| Overall Rating | Silver |
|---|---|
| Overall Score | 63.01 |
| Liaison | Holli Fajack |
| Submission Date | May 9, 2024 |
California State University, Long Beach
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
2.00 / 2.00 |
Christopher
Reese Assoc Vice Pres, Advancement Operations/Gov Rel University Relations & Development (URD) |
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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:
49er Foundation
The Finance and Investment Committee of the 49er Foundation has the following charge: Consider and make recommendations to the Board on matters relating to the Corporation’s finances, not assigned to the Audit Committee, including investments, endowment spending policies, budget, and risk management; and establish guidelines within which investment managers must operate; monitor adherence to and performance under those guidelines; and make periodic reports to the Board.
Per the Socially Responsible Investment Policy, the 49er Foundation endeavors to be a good corporate citizen and responsible investor by considering the environmental, social, and governance practices of the corporations in which it is invested. As an overarching goal, the 49er Foundation seeks to invest in well-managed corporations providing beneficial goods and services that align with the University’s values of diversity, sustainability, and innovation. It further values business practices that support safe and supportive work environments, build employment opportunities, demonstrate innovation in environmental protection, and benefit the disadvantaged including charitable giving and inclusion efforts. These practices can enhance the financial performance security and long-term sustainability of these corporations. As such, the 49er Foundation encourages its Outsourced Chief Investment Officers (OCIO) and investment managers to incorporate ESG analysis in the review of investment risk and opportunities. Recognizing that the 49er Foundation generally invests in funds, rather than individual companies, the Board of Directors will review any concerning investments held within funds.
Associated Students, Incorporated (ASI)
The ASI Business & Finance Committee develops and recommends to the AS Senate policy in the areas of finance, human resources, and the administration of business affairs between the Associated Students and other parties. The committee also prepares and recommends to the AS Senate the annual operating budget of ASI. After the annual budget has been approved, the committee is responsible for monitoring and recommending modifications to the budget. All action of the committee is subject to AS Senate approval. The committee has purview over investment strategies and maintains a Policy on Investment that is regularly reviewed to maintain a contemporary and socially responsible approach to investments of student funds under the stewardship of ASI.
The Finance and Investment Committee of the 49er Foundation has the following charge: Consider and make recommendations to the Board on matters relating to the Corporation’s finances, not assigned to the Audit Committee, including investments, endowment spending policies, budget, and risk management; and establish guidelines within which investment managers must operate; monitor adherence to and performance under those guidelines; and make periodic reports to the Board.
Per the Socially Responsible Investment Policy, the 49er Foundation endeavors to be a good corporate citizen and responsible investor by considering the environmental, social, and governance practices of the corporations in which it is invested. As an overarching goal, the 49er Foundation seeks to invest in well-managed corporations providing beneficial goods and services that align with the University’s values of diversity, sustainability, and innovation. It further values business practices that support safe and supportive work environments, build employment opportunities, demonstrate innovation in environmental protection, and benefit the disadvantaged including charitable giving and inclusion efforts. These practices can enhance the financial performance security and long-term sustainability of these corporations. As such, the 49er Foundation encourages its Outsourced Chief Investment Officers (OCIO) and investment managers to incorporate ESG analysis in the review of investment risk and opportunities. Recognizing that the 49er Foundation generally invests in funds, rather than individual companies, the Board of Directors will review any concerning investments held within funds.
Associated Students, Incorporated (ASI)
The ASI Business & Finance Committee develops and recommends to the AS Senate policy in the areas of finance, human resources, and the administration of business affairs between the Associated Students and other parties. The committee also prepares and recommends to the AS Senate the annual operating budget of ASI. After the annual budget has been approved, the committee is responsible for monitoring and recommending modifications to the budget. All action of the committee is subject to AS Senate approval. The committee has purview over investment strategies and maintains a Policy on Investment that is regularly reviewed to maintain a contemporary and socially responsible approach to investments of student funds under the stewardship of ASI.
