| Overall Rating | Gold |
|---|---|
| Overall Score | 72.14 |
| Liaison | Teddy Lhoutellier |
| Submission Date | Jan. 26, 2022 |
University of Miami
PA-10: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
1.31 / 5.00 |
Teddy
Lhoutellier Sustainability Manager Environmental Health and Safety |
"---"
indicates that no data was submitted for this field
Part 1. Positive sustainability investment
1,420,000,000
US/Canadian $
Value of holdings in each of the following categories:
| Value of holdings | |
| Sustainable industries (e.g., renewable energy or sustainable forestry) | 5,000,000 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) | 5,000,000 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:
Sustainable Industries:
Renewable Power investments, more specifically into the Wind Industry
Sustainability investment funds:
33.5% of public investments are in investments with ESG integration
Renewable Power investments, more specifically into the Wind Industry
Sustainability investment funds:
33.5% of public investments are in investments with ESG integration
Percentage of the institution's investment pool in positive sustainability investments:
0.70
Part 2. Investor engagement
Sustainable investment policy
Yes
None
A copy of the sustainable investment policy:
None
The sustainable investment policy:
Integral to the University’s mission is a commitment to effective, ethical service to others, whether of this generation or future generations. The bedrock values of individual dignity, human rights, and human health and safety, as generally accepted in the world community, are implicit in the life of a university. When these values are threatened anywhere, members of a university community should be concerned.
When compelling circumstances exist with regard to any investment or potential
investment that may be in violation of this Socially Responsible Investments Policy or the Investments Policy, the Investment Committee (the “Committee”) shall present the circumstance to the Executive Committee of the Board of Trustees for further review and any action deemed appropriate.
The Administration will align its investment management policies and practices with larger University efforts to foster and promote DEI. The University will develop an in-house ranking system for each manager across portfolios, which includes performance, ESG and DEI considerations.
When compelling circumstances exist with regard to any investment or potential
investment that may be in violation of this Socially Responsible Investments Policy or the Investments Policy, the Investment Committee (the “Committee”) shall present the circumstance to the Executive Committee of the Board of Trustees for further review and any action deemed appropriate.
The Administration will align its investment management policies and practices with larger University efforts to foster and promote DEI. The University will develop an in-house ranking system for each manager across portfolios, which includes performance, ESG and DEI considerations.
None
Does the institution use its sustainable investment policy to select and guide investment managers?:
---
A brief description of how the sustainable investment policy is applied:
---
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:
Our Investment Managers are responsible for proxy voting where assets are not held in a commingled vehicle, complying with the University’s Socially Responsible Investments Policy and voting all proxies related to equity holdings in accordance with that policy, in a timely fashion, and in the best economic interests of the University.
Shareholder resolutions
No
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
---
Divestment efforts and negative screens
Yes
Date Revised: Sept. 14, 2022
Date Revised: Sept. 14, 2022
A brief description of the divestment effort or negative screens and how they have been implemented:
The growth pool will phase out directly held investments in fossil fuel-specific investment managers by 2028. This includes not making any new investments in fossil fuel-specific investment managers. This is defined as funds with more than 50% of assets invested in companies engaged in exploration, production, refining and marketing of coal, oil and gas.
Date Revised: Sept. 14, 2022
Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
100
Date Revised: Sept. 14, 2022
Date Revised: Sept. 14, 2022
Investor networks
No
None
A brief description of the investor networks and/or collaborations:
---
Optional Fields
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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.