Minutes of Meeting

Faculty Affairs Committee Thursday, January 14, 2016 at 12:15 PM

Location: OFE/FA Conference Room - Osprey Commons, Bldg 16, 3rd Floor, Rm 3108

Call to Order:

The meeting was called to order at 12:20 PM by David Fenner 2015-2016 Co-Chair.

Members Present:

Gordon Rakita, Diane Tanner, David Fenner, Alireza Jahan-Mihan, Scott Hochwald

Members Absent:

Dan Richard, Sherry Pinkstaff, Mina Baliamoune, Lisandra Carmichael

Ex-Officio Members:

Chip Klostermeyer (FA president)

Others Attending:

David Jaffee, members of the Divest UNF
  • Approval of the Minutes
    Minutes from November 12th were approved and posted on web.
  • New Business

    Divest UNF & David Jaffee (COAS):

    David Jaffee provided the committee with a background to the issue regarding investment in fossil fuels, and why he feels that the Faculty Association should pay more attention to where the university is investing. He indicated that the university has values that were defined by a Task Force several years ago.  One recommendation was that the university apply their values to its endowment fund.  However, UNF Foundation Board established a socially responsible investment policy that endorses an institutional neutrality.  Jaffee would like the Faculty Association to advocate for the establishment of a Social Responsibility Investment Advisory Committee that would provide transparency to the investment process and recommend applying the university’s values to its investment portfolio.

     

    The student group DivestUNF then gave a presentation that explained their history, recent activities, and their request. Divest UNF for Climate Justice is a student-led initiative calling the University of North Florida to divest the endowment from fossil fuel extraction companies.  Their group was established because it was their wish to maintain the values of the university that drew/attracted them to UNF.  They are asking President Delaney, the UNF Board of Trustees, and the UNF Foundation to:

     

    1. Immediately freeze any new investment in the largest 200 coal, gas and oil companies that own oil, gas and coal reserves that represent a significant percentage of the entire global market.
    2. Divest from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds within 5 years.  
    3. Diligently seek ethical reinvest options in clean energy solutions and the Jacksonville community.

     

    They request the Faculty Association consider drafting a letter of support.

  • Old Business
    Given time constraints, all old business was tabled until the February meeting.
  • Adjournment & Next Meeting
    The meeting adjourned at 1:15 PM.
    Next meeting will be on Thursday, February 11, 2016 at 12:15 p.m. in the OFE/FA Conference Room, Bldg 16, Rm 3108.