| Overall Rating | Silver |
|---|---|
| Overall Score | 59.36 |
| Liaison | Ben Dharmendra |
| Submission Date | July 30, 2021 |
University of Sydney
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 2.00 |
Zoe
Morrison Strategy Advisor Strategy Office |
"---"
indicates that no data was submitted for this field
Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
Yes
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:
The University's governing body, the Senate has an Investment Subcommittee, which monitors and advises the Finance Committee on matters relating to the University’s investment portfolio with particular reference to, inter alia, the sustainability of investment strategies:
https://www.sydney.edu.au/about-us/governance-and-structure/governance/senate/senate-committees/finance-committee/investment-subcommittee.html
The Finance Investment Subcommittee (FAC ISC) is responsible for the ESG framework implementation and monitoring under the Investment Policy 2017. ESG requirements, expectations and considerations are set out in Clause 9, Integrated ESG framework, of the Investment Policy 2017 - https://www.sydney.edu.au/policies/showdoc.aspx?recnum=PDOC2012/258&RendNum=0
https://www.sydney.edu.au/about-us/governance-and-structure/governance/senate/senate-committees/finance-committee/investment-subcommittee.html
The Finance Investment Subcommittee (FAC ISC) is responsible for the ESG framework implementation and monitoring under the Investment Policy 2017. ESG requirements, expectations and considerations are set out in Clause 9, Integrated ESG framework, of the Investment Policy 2017 - https://www.sydney.edu.au/policies/showdoc.aspx?recnum=PDOC2012/258&RendNum=0
Does the CIR include academic staff representation?:
Yes
Does the CIR include non-academic staff representation?:
No
Does the CIR include student representation?:
No
Members of the CIR, including affiliations and role:
Composition and membership
Chair and ex-officio members
Chair appointed by Senate (not a staff or student Fellow)
* Dr Lisa McIntyre - Chair (Current term as Chair Jun 2020 – May 2022)
* Belinda Hutchinson AC, Chancellor - ex-officio member (Term as Chancellor
Feb 2013 – Feb 2025)
* Richard Freudenstein, Deputy Chancellor - ex-officio member (Term as Deputy Chancellor Dec 2017 – Mar 2022)
* Professor Stephen Garton AM, Vice-Chancellor - ex-officio member (Term as Vice-Chancellor Dec 2020 - present) - Academic representative
* Karen Mose, Chair of the Finance and Audit Committee (Term as Chair of the Finance and Audit Committee Jan 2018 – May 2022)
Fellows of senate
* One Fellow of Senate is appointed by Senate after consultation by the chair of the subcommittee with the Chancellor and the Vice-Chancellor.
Member
To remain vacant given the appointment of three external members
External members
A minimum of one and up to two external members with appropriate professional expertise and experience appointed by Senate on the recommendation of the chair of the subcommittee. Senate may, on the advice of the subcommittee, or on its own volition, co-opt additional members as required.
Member
* Ian Macoun (Term Jan 2018 – May 2021)
As member of the Investment and Commercialisation Committee Mar 2010 – Dec 2017
* John Livanas (Term August 2019 - May 2021)
Attendees
Others determined by the Chair
* Stephen Phillips, Vice-Principal (Operations)
* Wayne Andrews, Chief Financial Officer
* Miles Collins, Chief Investment Officer
Chair and ex-officio members
Chair appointed by Senate (not a staff or student Fellow)
* Dr Lisa McIntyre - Chair (Current term as Chair Jun 2020 – May 2022)
* Belinda Hutchinson AC, Chancellor - ex-officio member (Term as Chancellor
Feb 2013 – Feb 2025)
* Richard Freudenstein, Deputy Chancellor - ex-officio member (Term as Deputy Chancellor Dec 2017 – Mar 2022)
* Professor Stephen Garton AM, Vice-Chancellor - ex-officio member (Term as Vice-Chancellor Dec 2020 - present) - Academic representative
* Karen Mose, Chair of the Finance and Audit Committee (Term as Chair of the Finance and Audit Committee Jan 2018 – May 2022)
Fellows of senate
* One Fellow of Senate is appointed by Senate after consultation by the chair of the subcommittee with the Chancellor and the Vice-Chancellor.
Member
To remain vacant given the appointment of three external members
External members
A minimum of one and up to two external members with appropriate professional expertise and experience appointed by Senate on the recommendation of the chair of the subcommittee. Senate may, on the advice of the subcommittee, or on its own volition, co-opt additional members as required.
Member
* Ian Macoun (Term Jan 2018 – May 2021)
As member of the Investment and Commercialisation Committee Mar 2010 – Dec 2017
* John Livanas (Term August 2019 - May 2021)
Attendees
Others determined by the Chair
* Stephen Phillips, Vice-Principal (Operations)
* Wayne Andrews, Chief Financial Officer
* Miles Collins, Chief Investment Officer
None
Examples of CIR actions during the previous three years:
The University first started measuring its carbon footprint of its investments in 2014. Over this period, the University has reduced its carbon intensity by 69.9% and its absolute emissions have come down by 79.0% as of 30 Sept 2020.
Optional Fields
Additional documentation to support the submission:
Data source(s) and notes about the submission:
At the time of submission, the University is currently reviewing its investment portfolio as linked to targets under our new Sustainability Strategy. This will see changes made to our investor responsibilities, increasing our sustainable investments portfolio and new guidelines on our expectations for our fund managers.
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.