| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 67.20 |
| Liaison | Anne Duncan |
| Submission Date | Jan. 29, 2015 |
| Executive Letter | Download |
Wartburg College
PA-14: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
1.33 / 4.00 |
Richard
Seggerman Vice President for Finance and Administration Finance |
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 loan funds that are funded from the endowment | 0 US/Canadian $ |
A brief description of the companies, funds, and/or institutions referenced above:
Does the institution have a publicly available sustainable investment policy?:
A copy of the sustainable investment policy:
The sustainable investment policy:
The Wartburg College Endowment, Statement of Investment Objectives and Policies provides direction to our financial overseers to invest based on the College's priorities. Under the General Investment Philosophy, the following statement provides sustainability related investment priorities.
Environmental sustainability of a particular investment or manager should be considered as a factor as it pertains to supporting achievement of the Endowment’s Objectives. Socially and/or Environmentally Responsible investments may be considered for inclusion in the investment program to the extent that they align with the mission of Wartburg College. Any investment under consideration shall be subject to the requirements outlined in this Policy, including but not limited to return expectations, risk expectations, and permissible investment vehicle criteria.
Does the institution use its sustainable investment policy to select and guide investment managers?:
A brief description of how the policy is applied, including recent examples:
Included in the policy is the following statement "The Committee has the responsibility to ensure that the assets of the Endowment are managed in a manner that is consistent with the policies and objectives of the Endowment. In so doing, the Committee will comply with all applicable laws. The Endowment may contract with independent investment advisors, investment counsel, investment managers, banks, and/or trust companies approved by the Committee."
The sustainability related guidance included in the policy is new, and the examples of impact are still in progress.
Does the institution's sustainable investment policy include negative screens?:
A brief description of the negative screens and how they have been implemented:
Approximate percentage of the endowment that the negative screens apply to:
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:
Proxy voting is allowed, although the Investment committee rarely, if ever, utilize this voting method. Votes traditional take place during meetings.
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 engage in policy advocacy by participating in investor networks and/or engaging in inter-organizational collaborations to share best practices?:
A brief description of the investor networks and/or collaborations:
The College works with a consultant, Jeffrey Slocum & Associates, Inc of Minneapolis, MN, who brings attention to the practices of other organization.
Networking discussions about investments also occurs at professional gatherings, such as the ELCA Business Officer Meeting and Iowa Private College meetings. Through these gatherings we can network with peers and discuss a variety of subjects through a similar lens.
The website URL where information about the institution's sustainable investment efforts 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.