Sustainability Reporting of the Top Liberal Arts Colleges

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1 Albion College, Allegheny College, Alma College, Amherst College, Augustana College, Austin College, Baker University, Bard College, Barnard College, Bates College, Bennington College, Berry College, Bethel College, Bowdoin College, Bryn Mawr College, Bucknell University, Calvin College, Carleton College, Central College, Centre College, Coe College, Colby College, Colgate University,College of t. Benedict, College of the Atlantic, College of the Holy Cross, Colorado College, Concordia College--Moorhead, Connecticut College, Davidson College, DePauw University, Dickinson College, Doane College, ckerd College, mory and Henry College, Fisk University, Franklin and Marshall College, Furman University, Pacific ustainability Index cores: A benchmarking tool for online sustainability reporting Gettysburg College, Gordon College, Goshen College, Goucher College, Grinnell College, Grove City College, Gustavus Adolphus College, Hamilton College, Hampden-ydney College, Hampshire College, Hanover College, Harvey Mudd College, Haverford College, Hendrix College, Hillsdale College, Hiram College, Hollins University, Hope College, Houghton College, Juniata College, Kenyon College, Knox College, Lafayette College, Lake Forest College, Lawrence University, Lewis & Clark College, Linfield College, Luther College, Lycoming College, Lyon College, Macalester College, McDaniel College, Middlebury College, Milikin University, Millsaps College, Moravian College, Morehouse College, Mount Holyoke College, Muhlenberg College, New College of Florida, Oberlin College, Occidental College, Ohio Wesleyan University, Pitzer College, Pomona College, Presbyterian College, Principia College, Randolph College, Randolph-Macon College, Reed College, Ripon College, Russell age College, cripps College, ewanee College, iena College, kidmore College, mith College, t. Anselm College, t. John's University, t. Mary's College of Maryland,t. Michael's College, t. Norbert College, t. Olaf College, tonehill College, usquehanna University, warthmore College, weet Briar College,Transylvania University, Trinity College,Union College, University of Puget ound, University of Richmond, U Military Academy, U Naval Academy, Vassar College, Washington and Jefferson College, Washington and Lee University, Washington College, Wellesley College, Wells College, Wesleyan University, Westmont College, Wheaton College, Illinois, Whitman College, Whittier College, William Jewell College, Williams College, Wittenberg University, and Wofford College ustainability Reporting of the Top Liberal Arts Colleges J.mil Morhardt, lgeritte Adidjaja, Gracie Beck, Leah Bross, hawn Campas, Karina Corona, am Cunningham, Jaclyn T. D'Arcy, Daria Dulan, Katherine A. Feller, Giselle Fierro, Timothy M. Fine, Marshall Fisher, rin Franks, Bianca Garcia, Isabel Garcia, Roxana Garcia, Marissa L. Garvin, Karina Gomez, Andrew Greenfield, Bukola Jimoh, Allison Jones, Gaudensia Kalabamu, Tigist Kassahun, Markus Kessler, Ana Kostioukova, Cecilia Ledesma, Heejung Lim, ileen Lopez, Marcia Marcella McWilliams, Brian Nadler, Megan Nevels, amantha Nkala, Diana Ortiz, Rishabh Rajen Parekh, lizabeth Perez, Dialika all, Ashley cott, Mpho okwane, Joseph Bryan wartley, ric James Van Oss, aul Vasquez, and Yuanxi Zhang.

2 Contents Topics Page Director s Foreword 3 Company Rankings 5 PI Overview 6 PI coring in a Nutshell 7 nvironmental Intent Topics 8 nvironmental Reporting Topics 9 ocial Intent Topics 1 ocial Reporting Topics 11 nvironmental Intent lement of the PI cores 12 nvironmental Reporting lement of the PI 13 cores ocial Intent lement of the PI cores 14 ocial Reporting lement of the PI cores 15 nvironmental Intent cores Ranking 16 nvironmental Reporting cores Ranking 17 nvironmental Performance cores Ranking 18 ocial Intent cores Ranking 19 ocial Reporting cores Ranking 2 ocial Performance cores Ranking 21 Visual Cluster Analysis 22 Human Rights Reporting lement 26 Number of xplicit numerical goals Reported 27 Number of Topics howing Performance 28 Improvement over Previous Year Data Analyst s Comments, alphabetically listed by 3 company name Appendix: PI Questionnaire 191 Questions should be addressed to: Dr. J. mil Morhardt, Director Roberts nvironmental Center Claremont McKenna College 9 N. Mills Ave. Claremont, CA , UA Direct line: (99) lgeritte Adidjaja, Research Fellow (99) The Roberts nvironmental Center has been the foremost analyst of corporate sustainability reporting for over a decade. We analyze corporate online disclosure using our Pacific ustainability Index (PI) and publish the results online. Industrial ector** Aerospace & Defense X X Airlines X X Banks, Insurance X Chemicals X X X Largest Companies in China X Colleges/Universities X 1 X, X 2 Computer, Office quipment, X & ervices Food & Beverages X X X lectronics & X X X emiconductors nergy & Utilities X * X * X X ntertainment X Federal Agencies X Food ervices X Forest & Paper Products X X X General Merchandiser X Homebuilders X Industrial & Farm quipment X X Mail, Freight, & hipping X Medical Products & X quipment Metals X * X X Mining, Crude Oil X * X X Motor Vehicle & Parts X X X Municipalities X Oil and Gas quipment X Petroleum & Refining X X X Pharmaceuticals X X X X cientific, Photo, & Control X quipment Telecommunications, X Network, & Peripherals * Multiple-sector category was separated in later years. **As of June Top 5 Liberal Arts Colleges. 2 Top Liberal Art Colleges Departmental ecretaries: (99) The goal of corporate report analysis conducted by the Roberts nvironmental Center is to acquaint students with environmental and social issues facing the world s industries, and the ways in which industry approaches and resolves these issues. The data presented in this report were collected by student research assistants and a research fellow at the Roberts nvironmental Center. Copyright 211 by J. mil Morhardt. All rights reserved. 2 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

