Overall Rating Gold - expired
Overall Score 71.02
Liaison Nathan King
Submission Date Oct. 15, 2014
Executive Letter Download

STARS v1.2

Virginia Tech
PAE-18: Positive Sustainability Investments

Status Score Responsible Party
Complete 1.31 / 9.00 John Cusimano
University Treasurer and Associate Vice President for Finance
Virginia Tech Foundation
"---" indicates that no data was submitted for this field

Total value of the investment pool:
714,927,592 US/Canadian $

Value of holdings in sustainable industries, such as renewable energy or sustainable forestry :
9,000,000 US/Canadian $

Value of holdings in businesses selected for exemplary sustainability performances:
0 US/Canadian $

Value of holdings in sustainability investment funds, such as a renewable energy investment fund:
0 US/Canadian $

Value of holdings in community development financial institutions (CDFIs):
22,285,000 US/Canadian $

Value of holdings in socially responsible mutual funds with positive screens:
0 US/Canadian $

A brief description of the companies, funds, and/or institutions referenced above:

The $9 million noted in the second question on sustainable industries includes 1) wind and solar energy, and 2) sustainable, no-till farming.

With regard to the fifth question on CDFI’s, the university-related Virginia Tech Foundation has allocated approximately 3.5% of its endowment to program-related investments to advance the programmatic goals of the institution. The objective is to invest in local and regional companies that are underserved by conventional lending institutions. The fund is designed to assist the university community in technology transfer; to grow and strengthen the diversity of the Foundation’s Corporate Research Center; and to help bridge the gap between angel funding and institutional investors for regional entrepreneurs.

The website URL where information about the institution’s sustainability investment activities is available:
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.