| Overall Rating | Silver |
|---|---|
| Overall Score | 54.38 |
| Liaison | Jennifer Martel |
| Submission Date | Jan. 31, 2023 |
University of the Fraser Valley
PA-10: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
0.75 / 3.00 |
Total value of the investment pool:
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 $ |
A brief description of the companies, funds, and/or institutions referenced above:
As detailed in the attached approach to investment, Environmental, Social, Governance (ESG) factors are considered in all the investment in which UFV has a portfolio invested. However, current reporting does not provided additional details in the categories provided in this credit, and this will be noted for future work at UFV and for future submissions.
More information on the portfolios invested in by UFV and RBC's approach to responsible investments are detailed below:
RBC Vision Core Funds: Investment Principles
RBC Vision Funds are a family of funds that invest primarily in the securities of companies that conduct themselves in a socially responsible manner. The RBC Vision Funds’ Investment Principles set out the screening criteria used to assess the environmental, social and governance (ESG) performance of companies. Companies that do not meet these standards may be placed on a list of ineligible securities, which is a list of companies whose securities cannot be held in RBC Vision Fund
https://funds.rbcgam.com/pdf/rbc-vision-funds-investment-principles.pdf
https://www.rbcgam.com/documents/en/articles/approach-to-responsible-investment.pdf
Percentage of the institution's investment pool in positive sustainability investments:
Does the institution have a publicly available sustainable investment policy?:
A copy of the sustainable investment policy:
The sustainable investment policy:
Does the institution use its sustainable investment policy to select and guide investment managers?:
A brief description of how the sustainable investment policy is applied:
Specific reference is included in the Policy as requirements of UFV's Investment Managers. This is then built into the university’s Investment Mandate with the Investment Manager. Confirmation of the Investment Managers Investment Principles are considered and requested.
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?:
A copy of the proxy voting guidelines or proxy record:
A brief description of how managers are adhering to proxy voting guidelines:
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?:
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
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:
Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
A brief description of the investor networks and/or collaborations:
UFV is a part of CAUBO (Canadian Associate of University Business Officers) Investment Survey. Webinars and peer institution presentations – current environment updates and best practices.
*CAUBO is a non-profit professional organization representing the chief administrative and financial officers at over 100 universities and affiliated colleges in Canada.
Website URL where information about the institution’s sustainable investment efforts is available:
Additional documentation to support the submission:
Data source(s) and notes about the submission:
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.