| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 64.54 |
| Liaison | Shane Stennes |
| Submission Date | Oct. 25, 2012 |
| Executive Letter | Download |
University of Minnesota, Twin Cities
PAE-18: Positive Sustainability Investments
| Status | Score | Responsible Party |
|---|---|---|
|
1.14 / 9.00 |
Amy
Short Sustainability Director University Services, OVP |
Total value of the investment pool:
Value of holdings in sustainable industries, such as renewable energy or sustainable forestry :
Value of holdings in businesses selected for exemplary sustainability performances:
Value of holdings in sustainability investment funds, such as a renewable energy investment fund:
Value of holdings in community development financial institutions (CDFIs):
Value of holdings in socially responsible mutual funds with positive screens:
A brief description of the companies, funds, and/or institutions referenced above:
As of Sept 30, 2012 the University of Minnesota Endowment balance was $978 million. We have $37 million (3.8%) invested in sustainable forests. We are not able to select out or track any of the other categories.
The University of Minnesota Foundation is managed by a third party entity. The investment pool is $1,309,000,000 as of 6/30/2011. Values for investments are not available and so this total is not included in the data presented. Investments are made in the areas of Natural Resources – Sustainable forestry and Private Equity – Focus on reducing greenhouse gas emissions in developing countries.
The Minnesota Medical Foundation (MMF) is managed by a third party entity. The endowment balance was $236,381,000 as of June 30, 2011.
As of June 30, 2011 the Minnesota Medical Foundation has no direct investments in renewable energy of sustainable forestry. MMF is unable to select out or track any of the other categories in the investment funds at Commonfund.
MMF had $586,000 investment in Commonfund’s Natural Resources Partners VIII, LP which has a less than 5% allocation to Clean Energy. Founded in 1971 to serve the investment needs of college endowments, Commonfund manages funds for a majority of the largest 100 educational endowments in the U.S. as well as top foundations and healthcare organizations. The Natural Resources Partners VIII, LP referenced above is a fund of funds non-marketable investment.
While there is no formal policy regarding considering environmental/ sustainability factors, there are general practices with founded in the Board of Regents Energy Efficiency and Sustainability policy and Social Concerns Committee.
The Uof M Foundation receives donations designated for programs/initiatives with environmental and sustainability factors. For example, student scholarships and the Ann Salovich bequest.http://zeropluscampus.umn.edu/salovich/
The website URL where information about the institution’s sustainability investment activities is available:
Data source(s) and notes about the submission:
MN Statute 13315 specifies University of Minnesota investment data that is public and nonpublic. https://www.revisor.leg.state.mn.us/statutes/?id=13.3215
MN Statute 13315 specifies University of Minnesota investment data that is public and nonpublic. https://www.revisor.leg.state.mn.us/statutes/?id=13.3215
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.