Santa Clara University
Tier2-2: Socially Responsible Investment Policy

General guiding principles for investing: avoid companies whose primary products are directly destructive of human life (e.g. abortion, euthanasia); avoid companies involved with governments involved in gross human rights abuses; avoid companies which consistently practice racial, ethnic, religious or gender discrimination; avoid companies whose primary business is nuclear weapons research, production, deployment and servicing; avoid companies who have been repeatedly cited for gross ecological violations. Guided by the values associated with its mission, Santa Clara University invests its resources in institutions that are, at one and the same time, consistent with the "prudent person" principle, capable of generating a rate of return consistent with the University's Investment Policies statement, and socially responsible in their policies and practices. Socially responsible investments should positively contribute to the common good and be guided by the traditional Catholic ethical considerations. Balancing the consistent-life ethical principles and the "prudent person" principle will require judgment on the part of the Investment Office, the Investment Committee and each money manager. There are a variety of guiding principles (e.g. sacredness of life, human rights, non discrimination, no nuclear weapons, and environmental criteria). Investment Office staff also coordinate with the Fund's custodian bank to screen the overall portfolio to identify securities that may not be consistent with these guidelines.