Chief Investment Officer of the Regents
The Office of the Chief Investment Officer of the Regents (OCIO) believes that the consideration of environmental, social and governance (ESG) factors is fundamental to the investment evaluation process. We do not seek merely to establish a sustainability policy for our holdings, but rather to holistically embed sustainability analysis into our investment culture. This commitment is aligned with the United Nations-supported Principles for Responsible Investment (PRI). As a PRI signatory, the OCIO is committed to continuous improvement of ESG integration across our operations and all asset classes over time.
We manage our money both internally and externally, drawing on the skills of professionals and partners. The OCIO has begun an ongoing dialogue with our external managers to ensure they understand the priority we place on sustainability and to make sure we understand how our managers assess ESG risks and opportunities in their investment process. We have also added a description of our Sustainable Investing Framework into our standardized external manager contracts and communications, including specific information about securities that should not be purchased on our behalf. As part of our implementation of our Sustainable Investing policies, we have added ESG factors more systematically into our evaluation and due diligence processes both for our internally managed fixed income and for investment evaluation processes for private equity opportunities. For our real estate holdings, a particular emphasis is being given to energy efficiency, water management and additional sustainability factors.