| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 63.09 |
| Liaison | Elida Erickson |
| Submission Date | April 17, 2015 |
| Executive Letter | Download |
University of California, Santa Cruz
PA-14: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
1.04 / 4.00 |
Lacey
Raak Sustainability Director PPC |
"---"
indicates that no data was submitted for this field
None
Total value of the investment pool:
75,000,000
US/Canadian $
None
Value of holdings in each of the following categories::
| Value of Holdings | |
| Sustainable industries (e.g. renewable energy or sustainable forestry) | 0 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) | 16,000,000 US/Canadian $ |
| Green revolving loan funds that are funded from the endowment | 0 US/Canadian $ |
None
A brief description of the companies, funds, and/or institutions referenced above:
Investments in sustainable forestry funds and clean energy investments via funds.
None
Does the institution have a publicly available sustainable investment policy?:
No
None
A copy of the sustainable investment policy:
---
None
The sustainable investment policy:
NA
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:
NA
None
Does the institution's sustainable investment policy include negative screens?:
Yes
None
A brief description of the negative screens and how they have been implemented:
The UC Regents have two social responsibility polices that impact investment decisions for any investment held in our investment pools.
Regent Policy 6301: POLICY TO EXCLUDE SECURITIES OF COMPANIES MANUFACTURING TOBACCO PRODUCTS FROM INDEX FUNDS AND TO CONTINUE EXISTING EXCLUSION FROM ACTIVELY MANAGED FUNDS http://regents.universityofcalifornia.edu/policies/6301.html
Regents Policy 6302: POLICY ON DIVESTMENT OF UNIVERSITY HOLDINGS IN COMPANIES WITH BUSINESS OPERATIONS IN SUDAN http://regents.universityofcalifornia.edu/policies/6302.html
None
Approximate percentage of the endowment that the negative screens apply to:
100
None
Has the institution engaged in proxy voting, either by its CIR or other committee or through the use of guidelines, to promote sustainability during the previous three years?:
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:
Yes, the University has engaged in proxy voting that promotes sustainability during past three years through the use of policy guidelines. The UC Regents Proxy Voting policy guidelines are made public: http://www.ucop.edu/treasurer/_files/invpol/App_4-8_UCRP-GEP_IPS.pdf
The University’s proxies are managed and voted by a third party service provider using their SRI proxy voting guidelines: http://www.issgovernance.com/file/2014_Policies/2014ISSSRIUSAGuidelines.pdf & http://www.issgovernance.com/file/2014_Policies/2014SRIInternational.pdf
None
Has the institution filed or co-filed one or more shareholder resolutions that address sustainability or submitted one or more letters about social or environmental responsibility to a company in which it holds investments during the previous three years?:
No
None
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
NA
None
Does the institution engage in policy advocacy by participating in investor networks and/or engaging in inter-organizational collaborations to share best practices?:
Yes
None
A brief description of the investor networks and/or collaborations:
UC is an active member of:
• Principles for Responsible Investment
• Ceres Investor Network on Climate Risk
• CDP (formerly Carbon Disclosure Project)
None
The website URL where information about the institution's sustainable investment efforts is available:
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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.