| Overall Rating | Gold |
|---|---|
| Overall Score | 67.45 |
| Liaison | Benjamin Newton |
| Submission Date | March 3, 2023 |
Central Community College
PA-10: Sustainable Investment
| Status | Score | Responsible Party |
|---|---|---|
|
1.88 / 3.00 |
Total value of the investment pool:
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) | 3,232,566 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 $ |
A brief description of the companies, funds, and/or institutions referenced above:
Using the Morningstar ESG Risk Rating with a Sustainability Rating 25 or lower that means the company is rated at least two standard deviations above average in its peer group. The Morningstar ESG Rating takes the portfolios score and subtracts points for ESG risk related issues. Controversies include incidents that impact the environment and society, such as oil spills, discrimination lawsuits or events that affect the company.
Percentage of the institution's investment pool in positive sustainability investments:
Does the institution have a publicly available sustainable investment policy?:
A copy of the sustainable investment policy:
The sustainable investment policy:
The ESG investments are publicly available through the Central Community College Foundation and Wells Fargo. See attached document for investments.
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:
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?:
A copy of the proxy voting guidelines or proxy record:
A brief description of how managers are adhering to proxy voting guidelines:
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?:
Examples of how the institution has engaged with corporations in its portfolio about sustainability issues during the previous three years:
Does the institution participate in a public divestment effort and/or have a publicly available investment policy with negative screens?:
A brief description of the divestment effort or negative screens and how they have been implemented:
Approximate percentage of endowment that the divestment effort and/or negative screens apply to:
Does the institution engage in policy advocacy by participating in investor networks and/or engage in inter-organizational collaborations to share best practices?:
A brief description of the investor networks and/or collaborations:
Sustainability Director Benjamin Newton attended ESG investment networking sessions with the Second Nature summits,and has been advocating for increased ESG investments to our VP Business Services, Foundation Executive Director and Financial Portfolio Manager.
Website URL where information about the institution’s sustainable investment efforts is available:
Additional documentation to support the submission:
Data source(s) and notes about the submission:
Stephen Donahoe Central CC portfolio Manager at Wells Fargo sent the investments and assets based on Morningstar rating of 25 and below for ESG risk.
Stephen Donahoe Central CC portfolio Manager at Wells Fargo sent the investments and assets based on Morningstar rating of 25 and below for ESG risk.
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.