3 Director s Foreword This report is an analysis of the web-based reporting of sustainability topics covered by the 127 American liberal arts colleges most highly-ranked in 211 by U.. News and World Report. The metrics used are primarily the baseline topics of the Roberts nvironmental Center s Pacific ustainability Index (PI) that we have systematically applied to the world s largest corporations for the last decade, minimally supplemented with topics specific to the education sector. This approach has the advantage of allowing a direct comparison with the sustainability transparency and performance of large corporations, but has the built-in disadvantage that many of these topics of interest to educational institutions are not shared by large corporations, and vice versa. The full scoresheet used in the analysis is appended and a comparison with the questionnaire used by the College ustainability Report Card, accessible at greenreportcard.org, and with the guidance for educational sustainability reporting produced by the Association for the Advancement of ustainability in Higher ducation (AAH), the ustainability Tracking and Rating ystem (TAR) will reveal some of the differences. All three sets of topics are more-or-less arbitrarily chosen, and should all be consulted for a clear overview. The websites of the top 5 colleges excluding Claremont McKenna College were analyzed by the Roberts nvironmental Center in 21 and we have incorporated that information from our 21 report. The analysis for colleges ranked is new in this report. Had we reanalyzed the top 5 it is possible that many of their scores would have improved in the ensuing year, but we do not capture such improvements. We decided to proceed in this way because we wanted to get well beyond the top 5 colleges but we do not have the capacity to analyze many more than 8 colleges at a time. Also, it is our general practice to reanalyze each sector every two years, so it seemed premature to reanalyze the top 5 so soon. We are, in parallel, conducting an equivalent process for American universities, analyzing those ranked 51 through about 127 as well and reporting them along with the rankings of the previous top-ranked 5. That report was released at the same time as this one. As with corporations, we have ranked the colleges by performance on the PI, and assigned letter grades normalized to the highest scorer within this group, Williams College, which by virtue of achieving the highest overall score with 43% of the maximum points, gets an A+. The highest scores in many industrial sectors are higher, commonly above 6%. In comparing the two groups of colleges (the top 5 and ) there is considerable overlap in the scores, with several of the newly analyzed set (College of t. Benedict and t. John s University, Luther College, Hollins University, and ckhard College) near the previous top scorer, Williams College. The original group is marked with asterisks in all of our bar graphs showing rankings, and the interspersion of colleges with asterisks and those without is evident except in the lowest scoring quartile which is made up largely of the lower ranked colleges. On the following page we provide graphs comparing the scores achieved in this report with the U News and World Report ranking, the letter grades assigned by the College ustainabibility Report Card, and the AAH TAR system. The TAR website has, as of this writing, 191 participants, and publishes ratings (Reporter, Bronze ilver, or Gold) for some of them, but as of yet only nine of the top 127 colleges are rated by TAR. J. mil Morhardt, Ph.D. Roberts Professor of nvironmental Biology Director, Roberts nvironmental Center 3 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

4 The graph above left shows that there is a very low, but significant, correlation between the PI scores and the U.. News and World Report ranking in the expected direction; the higher the PI score the lower the rank. The weakness of this correlation, however, suggests that the U.. News and World Report ranking is not capturing important environmental and social responsibility aspects of college administrative activities and student life that it might consider adding. The graph above right is based on the College ustainability report card at greenreportcard.org and, for the 59 colleges it rates in common with this report, the correlation with the PI is a little better than the U.. News and World Report Ranking, and also in the expected direction with the higher the letter grade, the higher the PI score. This methodology is quite different from the PI; to be scored, the college must have an endowment exceeding $16,,, fill out a detailed questionnaire provided by greenreportcard.com, and pay a fee of $7 to get it processed to produce a score. Colleges not meeting these criteria are not graded, so it might be expected that these ratings would be skewed toward colleges doing a good job of reporting. This is supported by the fact that only five colleges turned in a questionnaire that resulted in a grade of C (a score of 6 on the above graph) or lower. Much of the material considered by the GreenReportCard.org is applicable to the PI, so it would likely increase colleges PI scores if they posted the questionnaires they filled out for GreenReportCard.org to their own websites. The AAH TAR rating system uses a similar approach, with a detailed questionnaire that, so far, only 9 of the top 127 liberal arts colleges appear to have filled out although many more are on the TAR list of participating institutions so it is likely that more data will be available for comparison the next time we do this report. There are too few data points to tell if the TAR ratings are correlated with the PI overall scores 4 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

5 ustainability Reporting of the Top Liberal Arts Colleges (21*/211) Williams College* College of t. Benedict and t. John's Universit y Bucknell University* Lut her College Hollins University Mount Holyoke College* ckerd College Allegheny College Concordia College--Moorhead Bard College* Amherst College* Colorado College* Grinnell College* Get t ysburg College* t. Olaf College* Gust avus Adolphus College Coe College Berry College Linf ield College t. Michael's College Reed College* Haverf ord College* Washingt on and Jef f erson College Calvin College Wesleyan Universit y* kidmore College* cripps College Oberlin College* Whit t ier College DePauw Universit y* Hampshire College Barnard College* Presbyt erian College Universit y of Puget ound Pomona College* usquehanna Universit y Hope College Hamilt on College* Wellesley College* Wit t enberg Universit y Washingt on College McDaniel College College of t he At lant ic Goucher College Macalest er College* Furman Universit y* Franklin and Marshall College* Dickinson College* Vassar College* Goshen College Davidson College* Knox College Wells College Randolph College mit h College* Bowdoin College* Baker University Bat es College* Hendrix College August ana College Middlebury College* Transylvania Universit y Ohio Wesleyan Universit y Laf ayet t e College* Carlet on College* Colgat e Universit y* Washingt on and Lee Universit y* Lycoming College t. Anselm College wart hmore College* College of t he Holy Cross* Pit zer College* Randolph-Macon College New College of Florida Wofford College Austin College Benningt on College Connect icut College* Muhlenberg College Moravian College ewanee College* Lawrence Universit y t. Mary's College of Maryland Hought on College U Military Academy* Lewis & Clark College Bryn Mawr College* Universit y of Richmond* Union College* Colby College* Albion College Hiram College Morehouse College Kenyon College* t. Norbert College Trinit y College* Whit man College* t onehill College Harvey Mudd College* William Jewell College Juniat a College Millsaps College Hampden-ydney College Gordon College Russell age College Lake Forest College Lyon College Alma College Cent re College* Wheat on College, Illinois iena College U Naval Academy* mory and Henry College weet Briar College Bet hel College Fisk Univer sit y Doane College Ripon College Cent ral College Hillsdale College Principia College Grove Cit y College Occident al College* Milikin University West mont College Hanover College A+ A A A A A- A- B+ B+ B+ B+ B+ B+ B+ B+ B+ B+ B+ B B B B B B B B B B B B B B B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ Williams College* College of t. Benedict and t. John's University Bucknell University* Luther College Hollins University Mount Holyoke College* ckerd College Allegheny College Concordia College--Moorhead Bard College* Amherst College* Colorado College* Grinnell College* Gettysburg College* t. Olaf College* Gustavus Adolphus College Coe College Berry College Linfield College t. Michael's College Reed College* Haverford College* Washington and Jefferson College Calvin College Wesleyan University* kidmore College* cripps College Oberlin College* Whittier College DePauw University* Hampshire College Barnard College* Presbyterian College University of Puget ound Pomona College* usquehanna University Hope College Hamilton College* Wellesley College* Wittenberg University Washington College McDaniel College College of the Atlantic Goucher College Macalester College* Furman University* Franklin and Marshall College* Dickinson College* Vassar College* Goshen College Davidson College* Knox College Wells College Randolph College mith College* Bowdoin College* Baker University Bates College* Hendrix College Augustana College Middlebury College* Transylvania University Ohio Wesleyan University Overall Grade C+ C+ C+ C+ C+ C+ C+ C+ C C C C C C C C C C C C C C- C- C- C- C- C- C- C- C- C- C- C- C- D D D D D D D D D D- D- D- D- D- D- D- D- D- D- Lafayette College* Carleton College* Colgate University* Washington and Lee University* Lycoming College t. Anselm College warthmore College* College of the Holy Cross* Pitzer College* Randolph-Macon College New College of Florida Wofford College Austin College Bennington College Connecticut College* Muhlenberg College Moravian College ewanee College* Lawrence University t. Mary's College of Maryland Houghton College U Military Academy* Lewis & Clark College Bryn Mawr College* University of Richmond* Union College* Colby College* Albion College Hiram College Morehouse College Kenyon College* t. Norbert College Trinity College* Whitman College* tonehill College Harvey Mudd College* William Jewell College Juniata College Millsaps College Hampden-ydney College Gordon College Russell age College Lake Forest College Lyon College Alma College Centre College* Wheaton College, Illinois iena College U Naval Academy* mory and Henry College weet Briar College Bethel College Fisk University Doane College Ripon College Central College Hillsdale College Principia College Grove City College Occidental College* Milikin University Westmont College Hanover College This report is based on material from two different years in the websites of the liberal arts colleges ranked by U News and World Report in 211. The websites of the top 5 colleges were analyzed by the Roberts nvironmental Center in 21 and we have incorporated that information unchanged from our 21 report. Those colleges are marked with an * in the above chart and listing. The analysis for colleges ranked is new in this report. ee the Director s Comment for further explanation. 5 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

