| Overall Rating | Gold |
|---|---|
| Overall Score | 80.87 |
| Liaison | Megan Butler |
| Submission Date | Jan. 26, 2024 |
Macalester College
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
2.00 / 2.00 |
Molly
Papetti Manager of Investment Operations and Reporting Investment Office |
"---"
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:
Macalester College has a Social Responsibility Committee (SRC). The charge of the SRC is:
Macalester College’s Social Responsibility Committee will provide advice to the College’s administration regarding practices and policies on issues with significant implications for responsible institutional behavior. While the College always holds itself to high standards of behavior in its day-to-day operations, there may be some subjects that would benefit from a raised level of research, scrutiny or consideration in order to ensure operating practices that are consistent with Macalester’s mission and public persona. The administration will take the information provided and respond in a thoughtful, considerate manner and it will clearly communicate its decisions or plans.
The Social Responsibility Committee is where members of the Macalester community bring concerns of environmental sustainability, international human rights, multicultural social justice, local community interests and causes and fair labor practices related to corporate and/or entities investments. The SRC engages the staff in the College Investment Office in prioritizing investments and with the campus community around education and transparency in College investing. When necessary, the SRC facilitates campus conversation around contentious issues related to the endowment and its appropriation.
Macalester College’s Social Responsibility Committee will provide advice to the College’s administration regarding practices and policies on issues with significant implications for responsible institutional behavior. While the College always holds itself to high standards of behavior in its day-to-day operations, there may be some subjects that would benefit from a raised level of research, scrutiny or consideration in order to ensure operating practices that are consistent with Macalester’s mission and public persona. The administration will take the information provided and respond in a thoughtful, considerate manner and it will clearly communicate its decisions or plans.
The Social Responsibility Committee is where members of the Macalester community bring concerns of environmental sustainability, international human rights, multicultural social justice, local community interests and causes and fair labor practices related to corporate and/or entities investments. The SRC engages the staff in the College Investment Office in prioritizing investments and with the campus community around education and transparency in College investing. When necessary, the SRC facilitates campus conversation around contentious issues related to the endowment and its appropriation.
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:
Membership on the SRC typically includes two faculty members, two students, and two staff members. The Vice President for Student Affairs, the Vice President for Administration, and the Chief Investment Officer serve as ex officio members of the Committee. The President appoints the Trustee and the remaining members are appointed either by the Macalester College Student Government (MCSG), Staff Advisory Council, or the Faculty Personnel Committee.
None
Examples of CIR actions during the previous three years:
In response to student efforts and a proposal submitted by Fossil Free Mac in February 2021, and a Social Responsibility Committee (SRC) report in April of 2021, the Board of Trustees of Macalester College has made significant moves to divest from fossil fuels. In August 2021, the Board announced its decision to divest all dedicated publicly traded oil and gas assets (including those of Enbridge, Inc.) and adopt a socially responsible investment policy that prohibits new investments which are solely invested in gas and oil assets.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
Please refer to the attached “Guidelines for Investor Responsibility” document for more information on the mission statement and description of SRC.
Please refer to the URL-linked webpage for more information about the divestment efforts of 2021.
Please refer to the URL-linked webpage for more information about the divestment efforts of 2021.
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.