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University of California

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Office of the Chief Investment Officer  (OCIO) to the Regents of the University of California believes that ESG factors are key drivers of risk and return. We assess these factors, in accordance with our fiduciary duty.

https://regents.universityofcalifornia.edu/policies/6101.pdf

 In 2015 the Regents of the University of California adopted a Sustainable Investment Framework. The framework takes a holistic, forward thinking view of sustainable investing and the role of ESG in the investment process, it is designed to be a living document which changes over time. More details on the framework can be found here: 

https://www.ucop.edu/investment-office/sustainable-investment/sustainability-framework/index.html

Our CIO Jagdeep Sing Bachher frequently says "[a]t the University of California, we believe that the challenges of environmental sustainability, social responsibility, and governance risk represent an opportunity, not a conflict, with fiduciary duty. In fact, we believe that fiduciary duty now requires systematic attention to sustainability factors.”

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

The UC Board of Regents has instituted two exclusionary polices for responsible investing: Sudan and tobacco. The OCIO also screens for guns, private prisons, thermal coal, oil and tar sands.  

 

 

Additional ISS SRI proxy information:

https://www.issgovernance.com/file/policy/2018/specialty/Sustainability-US-Policy-Updates.pdf

https://www.issgovernance.com/file/policy/2018/specialty/Sustainability-International-Voting-Guidelines.pdf

https://www.issgovernance.com/file/policy/2018/specialty/Sustainability-International-Policy-Updates.pdf


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Please see the link below

http://regents.universityofcalifornia.edu/governance/policies/6104.html

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Not Completed)


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