6 The Pacific ustainability Index (PI) Overview the PI coring ystem The Pacific ustainability Index (PI) uses two systematic questionnaires to analyze the quality of the sustainability reporting a base questionnaire for reports across sectors and a sector-specific questionnaire for universities. The Roberts nvironmental Center The Roberts nvironmental Center is an environmental research institute at Claremont McKenna College (CMC). Its mission is to provide students of all the Claremont Colleges with a comprehensive and realistic understanding of today s environmental issues and the ways in which they are being and can be resolved-- beyond the confines of traditional academic disciplines and curriculum--and to identify, publicize, and encourage policies and practices that achieve economic and social goals in the most environmentally benign and protective manner. The Center is partially funded by an endowment from George R. Roberts (Founding Partner of Kohlberg Kravis Roberts & Co. and CMC alumnus), other grants and gifts, and is staffed by faculty and students from the Claremont Colleges. Methodology tudent analysts download relevant nglish language web pages from the main universities website for analysis. Our scoring excludes data independently stored outside the main university website or available only in hard copy. We archive these web pages as PDF files for future reference. Our analysts use a keyword search function to search reporting of specific topics, they fill out a PI scoring sheet ( and track the coverage and depths of different sustainability issues mentioned in all online materials. cores and Ranks When they are finished scoring, the analysts enter their scoring results into the PI database. The PI database calculates scores and publishes them on the Center s website. This sector report provides an indepth analysis on sustainability reporting of the largest universities of the sector, as listed in the U.. News and World Report. What do the scores mean? We normalize all the scores to the potential maximum score. cores of subsets of the overall score are also normalized to their potential maxima. The letter grades (A+, A, A-, B+, etc.), however, are normalized to the highest scoring university analyzed in the report. Universities with scores in the highest 4% get an A+ and any in the bottom 4% get an F. We assign these by dividing the maximum PI score obtained in the sector into 12 equal parts then rounding fractional score up or down. This means that A+ and F are underrepresented compared to the other grades. The same technique applies to the separate categories of environmental and social scores. Thus, we grade on the curve. We assume that the highest score obtained in the sector and any scores near it represent the state-of-the-art for that sector and deserve an A ustainability Reporting of Top Liberal Arts Colleges (21*-211)

7 PI coring in a Nutshell Our analysis of sustainability reporting has a set of basic topics applied to all organizations as well as a series of sector-specific topics. The topics are divided into environmental and social categories the latter including human rights and into three types of information: 1) intent, 2) reporting, and 3) performance. 1. Intent The Intent topics are each worth two points; one point for a discussion of intentions, vision, or plans, and one point for evidence of specific actions taken to implement them. 2. Reporting The Reporting topics are each worth five points and are either quantitative (for which we expect numerical data) or qualitative (for which we don t). For quantitative topics, one point is available for a discussion, one point for putting the information into perspective (i.e. awards, industry standards, competitor performance, etc., or if the raw data are normalized by dividing by revenue, number of employees, number of widgets produced, etc.), one point for the presence of an explicit numerical goal, one point for numerical data from a single year, and one point for similar data from a previous year. For qualitative topics, there are three criteria summed up to five points: 1.67 points for discussion, 1.67 points for initiatives or actions, and 1.67 points for perspective. 3. Performance For each Reporting topic, two performance points are available. For quantitative topics, one point is given for improvement from the previous reporting period, and one point for better performance than the sector average (based on the data used for this sector report normalized by revenue). For qualitative topics, we give one point for any indication of improvement from previous reporting periods, and one point for perspective. The 11 human rights topics are scored differently, with five reporting points; 2.5 points for formally adopting a policy or standard and 2.5 points for a description of monitoring measures. In addition, there are two performance points; one point for evidence of actions to reinforce policy and one point for a quantitative indication of compliance. Distribution of cores by topics 7 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

8 Liberal Arts Colleges nvironmental Intent Topics Percent of possible points for all companies combined Accountability College ector pecific Indicator Management Policy The College ustainability Report Card Criteria Vision Two possible points for each topic: Accountability 4 * Report contact person 19 * nvironmental management structure College ector pecific Indicator 297 * Dormitory/classroom waste recycling Management 16 * nvironmental education 2 * nvironmental management system 21 * nvironmental accounting 23 * takeholder consultation Policy 9 * nvironmental policy statement 1 * Climate change/global warming 11 * Habitat/ecosystem conservation 12 * Biodiversity 13 * Green purchasing The College ustainability Report Card Criteria 289 * Climate change & energy 29 * Food & recycling 291 * Green building 293 * Transportation Vision 5 * nvironmental visionary statement 6 * nvironmental impediments and challenges Notes: * These numbers correspond to the numbers in the PI questionnaire. Items with numbers higher than 99 are sectorspecific questions. Appendix 1 has the complete questionnaire. 8 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

