Overall Rating | Silver - expired |
---|---|
Overall Score | 60.54 |
Liaison | Sarah Fortner |
Submission Date | March 6, 2020 |
Executive Letter | Download |
Carleton College
PA-9: Sustainable Investment
Status | Score | Responsible Party |
---|---|---|
1.17 / 4.00 |
Alexandra
Miller Sustainability Program Coordinator Energy and Sustainability |
"---"
indicates that no data was submitted for this field
Option 1: Positive Sustainability Investment
Yes
Total value of the investment pool:
892,352,800
US/Canadian $
Value of holdings in each of the following categories:
Value of Holdings | |
Sustainable industries (e.g. renewable energy or sustainable forestry) | 22,308,820 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 $ |
If any of the above is greater than zero, provide:
We estimate that approximately 2-2.5% of the endowment is invested in renewable energy, including wind, solar, and water.
Percentage of the institution's investment pool in positive sustainability investments:
2.50
Option 2: Investor Engagement
Yes
Sustainable Investment Policy
No
None
A copy of the sustainable investment policy:
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None
The sustainable investment policy:
While Carleton does not have a sustainable investment policy, the College aims to invest with managers whose standards of propriety, fairness, and ethical integrity align with those of the College. The College tries to select managers that will generate superior returns, but not at all costs, and make investments in a responsible manner that takes into account societal impacts.
None
Does the institution use its sustainable investment policy to select and guide investment managers?:
No
None
A brief description of how the policy is applied, including recent examples:
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Proxy Voting
Yes
None
A copy of the proxy voting guidelines or proxy record:
None
A brief description of how managers are adhering to proxy voting guidelines:
Carleton's investment office managers submit all votes as determined by the Carleton Responsible Investment Committee (CRIC).
Shareholder Resolutions
Yes
None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
Carleton’s Responsible Investment Committee (CRIC) writes a letter to each corporation upon which Carleton has taken a proxy voting position. The letters call attention and explain the rationale behind Carleton’s vote. Examples of letters can be found at: https://apps.carleton.edu/governance/cric/engage/corps/
In addition to written letters, Carleton students have attended the annual meetings of corporations in its portfolio to publicly address their view on proxy issues. See this link for more information: https://apps.carleton.edu/governance/cric/articles/
Negative Screens / Divestment Efforts
No
None
A brief description of the negative screens and how they have been implemented:
---
None
Approximate percentage of the endowment that the negative screens apply to:
---
Investor Networks
Yes
None
A brief description of the investor networks and/or collaborations:
Carleton participates in a dialogue with several peer institutions and others to discuss various issues such as proxy voting, divestment, and ESG approaches.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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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.