| Overall Rating | Gold |
|---|---|
| Overall Score | 74.49 |
| Liaison | Ian McKeown |
| Submission Date | March 3, 2023 |
Loyola Marymount University
PA-10: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
0.76 / 3.00 |
Jessica
Hernandez Sustainability Coordinator Facilities Management |
"---"
indicates that no data was submitted for this field
Part 1. Positive sustainability investment
480,000,000
US/Canadian $
Value of holdings in each of the following categories:
| Value of holdings | |
| Sustainable industries (e.g., renewable energy or sustainable forestry) | 700,000 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 $ |
If any of the above is greater than zero, provide:
The University invests in a number of funds and/or partnerships that invest in clean energy and/or timber as a percent of total holdings. The University currently maintains interests in three natural resource partnerships that have 5 – 10 + in clean energy assets.
Percentage of the institution's investment pool in positive sustainability investments:
0.15
Part 2. Investor engagement
Sustainable investment policy
Yes
None
A copy of the sustainable investment policy:
None
The sustainable investment policy:
SOCIALLY RESPONSIBLE INVESTING
First and foremost, the Committee will attempt to achieve the overall goal of the Fund in support of the University’s mission and in accordance with its fiduciary responsibility. However, the Committee may also consider socially responsible investing if/when it is prudent and appropriate to do so. The following investment considerations may be at times weighed by the Committee: 1) excluding from the portfolio securities of firms whose policies are inimical to the values of the university; 2) investing in firms that demonstrate a high level of social concern; and 3) influencing the social behavior of invested firms through the exercise of ownership rights.
The University is currently writing a more expansive RI policy.
First and foremost, the Committee will attempt to achieve the overall goal of the Fund in support of the University’s mission and in accordance with its fiduciary responsibility. However, the Committee may also consider socially responsible investing if/when it is prudent and appropriate to do so. The following investment considerations may be at times weighed by the Committee: 1) excluding from the portfolio securities of firms whose policies are inimical to the values of the university; 2) investing in firms that demonstrate a high level of social concern; and 3) influencing the social behavior of invested firms through the exercise of ownership rights.
The University is currently writing a more expansive RI policy.
None
Does the institution use its sustainable investment policy to select and guide investment managers?:
No
A brief description of how the sustainable investment policy is applied:
Currently, the University does not use its RI policy to select and guide investment managers, however it may do so in the future. The current policy statement is applied when prudent to assess investment decisions that may have adverse environmental, social, or governance impacts.
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:
University, through the RIAC, will make a concerted effort to vote its proxies in
alignment with the spirit of the University’s RI policy and in accordance with ESG best practices
and the PRI where deemed prudent and responsible. The University will strive to vote in the best
interest of the financial health of its assets and with consideration of Jesuit and Catholic
teachings on society and justice. The University may decide to have IMs vote proxies; the
University’s Treasurer will make efforts to work with IMs to determine if their proxy voting
policies and activities are in alignment with the University’s mission and RI policy. The
University may elect to use an external service provider to vote its proxies or create an internal
voting system as deemed most efficient.
alignment with the spirit of the University’s RI policy and in accordance with ESG best practices
and the PRI where deemed prudent and responsible. The University will strive to vote in the best
interest of the financial health of its assets and with consideration of Jesuit and Catholic
teachings on society and justice. The University may decide to have IMs vote proxies; the
University’s Treasurer will make efforts to work with IMs to determine if their proxy voting
policies and activities are in alignment with the University’s mission and RI policy. The
University may elect to use an external service provider to vote its proxies or create an internal
voting system as deemed most efficient.
Shareholder resolutions
No
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
https://bus.lmu.edu/media/bus/responsibleinvestingprogram/LMU%20RI%20Policy%20FINAL.pdf
Divestment efforts and negative screens
No
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:
---
Investor networks
Yes
None
A brief description of the investor networks and/or collaborations:
The University is part of the Jesuit Consortium of 28 universities. This consortium may at times discuss RI and how to work together to proactively create change.
The University is a signatory to the UN supported Principles of Responsible Investing (PRI). The PRI is an international organization that serves as a framework for investors to better engage with RI topics including initiating actions with companies, reporting, and joining collaborative groups.
The University is a signatory to the UN supported Principles of Responsible Investing (PRI). The PRI is an international organization that serves as a framework for investors to better engage with RI topics including initiating actions with companies, reporting, and joining collaborative groups.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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