9 Liberal Arts Colleges nvironmental Reporting Topics even possible points for each topic: Percent of possible points for all companies combined. 35 missions to Air 83 * Greenhouse gases (or CO2 equivalents), total 112 * Carbon dioxide (CO2) or equivalents (i e GHG) nergy * nergy used (total) 27 * nergy used (renewable) Management 38 * Notices of violation (environmental) * nvironmental expenses and investments 4 * Fines (environmental) * Green transportation initiatives 164 * mulating best practices * Green space * Procedures for selecting environmental performance indicators * Rationale for environmental initiatives and mitigations 5499 * Rationale for goals and targets 1.26 Materials Usage * Renewable materials used 161 * Pesticides used 162 * Fertilizer used * Green food purchasing Recycling 3 * Waste recycled: solid waste 32 * Waste (office) recycled missions to Air nergy Management Materials Usage Recycling Waste Water Waste 34 * Waste (solid) disposed of 35 * Waste (hazardous) produced 37 * Waste (hazardous) released to the environment 11 * Waste water released to natural water bodies Water 29 * Water used Notes: * These numbers correspond to the numbers in the PI questionnaire. Items with numbers higher than 99 are sectorspecific questions. Appendix 1 has the complete questionnaire. 9 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

10 Liberal Arts Colleges ocial Intent Topics Percent of possible points for all companies combined Accountability Management Policy ocial Demographic The College ustainability Report Card Criteria Vision Two possible points for each topic: Accountability 51 * Health and safety, or social organizational structure 54 * Third-party validation Management 17 * Workforce profile: ethnicities/race 18 * Workforce profile: gender 52 * Workforce profile: age 53 * mergency preparedness program 82 * mployee training for career development Policy 45 * ocial policy statement 47 * Code of conduct or business ethics 49 * upplier screening based on social or environmental performance/ supplier management ocial Demographic 8 * mployment for individuals with disabilities The College ustainability Report Card Criteria 288 * Formal ustainability Commitments 292 * tudent involvement 294 * ndowment transparency 295 * Investment priorities 296 * hareholder engagement Vision 42 * ocial visionary statement 43 * ocial impediments and challenges Notes: * These numbers correspond to the numbers in the PI questionnaire. Items with numbers higher than 99 are sectorspecific questions. Appendix 1 has the complete questionnaire. 1 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

11 Liberal Arts Colleges ocial Reporting Topics Percent of possible points for all companies combined even possible points for each topic: Human Rights 1 * exual harassment 7 * Political contributions 8 * Bribery 58 * Anti-corruption practices 59 * Degrading treatment or punishment of employees 6 * limination of discrimination in respect to employment and occupation 61 * Free association and collective bargaining of employees 62 * Fair compensation of employees 63 * limination of all forms of forced and compulsory labor 64 * Reasonable working hours 65 * ffective abolition of child labor Management 2 * Women in management Qualitative ocial 66 * Community development Human Rights Management Qualitative ocial Quantitative ocial 67 * mployee satisfaction surveys 68 * Community education 7 * Occupational health and safety protection 72 * mployee volunteerism Quantitative ocial 3 * mployee turnover rate 74 * Recordable incident/accident rate * Lost workday case rate 76 * Health and safety citations 77 * Health and safety fines 81 * ocial community investment Notes: * These numbers correspond to the numbers in the PI questionnaire. Items with numbers higher than 99 are sectorspecific questions. Appendix 1 has the complete questionnaire ustainability Reporting of Top Liberal Arts Colleges (21*-211)

12 Liberal Arts Colleges nvironmental Intent lements of the PI cores Transportation 1.% 1.% Food & recycling nvironmental visionary statement Green building Green purchasing Climate change & energy nvironmental education Climate change/global warming Dormitory/classroom waste recycling nvironmental management structure nvironmental policy statement Report contact person Habitat/ecosystem conservation nvironmental impediments and challenges Biodiversity takeholder consultation nvironmental accounting nvironmental management system 8.8% 77.6% 79.4% 74.6% 79.2% 74.% 77.% 68.7% 76.% 71.2%.4% 71.4% 73.8% 66.3% 65.9% 61.4% 65.1% 54.8% 63.5% 58.3% 62.7% 57.1% 55.6% 48.4% 38.1% 32.9% 34.9% 27.4% 34.1% 27.4% 29.4% 21.%.4% 21.8% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% = Percentage of institutions addressing the topics = Percentage of the total possible number of points awarded to all institutions combined for each topic, indicating the depth of reporting coverage measured by PI criteria for each topic. If both percentages are the same it means that each of those reporting institutions reporting on a topic got all the possible points ustainability Reporting of Top Liberal Arts Colleges (21*-211)

13 Liberal Arts Colleges nvironmental Reporting lements of the PI cores Greenhouse gases (or CO2 equivalents), total 35.7% 1.% Waste recycled: solid waste Green food purchasing Waste (office) recycled Green transportation initiatives Carbon dioxide (CO2) or equivalents (i e GHG) nergy used (total) nergy used (renewable) 21.7% 33.7% 19. % 32.8% 21.6% 24.7% 2.1% 69.8% 68.% 67.5% 64.% 62.2% 58.7% 57.1% Water used Renewable materials used Waste (solid) disposed of % 7.1% % 5.8% 5.% 42.9% Rationale for environmental initiatives and mitigations 42.4% 22.6% Green space 9.1% 39.2% Rationale for goals and targets Waste (hazardous) produced Pesticides used mulating best practices Fertilizer used Waste water released to natural water bodies nvironmental expenses and investments Waste (hazardous) released to the environment Procedures for selecting environmental performance indicators Fines (environmental) Notices of violation (environmental) 35.2% 2.3% 31.% 6.8% 28.8% 4.8% 27.2% %.6% 5.1% 22.4% 4.9% % 5.% 15. 1% 3.6% 1. 4 % 5.6% 1. 6 %.3%.8%.1% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% = Percentage of institutions addressing the topics = Percentage of the total possible number of points awarded to all institutions combined for each topic, indicating the depth of reporting coverage measured by PI criteria for each topic. If both percentages are the same it means that each of those reporting institutions reporting on a topic got all the possible points ustainability Reporting of Top Liberal Arts Colleges (21*-211)

14 Liberal Arts Colleges ocial Intent lements of the PI cores tudent involvement mergency preparedness program ocial visionary statement Health and safety, or social organizational structure mployment for individuals with disabilities Formal ustainability Commitments Code of conduct or business ethics mployee training for career development ocial policy statement Workforce profile: ethnicities/race Investment priorities ndowment transparency Workforce profile: gender upplier screening based on social or environmental performance/ supplier management Third-party validation hareholder engagement ocial impediments and challenges Workforce profile: age 86.4% 83.2% 77.% 73.8% 7.6% 63.9% 69.8% 59.1% 67.5% 57.9% 6.% 54.4% 54.% 46.4% 5.8% 45.6% 41.3% 35.7% 4.5% 31.3% 4.% 33.6% 38.4% 31.2% 38.1% 29.%.4% 2.2%.4% 22.2% 23.2% 2.% 23.% 2.2% 22.2% 17.9% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% = Percentage of institutions addressing the topics = Percentage of the total possible number of points awarded to all institutions combined for each topic, indicating the depth of reporting coverage measured by PI criteria for each topic. If both percentages are the same it means that each of those reporting institutions reporting on a topic got all the possible points ustainability Reporting of Top Liberal Arts Colleges (21*-211)

