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by Mog,Justin M last modified Feb 12, 2016 02:49 PM

Ensuring our funds are managed with a triple-bottom-line perspective that takes into consideration the economic, social and environmental impacts of our investments.

In November 2010, Provost Willihnganz charged a new university-wide Committee on Socially Responsible Investing (SRI) with making recommendations to the President and Provost on financially, socially and environmentally responsible investment opportunities across asset classes and other related recommendations as appropriate, including shareholder advocacy and proxy voting.

We estimate UofL's total mission-related investments at 2.2% of the University's total endowment as of September 2013. Most of these are community economic development funds, but also included are climate change equities. Funds include: Kentucky Seed Fund, Chrysalis Ventures, Metro Bank CDs, Triathlon, Capital South, and Wellington DIH.

The Committee has multi-stakeholder representation and provides a structure for fostering dialogue on investment opportunities, and helping the UofL Foundation make responsible investments that ensure financial health for UofL while promoting sustainability in the wider world. The Committee seeks investment opportunities that compliment the University’s mission, its resource requirements, and its commitment to sustainability.

Estimated value of holdings in sustainability investment funds, as of April 2010: $2,134,871.
Estimated value of holdings in community development financial institutions, as of September 2013: $9,470,560.

UofL’s 2020 Plan measures our progress in sustainability based upon the Sustainability Tracking, Assessment & Rating System (STARS) developed by the Association for the Advancement of Sustainability in Higher Education (AASHE). The STARS framework stresses the influence of a university’s investment policies and strategies on social and environmental well-being and the importance of establishing an engaged SRI committee, making positive sustainability investments, and performing shareholder advocacy for greater social and environmental responsibility.

We are also aided in this effort and exchange ideas and information with other schools through the Responsible Endowments Coalition.

At the request of the Sustainable Endowments Institute, we've posted snapshots of our investment portfolio, available to the public online here. The most recent snapshots from June 30, 2015 are available here:

Prior Snapshots:

More information about the University's finances is available here.

Socially-Responsible Retirement Funds

UofL offers employees socially-responsible investment options for employee retirement plans. These options are designed to give you investment income for a secure retirement while putting money behind companies you can feel good about. Options include:

  1. CREF Social Choice Account. Investing in companies that are: strong stewards of the environment, devoted to serving local communities, committed to higher labor standards, and managed ethically. More information available in this overview (pdf) or online here.
  2. TIAA-CREF Social Choice Equity Fund. The fund's investments are subject to certain environmental, social and governance criteria. The evaluation process favors companies that are strong stewards of the environment; devoted to serving local communities; committed to higher labor standards; dedicated to producing high-quality and safe products; and those managed in an exemplary or ethical manner. More information available online here.
  3. Fidelity Select Environment and Alternative Energy Portfolio. Investing primarily in companies engaged in business activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services. More information available online here.

More information about UofL's employee benefits and our human resources policies are available here.

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