University’s announcement in line with its commitment to sustainable and ethical investments.
City, University of London has announced its divestment from fossil fuel producers.
City has made the decision to divest its remaining direct holdings in fossil fuel producers in line with its commitment to sustainable and ethical investments and working closely and in partnership with City’s Students’ Union.
The University’s third-party fund manager will divest from, and no longer directly invest in, fossil fuel producers but will rather focus on developing green energy technologies. City will continue to work together with the Students’ Union on exploring future investment options that will help refine its approach to sustainable investment.
City’s President, Professor Sir Anthony Finkelstein, said:
President of City’s Students’ Union, Gesmina Tsourrai, said:
City is actively working to reduce its environmental impact and play a part in responding to the global climate challenge. City has committed to reaching net zero carbon dioxide emissions by 2040. All of our electricity comes from renewable energy sources and since 2005/06 we have reduced our carbon emissions by 53 per cent.
City published its third annual Global Goals Report in April. The report presents case studies about how City is responding to the 17 United Nations Sustainable Development Goals (SDGs) and highlights five key themes: research, education, engagement, campus and governance.
City believes in social and environmental sustainability and strives towards improving the future for the next generation of environmental leaders. We run a diverse programme of engagement opportunities for students and staff and work closely with the Students’ Union to deliver training, events and activities. As the founders of the London Student Sustainability Conference, we showcase the best new student research and academic projects in the field of sustainable development.
City’s Sustainable Investment Statement is available to view here.