15 Liberal Arts Colleges ocial Reporting lements of the PI cores limination of discrimination in respect to employment and occupation exual harassment 46.9% 79.4% 78.6% 55.7% Community development Community education 29.3% 39.3% 67.5% 77.8% Occupational health and safety protection 24.3% 55.6% Fair compensation of employees 46.%.8% ocial community investment mployee volunteerism 8.4% % 41.3% 4.5% Reasonable working hours Anti-corruption practices Women in management Degrading treatment or punishment of employees Recordable incident/accident rate Free association and collective bargaining of employees Bribery mployee satisfaction surveys ffective abolition of child labor limination of all forms of forced and compulsory labor Health and safety citations Political contributions Health and safety fines Lost workday case rate mployee turnover rate 34.1% 17. % % 8.4% % 5.3% % 7.1% % 4.4% % 5.% 11. 1% 5.2% 8.7% 3.2% 8.7% 2.9% 7.9% 2.9% 7.9% 1. 7 % 5.6% 2.9% 4.8%.9% 4.%.6% 3.2% 1. 1% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% = Percentage of institutions addressing the topics = Percentage of the total possible number of points awarded to all institutions combined for each topic, indicating the depth of reporting coverage measured by PI criteria for each topic. If both percentages are the same it means that each of those reporting institutions reporting on a topic got all the possible points ustainability Reporting of Top Liberal Arts Colleges (21*-211)

16 nvironmental Intent cores I core Rankings A+ Knox College College of t. Benedict and t. John's Universit y Knox College B Hendrix College Grinnell College* 91.2 Allegheny College 91.2 A+ College of t. Benedict and t. B Franklin and Marshall College* Carlet on College* Pomona College* John's University B- t. Norbert College Reed College* Hollins University A+ Grinnell College* B- Ohio Wesleyan University avus Adolphus College Williams College* Mount Holyoke College* 88.2 Gust A+ Allegheny College B- Houghton College cripps College 85.3 McDaniel College 85.3 A+ Carleton College* B- University of Richmond* Washingt on College A+ Pomona College* B- Lafayette College* Lut her College 82.4 A+ Reed College* B- Hamilton College* Bowdoin College* Amherst College* College of t he At lant ic Calvin College 79.4 Oberlin College* 79.4 A+ Hollins University B- Bard College* Wesleyan Universit y* Furman Universit y* 79.4 A+ Mount Holyoke College* B- Harvey Mudd College* Colorado College* 79.4 A+ Gustavus Adolphus College B- mith College* Bat es College* Berry College Wofford College Hope College A+ Williams College* B- Moravian College Bucknell University* Connect icut College* Trinit y College* 76.5 A cripps College B- Juniata College Pit zer College* Concordia College--Moorhead A McDaniel College B- Colgate University* Whit t ier College Washingt on and Jef f erson College A College of the Atlantic B- College of the Holy Cross* Linf ield College Coe College usquehanna Universit y 73.5 A Washington College B- Colby College* Austin College 73.5 kidmore College* 73.5 A Luther College C+ Wittenberg University Union College* Presbyt erian College A Bowdoin College* C+ t. Anselm College Goucher College 7.6 A Amherst College* C+ U Military Academy* ckerd College Wellesley College* Transylvania Universit y 7.6 t. Michael's College 7.6 A- Calvin College C+ Randolph College Macalest er College* Dickinson College* A- Oberlin College* C+ Lycoming College Barnard College* 7.6 A- Wesleyan University* C+ warthmore College* Vassar College* Get t ysburg College* DePauw Universit y* 67.6 Goshen College 64.7 A- Furman University* C+ Bryn Mawr College* A- Colorado College* C Lyon College t onehill College 61.8 A- Bates College* C Lewis & Clark College Hampshire College Whit man College* t. Olaf College* Haverf ord College* Universit y of Puget ound 61.8 Muhlenberg College 61.8 A- Berry College C Centre College* Middlebury College* A- Wofford College C Washington and Lee University* Davidson College* 61.8 Hendrix College 58.8 A- Hope College Franklin and Marshall College* 58.8 C Randolph-Macon College August ana College ewanee College* 58.8 t. Norbert College 55.9 A- Trinity College* C Bennington College Ohio Wesleyan Universit y 55.9 A- Bucknell University* C Baker University Hought on College Universit y of Richmond* Laf ayet t e College* 55.9 Hamilt on College* 55.9 A- Connecticut College* C Albion College A- Pitzer College* C t. Mary's College of Maryland mit h College* 55.9 Moravian College 52.9 A- Concordia College--Moorhead Juniat a College 52.9 C William Jewell College Bard College* Harvey Mudd College* Colgat e Universit y* College of t he Holy Cross* A- Whittier College C Wells College Colby College* 5. Wit t enberg Universit y 47.1 A- Washington and Jefferson College C Gordon College t. Anselm College 47.1 U Military Academy* 47.1 A- usquehanna University Randolph College 44.1 C New College of Florida Lycoming College wart hmore College* A- Linfield College C Lawrence University Bryn Mawr College* 44.1 Lyon College 41.2 A- Coe College Millsaps College Lewis & Clark College 41.2 A- Austin College Kenyon College* Cent re College* Washingt on and Lee Universit y* Randolph-Macon College 38.2 Benningt on College 38.2 A- kidmore College* mory and Henry College Albion College A- Union College* weet Briar College t. Mary's College of Maryland 38.2 B+ Presbyterian College Wheaton College, Illinois William Jewell College Wells College Baker University Gordon College New College of Florida B+ Goucher College D iena College Lawrence Universit y 35.3 Millsaps College 26.5 Kenyon College* 23.5 B+ ckerd College D Lake Forest College mory and Henry College weet Briar College B+ Wellesley College* D Central College Wheat on College, Illinois 2.6 iena College B+ Transylvania University D Morehouse College Lake Forest College B+ t. Michael's College D Alma College Cent ral College Morehouse College Alma College Occident al College* B+ Macalester College* D Occidental College* Russell age College Grove Cit y College B+ Dickinson College* D Russell age College Bet hel College 8.8 B+ Barnard College* D Grove City College U Naval Academy* Principia College Hiram College 5.9 Hanover College 5.9 B+ Vassar College* D- Bethel College B+ Gettysburg College* D- U Naval Academy* Hampden-ydney College. B+ DePauw University* D- Principia College Doane College Fisk Univer sit y.. Ripon College Milikin University West mont College. Hillsdale College. B+ Goshen College D- Hiram College 5 1 B+ t. Olaf College* D- Hanover College B+ Haverford College* D- Ripon College B tonehill College F Milikin University B Hampshire College F Hampden-ydney College nvironmental intent scores include topics about the firm s products, B Whitman College* F Doane College environmental organization, vision and commitment, stakeholders, B University of Puget ound F Fisk University environmental policy and certifications, environmental aspects and B Muhlenberg College F Westmont College impacts, choice of environmental performance indicators and those B Augustana College used by the industry, environmental initiatives and mitigations, and F Hillsdale College environmental goals and targets. B Middlebury College* B Davidson College* 16 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

