Students on the Lawn

UVM puts a strong focus on socially responsible investment as well as shareholder advocacy for its financial investments.  The Socially Responsible Investment Advisory Committee (SRIAC), which is a committee comprised of administrators, faculty, and undergrad as well as graduate students, reviews current investments and makes recommendations to the Investment Sub-committee.

To learn more about UVM's financial investments and how they relate to the sustainability initiatives at UVM, click on a specific topic below.

 

PAE Credit 16: Committee on Investor Responsibility (2/2)

Description of credit:

STARS Planning, Administration & Engagement Credit 16 recognizes institutions that have a formally established and active Committee on Investor Responsibility or similar body that makes recommendations to the Board of Trustees on socially and environmentally responsible investment opportunities across asset classes, including proxy voting. The body must have multi-stakeholder representation, meaning its membership must include faculty, staff, and students. UVM’s SRI Advisory Council is made up of two representatives from faculty, grad students, undergraduates, staff and the controller and assistant controller of the university. Based on STARS criteria for this credit requiring the existence of a body that makes recommendations to the Board of Trustees on socially and environmentally responsible investment opportunities, UVM would receive 2 out of 2 points for this credit.

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Supporting Documents:

PAE Credit 17: Shareholder Advocacy (5/5)

Description of credit:

STARS Planning, Administration & Engagement Credit 17 recognizes institutions that either have (1) 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 or (2) conducted a negative screening of its entire investment pool within the last three years in the form of prohibiting investment in an industry or participating in a divestment effort. Every year, the UVM endowment accountant votes on proxy resolutions related to addressing climate change. In fiscal year 2013, she voted 10 times on various issues related to greater transparency or modifying operations to address climate change. Negative screens of the investment pool are ongoing and the pool is screened yearly for cluster munitions, tobacco and investments in Sudan. Based on STARS criteria for this credit requiring the administration of such shareholder advocacy that promotes sustainability, UVM would receive 5 out of 5 points for this credit.

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Supporting Documents:

PAE Credit 18: Positive Sustainability Investments (0/9)

Description of credit:

STARS Planning, Administration & Engagement Credit 18 recognizes institutions that invest in sustainable industries, businesses selected for exemplary sustainability performances, sustainability investment funds, community development financial institutions, or socially responsible mutual funds with positive screens. Of UVM’s investment pool of $388,000,000, $0 is allocated to positive sustainability investments. Based on STARS calculations, institutions earn maximum points for this credit by investing 30 percent or more of their investment pool in positive sustainability investments. UVM would receive 0 out of 9 points for this credit.

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Supporting Documents:

Tier Two Credits

Credit 1: Student Managed Sustainable Investment Fund (0/0.25)

Description of credit:

STARS Planning, Administration & Engagement Credit T2-7 recognizes institutions that have a student-managed sustainable investment fund through which students are able to develop socially and/or environmentally responsible investment skills and experience with governance. UVM does not currently have such a student-managed sustainable investment fund. Based on STARS criteria for this credit requiring the existence of such a fund, UVM would receive 0 out of 0.25 points for this credit.

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Supporting Documents:

Credit 2: Sustainable Investment Policy (0.25/0.25)

Description of credit:

STARS Planning, Administration & Engagement Credit T2-8 recognizes institutions that have a policy, practice or directive to consider the social and/or environmental impacts of investment decisions, in addition to financial considerations. In Section 5 of UVM’s Statement of Investment Policies and Objectives, it is stated that “The University’s policy of fiscal prudence shall not preclude the consideration of moral, ethical and social criteria in determining companies in which to invest.” Based on STARS criteria for this credit requiring the existence of some directive to consider the social and/or environmental impacts of investment decisions, UVM would receive 0.25 out of 0.25 points for this credit. 

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Credit 3: Investment Disclosure (0.25/0.25)

Description of credit:

STARS Planning, Administration & Engagement Credit T2-9 recognizes institutions that make a snapshot of their investment holdings, including the amount invested in each fund and/or company, and proxy voting records, available to the public. UVM will make investment holdings available upon request and proxy voting details are currently displayed. Investments holdings will soon be going onto the SRI website. Based on STARS criteria for this credit requiring the availability of such investment information to the public, UVM would receive 0.25 out of 0.25 points for this credit.

Contact of Responsible Party:

Elizabeth Palchak, Graduate Assistant

Office of Sustainability

Supporting Documents: