a range of factors, including: energy efficiency and use, hazardous materials management, water and land management, data protection and privacy, human rights, labor standards, product safety, regulatory compliance, business ethics and adherence to auditing standards.
The Office of Finance’s first annual Environmental, Social, and Governance Report is expected to highlight the policy’s impact and application as it relates to the University’s Consolidated Endowment Fund – and is slated for release in December 2021, for the period ending June 30, 2021.
PROXY VOTING
As documented in Credit PA-10, to date, the University outsources proxy voting to our external (and global) investment managers, some of which have robust ESG / SRI policies and/or are signatories to the UN PRI or other noteworthy organizations.
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.
REFERENCES
University of Pittsburgh’s Consolidated Endowment Fund (CEF) Environmental, Social, Governance (ESG)
Policy Statement: https://cfo.pitt.edu/documents/ESGPolicyFinal3-25-20.pdf
Official updates regarding the ESG and socially responsible investing (SRI) aspects of the University's Office of the CFO are online here: https://www.cfo.pitt.edu/reports-policies.php
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