|Submission Date||Jan. 28, 2011|
University of South Florida
PAE-17: Shareholder Advocacy
This credit was marked as Not Pursuing so Reporting Fields will not be displayed.
University response: The University’s investment portfolio is largely fixed income and exclusively held in mutual funds. The mutual funds will have the direct corporate investments and the opportunity to vote their shares. The University is principally invested in broadly diversified fixed income index funds. The University does not hold direct investments.
Foundation response: The Foundation's investments are predominately commingled and mutual funds which do not provide direct ownership of corporate stock. Each of our managers employs a third party firm that votes according to shareholders’ best interest, taking environmental impact and other sustainability issues into account when appropriate. We have the ability to communicate our concerns to our managers if needed. During the last three years, we have not determined there was any need to do so. We expect the companies that we invest in to operate under the letter of the law as far as environmental regulations are concerned. If we had a position in a company that conducts business in a questionable manner, we would inquire as appropriate. During the last three years, we have not determined there was any need to do so.
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.