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Environmental Record:

Investments and Sustainability: The area where the university ranked the lowest on the Green Report Card was in sustainable investment policies. In 2010, the university received an F rating for shareholder engagement because “[m]ost of the endowment is invested in mutual funds, index funds, corporate trusts, commingled accounts, and limited partnerships. For the few direct equity investment accounts, the university provides proxy voting guidelines to its investment managers.” UC Berkeley also received C’s for endowment transparency and investment priorities. According to the report, these ratings were given because despite providing a list of investment managers online to the public, the Berkeley Foundation “does not make the shareholder voting record of its mutual funds and commingled funds public.” The university is not invested in renewable energy funds or community based development loan funds, and the university has no information about its investment policies in the most recent campus sustainability report released in 2012. The ratings for investment practices and endowment transparency were elevated to B’s and shareholder engagement was upgraded to a D in 2011, yet the descriptions for the grades remain exactly the same as the report in 2010 with no information on why the grades were changed or how the practices were improved.

Energy Profile: According to the 2012 Campus Sustainability report, the main energy resources at UC Berkeley are electricity provided by the Pacific Gas and Electric (PG+E); purchased steam from an on-campus natural gas fired co-generation plant managed by Olympus Power LLP, with electricity provided by PG+E; and natural gas used for heating and hot water in a few buildings.