|Submission Date||July 22, 2014|
Associate Vice President and Director of Investments
Finance and Administration
|Value of Holdings|
|Sustainable industries (e.g. renewable energy or sustainable forestry)||5,400,000 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)||0 US/Canadian $|
|Community development financial institutions (CDFIs) or the equivalent||500,000 US/Canadian $|
|Socially responsible mutual funds with positive screens (or the equivalent)||0 US/Canadian $|
|Green revolving loan funds that are funded from the endowment||---|
Forestry: Timber - current valuation of $5.4 million. The fund guidelines state that GMO Renewable Resources maintains high environmental standards and manages the holdings sustainably.
Investment in the local (Arlington Community) - approximately $2.4 million has been invested over time in the commercial properties near campus, where the college is committed to maintaining the properties and renting them at a fair market rate to business enterprises. In addition, we have invested almost $500,000 in the improvement of the streetscape in this area, to promote an attractive and pedestrian-friendly commercial district that serves all Arlington residents as well as the college community. These investments are equity investments that are parallel to community development funds for local businesses.
Since 2006, Vassar has had a negative screen in place for companies that operate in Sudan.
Vassar directs the voting of some proxies as determined by the Trustee Investor Responsibility Committee from recommendations of the CIRC. If no such direction is given, managers have standing instructions to vote proxies in a manner that is most likely to benefit Vassar as an investor.
Vassar is a member of the Sustainable Investment Institute, which provides background research on upcoming proxy votes of interest.
The Chair of the Trustee Investor Responsibility Committee is alumna Christi Wood, who also is Chairwoman of the Global Reporting Initiative. The GRI is "a non-profit organization that promotes economic sustainability. It produces one of the world's most prevalent standards for sustainability reporting — also known as ecological footprint reporting, environmental social governance (ESG) reporting, triple bottom line (TBL) reporting, and corporate social responsibility (CSR) reporting. GRI seeks to make sustainability reporting by all organizations as routine as, and comparable to, financial reporting."
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 and complete the Data Inquiry Form.