Does the CIR include academic staff representation?:
Yes
Does the CIR include non-academic staff representation?:
Yes
Does the CIR include student representation?:
Yes
Members of the CIR, including affiliations and role:
49er Foundation Finance & Investment Committee
Kathleen Hansen – Finance & Investment Committee Chair, Alumni
Scott Apel – Chief Financial Officer of 49er Foundation, CSULB Vice President of Administration & Finance
Dan Montoya – Chief Executive Officer of 49er Foundation, CSULB Vice President of University Relations and Development
Marilyn Bohl – Board Member
Lea Gerber – Board Member
Robert Summers – Board Member
Said Hilal – Board Member
Donny LoPiccolo – Board Member
Christopher Reese – Secretary of 49er Foundation, CSULB Associate Vice President University Relations
John Shadden – Outside Chief Investment Officer
Milton Ordonez – CSULB Associate Vice President of Financial Management
Maureen O’Brien – CSULB University Controller
ASI Business & Finance Committee
Dr. Maricela Correa, CSULB Faculty Representative
Kristina Randig, CSULB President’s Designee
Alvin Tu, Treasurer
Mitali Jain, President
Teresa Falcon, ASI Vice President
Claire Pearson, ASI Senate Representative
Ethan Nguyen, ASI Senate Representative
Trace Camacho, CSULB Student Affairs Representative’s Designee
Dr. Miles Nevin, ASI Executive Director
Idris Aydin, ASI Director of Finance
Kathleen Hansen – Finance & Investment Committee Chair, Alumni
Scott Apel – Chief Financial Officer of 49er Foundation, CSULB Vice President of Administration & Finance
Dan Montoya – Chief Executive Officer of 49er Foundation, CSULB Vice President of University Relations and Development
Marilyn Bohl – Board Member
Lea Gerber – Board Member
Robert Summers – Board Member
Said Hilal – Board Member
Donny LoPiccolo – Board Member
Christopher Reese – Secretary of 49er Foundation, CSULB Associate Vice President University Relations
John Shadden – Outside Chief Investment Officer
Milton Ordonez – CSULB Associate Vice President of Financial Management
Maureen O’Brien – CSULB University Controller
ASI Business & Finance Committee
Dr. Maricela Correa, CSULB Faculty Representative
Kristina Randig, CSULB President’s Designee
Alvin Tu, Treasurer
Mitali Jain, President
Teresa Falcon, ASI Vice President
Claire Pearson, ASI Senate Representative
Ethan Nguyen, ASI Senate Representative
Trace Camacho, CSULB Student Affairs Representative’s Designee
Dr. Miles Nevin, ASI Executive Director
Idris Aydin, ASI Director of Finance
None
Examples of CIR actions during the previous three years:
49er Foundation
The Committee is responsible for approving spending policies and annual distribution rates. The Board adopted an investment strategy that at least 25% of all invested assets match environmental, social, and governance (ESG) socially responsible investment (SRI) criteria.
ASI Business & Finance Committee
ASI adopted an investment policy in 2020 that requires investment managers to adhere to specific social, environmental, and ethical criteria outlined in the policy. It calls for divesting from entities that promote gender and sexual orientation discrimination and rely on dirty energy practices, for example.
The Committee is responsible for approving spending policies and annual distribution rates. The Board adopted an investment strategy that at least 25% of all invested assets match environmental, social, and governance (ESG) socially responsible investment (SRI) criteria.
ASI Business & Finance Committee
ASI adopted an investment policy in 2020 that requires investment managers to adhere to specific social, environmental, and ethical criteria outlined in the policy. It calls for divesting from entities that promote gender and sexual orientation discrimination and rely on dirty energy practices, for example.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
https://www.csulb.edu/49er-foundation/committees-0
https://www.asicsulb.org/gov/legislative-branch/board-of-control
https://www.asicsulb.org/gov/legislative-branch/board-of-control
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