捆绑SM社区

捆绑SM社区.CA / Office of Investments / Endowment / Socially Responsible Investing

2023 SRI Commitments

In December 2023, following the success of 捆绑SM社区鈥檚 previous socially responsible investing (SRI) initiatives and their completion two full years ahead of schedule, the Board of Governors adopted an even more ambitious package of SRI commitments:

  1. Decarbonize and divest

    • Sustain a scope 1 and 21 carbon footprint 33% below the benchmark2 for the MIP鈥檚 listed equities and corporate bonds, through 2029.
    • Divest from all direct holdings in the 聽(鈥淐U200鈥�), the largest publicly-listed coal, oil, and gas reserves owners, by 2025.

  2. Invest in sustainable investment strategies

    • By 2029, allocate 10% of the MIP to sustainable investments aligned with the 3.

  3. Exercise active stewardship through engagement

    • Enhance engagement initiatives by broadening the scope of topics to encompass social and governance considerations, while continuing to address climate change.
    • Promote the adoption of ESG-conscious proxy voting policies whenever feasible.

  4. Enhance ESG integration

    • Review the MIP鈥檚 Statement of Investment Policy to reflect new ESG goals.
    • Integrate proprietary ESG scoring system within the manager monitoring process.
    • Integrate third-party ESG risk metrics within the manager monitoring process.

  5. Promote 捆绑SM社区鈥檚 negative screening fund

    • Continue to offer the - a Fossil Fuel Free fund available to 捆绑SM社区 donors.

  6. Demonstrate accountability through reporting

    • Publish an annual report on SRI strategies disclosures aligned with the 4.
    • Report on portfolio carbon emissions, exposure to sustainable investments and other initiatives relevant to SRI activities.

  7. Demonstrate SRI leadership

    • Evaluate and promote SRI goals, policies and best practices through collaboration with peer universities.
    • Improve 捆绑SM社区鈥檚 score.

  8. Review SRI practices regularly

    • Ensure that 捆绑SM社区鈥檚 SRI practices are reviewed every five years to ensure their continued effectiveness.
    • A review of SRI practices has been added to the Board of Governors' calendar of business in Spring 2029.

1 Scope 1 emissions are direct greenhouse gas (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles). Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling. Although scope 2 emissions physically occur at the facility where they are generated, they are accounted for in an organization鈥檚 GHG inventory because they are a result of the organization鈥檚 energy use. (

2 This offers a way to compare 捆绑SM社区鈥檚 holdings with the broader market. Given that the benchmark is expected to decarbonize over time, remaining at least 33% below benchmark stands to result in a decreasing carbon footprint.

3 The UN SDGs are a widely known framework developed by the United Nations that considers key environmental and social challenges. By monitoring our alignment with the UN SDGs to achieve our impact investing target we can calculate the percentage of the MIP鈥檚 portfolio contributing to addressing these issues: ( )

4 International Sustainability Standards Board (ISSB) S1 and S2 fully incorporate the TCFD recommendations. These global standards will accelerate regulatory efforts on sustainability, provide a common framework for reporting, and improve the usability and transparency of sustainability disclosures

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