17 nvironmental Reporting cores Williams College* Bucknell University* Amherst College* Hollins University Berry College Concordia College--Moorhead Mount Holyoke College* Coe College 4.63 College of t. Benedict and t. 4. Lut her College usquehanna Universit y Pomona College* Colorado College* 36.6 t. Olaf College* Get t ysburg College* Bard College* 33.3 cripps College Oberlin College* Vassar College* Barnard College* 3.91 Bates College* 3.28 Macalest er College* 3. Linf ield College Hamilt on College* McDaniel College Gust avus Adolphus College August ana College Wellesley College* Goucher College College of t he Holy Cross* Haverf ord College* Allegheny College Lawrence Universit y ckerd College Furman Universit y* Hendrix College Calvin College Universit y of Puget ound Randolph College Washingt on and Jef f erson College Hope College 21.9 Bowdoin College* Connect icut College* Ohio Wesleyan Universit y College of t he At lant ic Carlet on College* U Military Academy* Colby College* Lycoming College 2.63 Wesleyan Universit y* 2. DePauw Universit y* 2. Grinnell College* kidmore College* Knox College Hampshire College Washingt on College Pit zer College* Laf ayet t e College* Benningt on College Colgat e Universit y* ewanee College* Middlebury College* wart hmore College* Union College* Harvey Mudd College* Franklin and Marshall College* Goshen College Whit t ier College Washingt on and Lee Universit y* Davidson College* Wit t enberg Universit y Albion College Reed College* Dickinson College* Universit y of Richmond* mit h College* t. Michael's College t. Mary's College of Maryland Presbyt erian College Austin College 9.52 Whit man College* 8.57 Transylvania Universit y 8. Wofford College 7.94 Bryn Mawr College* 7.58 t. Norbert College 7.3 Randolph-Macon College 6.67 William Jewell College 6.67 t onehill College 6.67 t. Anselm College 6.67 Hought on College 6.67 Cent re College* 6.36 Gordon College 6.35 Lewis & Clark College 6.35 Juniat a College 6.3 Baker University 5.71 Alma College 5.4 weet Briar College 5.8 Occident al College* 4.85 Lake Forest College 4.76 Wheat on College, Illinois 4.13 Moravian College 3.81 Muhlenberg College 3.81 Millsaps College 3.81 Wells College 3.49 Morehouse College 3.49 Lyon College 3.49 mory and Henry College 3.17 Bet hel College 3.17 Ripon College 3.17 Kenyon College* 2.42 iena College 1. 9 Hampden-ydney College 1. 9 Russell age College West mont College Principia College. Milikin University. Grove Cit y College. Doane College. Cent ral College. Hiram College. Hanover College. Fisk Univer sit y. New College of Florida. Hillsdale College. U Naval Academy*. Trinit y College*. 5 1 A+ A A A- B+ B+ B+ B B C- nvironmental reporting scores are based on the degree to which the company discusses its emissions, energy sources and C- consumption, environmental incidents and violations, materials use, C- mitigations and remediation, waste produced, and water used. They C- also include use of life cycle analysis, environmental performance C- and stewardship of products, and environmental performance of suppliers and contractors. B B- B- B- B- B- B- B- C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C C C C C C C C C C C C C C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- Williams College* Bucknell University* Amherst College* Hollins University Berry College Concordia College--Moorhead Mount Holyoke College* Coe College College of t. Benedict and t. John's University Luther College usquehanna University Pomona College* Colorado College* t. Olaf College* Gettysburg College* Bard College* cripps College Oberlin College* Vassar College* Barnard College* Bates College* Macalester College* Linfield College Hamilton College* McDaniel College Gustavus Adolphus College Augustana College Wellesley College* Goucher College College of the Holy Cross* Haverford College* Allegheny College Lawrence University ckerd College Furman University* Hendrix College Calvin College University of Puget ound Randolph College Washington and Jefferson College Hope College Bowdoin College* Connecticut College* Ohio Wesleyan University College of the Atlantic Carleton College* U Military Academy* Colby College* Lycoming College Wesleyan University* DePauw University* Grinnell College* kidmore College* Knox College Hampshire College Washington College Pitzer College* Lafayette College* Bennington College Colgate University* ewanee College* Middlebury College* warthmore College* R core Rankings D D D D D D D D D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- F F F F F F F F F F F F F F F F F Union College* Harvey Mudd College* Franklin and Marshall College* Goshen College Whittier College Washington and Lee University* Davidson College* Wittenberg University Albion College Reed College* Dickinson College* University of Richmond* mith College* t. Michael's College t. Mary's College of Maryland Presbyterian College Austin College Whitman College* Transylvania University Wofford College Bryn Mawr College* t. Norbert College Randolph-Macon College William Jewell College tonehill College t. Anselm College Houghton College Centre College* Gordon College Lewis & Clark College Juniata College Baker University Alma College weet Briar College Occidental College* Lake Forest College Wheaton College, Illinois Moravian College Muhlenberg College Millsaps College Wells College Morehouse College Lyon College mory and Henry College Bethel College Ripon College Kenyon College* iena College Hampden-ydney College Russell age College Westmont College Principia College Milikin University Grove City College Doane College Central College Hiram College Hanover College Fisk University New College of Florida Hillsdale College U Naval Academy* Trinity College* 17 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

18 nvironmental Performance core Coe College Lut her College College of t. Benedict Hollins and University t. John's Universit y Williams College* Linf ield College Goucher College Hope College Concordia College--Moorhead College of t he At lant ic Mount Holyoke College* Allegheny College Get t ysburg College* Bucknell University* Amherst College* usquehanna Universit y Lycoming College Berry College Benningt on College Knox College Bowdoin College* Wit t enberg Universit y Hampshire College ckerd College Universit y of Puget ound Transylvania Universit y Barnard College* Washingt on and Jef f erson College Ohio Wesleyan Universit y Calvin College Baker University Whit man College* Wellesley College* Lawrence Universit y Gust avus Adolphus College Austin College Middlebury College* Carlet on College* Colby College* Hamilt on College* Whittier College Presbyt erian College McDaniel College Albion College Ripon College Washingt on College August ana College Macalest er College* Oberlin College* Dickinson College* ewanee College* Pit zer College* Pomona College* Bat es College* cripps College Randolph-Macon College William Jewell College t onehill College t. Norbert College Moravian College Lake Forest College Goshen College Bet hel College Wofford College Wheat on College, Illinois t. Mary's College of Maryland Hendrix College Grinnell College* Colgat e Universit y* College of t he Holy Cross* Universit y of Richmond* Wesleyan Universit y* Furman Universit y* Davidson College* Haverf ord College* DePauw Universit y* Bard College* U Military Academy* Union College* mory and Henry College Wells College weet Briar College t. Anselm College iena College Russell age College Randolph College Principia College Morehouse College Milikin University Lyon College Hampden-ydney College Grove Cit y College Doane College Cent ral College Alma College Hought on College Hiram College Hanover College Gordon College Fisk Univer sit y New College of Florida West mont College t. Michael's College Muhlenberg College Millsaps College Lewis & Clark College Juniat a College Hillsdale College Cent re College* wart hmore College* Franklin and Marshall College* Reed College* Washingt on and Lee Universit y* U Naval Academy* t. Olaf College* Laf ayet t e College* Trinit y College* Vassar College* Occident al College* Connect icut College* Colorado College* kidmore College* Kenyon College* Harvey Mudd College* mit h College* Bryn Mawr College* nvironmental performance scores are based on whether or not the firm has improved its performance on each of the topics discussed under the heading of environmental reporting, and on whether the quality of the performance is better than that of the firm s peers. coring for each topic is one point if performance is better than in previous reports, two points if better than industry peers, three points if both. A+ A+ B+ B+ B+ B- B- B- C+ C+ C+ C+ C+ C+ C+ C C C C C C C- C- C- C- C- C- D D D D D D D D D D D D D D D- D- D- D- D- D- D- D- D- Coe College Luther College Hollins University College of t. Benedict and t. John's University Williams College* Linfield College Goucher College Hope College Concordia College--Moorhead College of the Atlantic Mount Holyoke College* Allegheny College Gettysburg College* Bucknell University* Amherst College* usquehanna University Lycoming College Berry College Bennington College Knox College Bowdoin College* Wittenberg University Hampshire College ckerd College University of Puget ound Transylvania University Barnard College* Washington and Jefferson College Ohio Wesleyan University Calvin College Baker University Whitman College* Wellesley College* Lawrence University Gustavus Adolphus College Austin College Middlebury College* Carleton College* Colby College* Hamilton College* Whittier College Presbyterian College McDaniel College Albion College Ripon College Washington College Augustana College Macalester College* Oberlin College* Dickinson College* ewanee College* Pitzer College* Pomona College* Bates College* cripps College Randolph-Macon College William Jewell College tonehill College t. Norbert College Moravian College Lake Forest College Goshen College Bethel College P core Rankings D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- D- F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F F Wofford College Wheaton College, Illinois t. Mary's College of Maryland Hendrix College Grinnell College* Colgate University* College of the Holy Cross* University of Richmond* Wesleyan University* Furman University* Davidson College* Haverford College* DePauw University* Bard College* U Military Academy* Union College* mory and Henry College Wells College weet Briar College t. Anselm College iena College Russell age College Randolph College Principia College Morehouse College Milikin University Lyon College Hampden-ydney College Grove City College Doane College Central College Alma College Houghton College Hiram College Hanover College Gordon College Fisk University New College of Florida Westmont College t. Michael's College Muhlenberg College Millsaps College Lewis & Clark College Juniata College Hillsdale College Centre College* warthmore College* Franklin and Marshall College* Reed College* Washington and Lee University* U Naval Academy* t. Olaf College* Lafayette College* Trinity College* Vassar College* Occidental College* Connecticut College* Colorado College* kidmore College* Kenyon College* Harvey Mudd College* mith College* Bryn Mawr College* 18 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

19 ocial Intent cores Lut her College Gust avus Adolphus College Grinnell College* 8.56 Colorado College*. cripps College Wellesley College* Mount Holyoke College* Allegheny College Wesleyan Universit y* Barnard College* t. Michael's College College of t. Benedict and t. John's Universit y Lewis & Clark College Trinit y College* Vassar College* Presbyt erian College Hampshire College Reed College* ckerd College Hope College Haverf ord College* DePauw Universit y* kidmore College* Randolph-Macon College Hollins University Goshen College Calvin College Wells College Washingt on and Jef f erson College Laf ayet t e College* Coe College Universit y of Puget ound Bowdoin College* Hamilt on College* Washingt on College t. Olaf College* mit h College* Whit t ier College 5. Hought on College 5. Knox College 5. Wofford College 5. Middlebury College* 5. Macalest er College* 5. Franklin and Marshall College* 5. Dickinson College* 5. Washingt on and Lee Universit y* 5. Get t ysburg College* 5. Bryn Mawr College* 5. Wit t enberg Universit y Randolph College Baker University Transylvania Universit y Concordia College--Moorhead Goucher College College of t he At lant ic Hiram College Colgat e Universit y* Davidson College* t. Norbert College Russell age College Berry College New College of Florida Furman Universit y* t. Anselm College Muhlenberg College August ana College wart hmore College* Bucknell University* Williams College* usquehanna Universit y Morehouse College Moravian College McDaniel College Linf ield College Benningt on College Oberlin College* Kenyon College* Pit zer College* t onehill College Ohio Wesleyan Universit y Fisk Univer sit y College of t he Holy Cross* Bard College* Bat es College* Principia College 3.56 Lycoming College 3.56 Carlet on College* 3.56 Amherst College* 3.56 Hampden-ydney College Gordon College Colby College* Universit y of Richmond* Pomona College* William Jewell College. Milikin University. Lyon College. Grove Cit y College. mory and Henry College weet Briar College iena College Lake Forest College Doane College Millsaps College Lawrence Universit y Juniat a College Cent re College* U Naval Academy* Harvey Mudd College* Hillsdale College Austin College Connect icut College* Albion College Whit man College* t. Mary's College of Maryland Hendrix College U Military Academy* Ripon College Wheat on College, Illinois Alma College West mont College Union College* Bet hel College 8.33 ewanee College* 8.33 Cent ral College 5.56 Hanover College. Occident al College*. 5 1 ocial intent scores include topics about the firm s financials, employees, safety reporting, social management organization, social vision and commitment, stakeholders, social policy and certifications, social aspects and impacts, choice of social performance indicators and those used by the industry, social initiatives and mitigations, and social goals and targets. A+ A+ A A- A- A- A- A- A- A- A- A- A- A- A- B+ B+ B+ B+ B+ B+ B+ B+ B+ B+ B+ B+ B B B B B B B B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ Luther College Gustavus Adolphus College Grinnell College* Colorado College* cripps College Wellesley College* Mount Holyoke College* Allegheny College Wesleyan University* Barnard College* t. Michael's College College of t. Benedict and t. John's University Lewis & Clark College Trinity College* Vassar College* Presbyterian College Hampshire College Reed College* ckerd College Hope College Haverford College* DePauw University* kidmore College* Randolph-Macon College Hollins University Goshen College Calvin College Wells College Washington and Jefferson College Lafayette College* Coe College University of Puget ound Bowdoin College* Hamilton College* Washington College t. Olaf College* mith College* Whittier College Houghton College Knox College Wofford College Middlebury College* Macalester College* Franklin and Marshall College* Dickinson College* Washington and Lee University* Gettysburg College* Bryn Mawr College* Wittenberg University Randolph College Baker University Transylvania University Concordia College--Moorhead Goucher College College of the Atlantic Hiram College Colgate University* Davidson College* t. Norbert College Russell age College Berry College New College of Florida I core Rankings C C C C C C C C C C C C C C C C C C C C C- C- C- C- C- C- C- C- C- D D D D D D D D D D D- D- D- F F t. Anselm College Muhlenberg College Augustana College warthmore College* Bucknell University* usquehanna University Morehouse College Moravian College McDaniel College Linfield College Bennington College Oberlin College* Kenyon College* Pitzer College* tonehill College Ohio Wesleyan University Fisk University College of the Holy Cross* Bard College* Bates College* Principia College Lycoming College Carleton College* Amherst College* Hampden-ydney College Gordon College Colby College* University of Richmond* Pomona College* William Jewell College Milikin University Lyon College Grove City College mory and Henry College weet Briar College iena College Lake Forest College Doane College Millsaps College Lawrence University Juniata College Centre College* U Naval Academy* Harvey Mudd College* Hillsdale College Austin College Connecticut College* Albion College Whitman College* t. Mary's College of Maryland Hendrix College U Military Academy* Ripon College Wheaton College, Illinois Alma College Westmont College Union College* Bethel College ewanee College* Central College Hanover College Occidental College* 19 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

20 ocial Reporting cores Bard College* t. Michael's College Bucknell University* ckerd College Wells College Williams College* Wit t enberg Universit y Baker University 34.6 t. Olaf College* Whit t ier College Haverf ord College* 3.87 College of t. Benedict and t. John's Universit y 3.87 New College of Florida 3.58 Get t ysburg College* kidmore College* t. Anselm College Wesleyan Universit y* Washingt on and Jef f erson College Davidson College* Presbyt erian College mit h College* Hiram College 27. Reed College* 27.1 Allegheny College DePauw Universit y* Grinnell College* Franklin and Marshall College*.51 Linf ield College.22 Morehouse College Concordia College--Moorhead Colorado College* Hendrix College 24.2 Dickinson College* 24.6 t. Mary's College of Maryland Kenyon College* Calvin College Hampshire College Oberlin College* Universit y of Puget ound 22. Hollins University Lut her College Randolph College Washingt on College Washingt on and Lee Universit y* Moravian College 2.72 Mount Holyoke College* 2.43 Hamilt on College* 2.14 Hampden-ydney College wart hmore College* Muhlenberg College Transylvania Universit y Randolph-Macon College Colgat e Universit y* Amherst College* Gust avus Adolphus College Berry College Furman Universit y* Goshen College Lycoming College McDaniel College Middlebury College* ewanee College* Ohio Wesleyan Universit y Austin College Laf ayet t e College* Bryn Mawr College* Alma College Goucher College Albion College Hope College College of t he Holy Cross* Pomona College* Macalest er College* Hought on College Benningt on College College of t he At lant ic Russell age College William Jewell College Coe College Millsaps College August ana College U Naval Academy* Barnard College* cripps College usquehanna Universit y Lewis & Clark College Lake Forest College Universit y of Richmond* U Military Academy* Wheat on College, Illinois Bat es College* iena College Lawrence Universit y Pit zer College* Wofford College 9.57 Wellesley College* 9.9 Knox College 8.84 Bet hel College 8.7 Carlet on College* 8.7 Connect icut College* 8.7 t. Norbert College 7. Doane College 7. Juniat a College 7. Bowdoin College* 7. Union College* 7. Fisk Univer sit y 6.67 Lyon College 6.67 Whit man College* 6.52 Gordon College 5.8 Hillsdale College 5.8 Hanover College 5.51 mory and Henry College 5.7 t onehill College 5.7 Cent ral College 5.7 Vassar College* 4.35 Ripon College 3.91 weet Briar College 3.62 Cent re College* 2.9 Occident al College* 2.32 West mont College 2.17 Colby College* 2.17 Harvey Mudd College* 2.17 Principia College. Milikin University. Grove Cit y College. Trinit y College*. 5 1 ocial reporting scores are based on the degree to which the company discusses various aspects of its dealings with its employees and contractors. They also include social costs and investments. A+ A A A- A- A- B+ B+ B+ B+ B B B B B B B B B B B B- B- B- B- B- B- B- B- B- B- B- B- B- B- B- C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C+ C C C C C C C C C C C C C C C- C- Bard College* t. Michael's College Bucknell University* ckerd College Wells College Williams College* Wittenberg University Baker University t. Olaf College* Whittier College Haverford College* College of t. Benedict and t. John's University New College of Florida Gettysburg College* kidmore College* t. Anselm College Wesleyan University* Washington and Jefferson College Davidson College* Presbyterian College mith College* Hiram College Reed College* Allegheny College DePauw University* Grinnell College* Franklin and Marshall College* Linfield College Morehouse College Concordia College--Moorhead Colorado College* Hendrix College Dickinson College* t. Mary's College of Maryland Kenyon College* Calvin College Hampshire College Oberlin College* University of Puget ound Hollins University Luther College Randolph College Washington College Washington and Lee University* Moravian College Mount Holyoke College* Hamilton College* Hampden-ydney College warthmore College* Muhlenberg College Transylvania University Randolph-Macon College Colgate University* Amherst College* Gustavus Adolphus College Berry College Furman University* Goshen College Lycoming College McDaniel College Middlebury College* ewanee College* Ohio Wesleyan University R core Rankings C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- C- D D D D D D D D D D D D D D D D- D- D- D- D- D- D- D- D- D- D- F F F F Austin College Lafayette College* Bryn Mawr College* Alma College Goucher College Albion College Hope College College of the Holy Cross* Pomona College* Macalester College* Houghton College Bennington College College of the Atlantic Russell age College William Jewell College Coe College Millsaps College Augustana College U Naval Academy* Barnard College* cripps College usquehanna University Lewis & Clark College Lake Forest College University of Richmond* U Military Academy* Wheaton College, Illinois Bates College* iena College Lawrence University Pitzer College* Wofford College Wellesley College* Knox College Bethel College Carleton College* Connecticut College* t. Norbert College Doane College Juniata College Bowdoin College* Union College* Fisk University Lyon College Whitman College* Gordon College Hillsdale College Hanover College mory and Henry College tonehill College Central College Vassar College* Ripon College weet Briar College Centre College* Occidental College* Westmont College Colby College* Harvey Mudd College* Principia College Milikin University Grove City College Trinity College* 2 ustainability Reporting of Top Liberal Arts Colleges (21*-211)

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