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Board approves updates to Policy for Responsible Investment

27 Oct 2022

New carbon reduction targets to 2027

Policy for Responsible Investment

The Board of Governors has approved an updated Policy for Responsible Investment.

This Policy governs how our University’s endowment funds are invested, and since 2020, excludes investment in fossil fuel companies and commits our University to reducing the carbon intensity of its investments in other sectors. In addition, the University has no holdings in companies producing tobacco, controversial weapons and those with the lowest environmental, social and governance rating.

Carbon intensity (the amount of carbon produced by companies we invest in compared to the value of sales they generate) has decreased by 37% up to December 2021 but the targets in the original policy run out at the end of 2022. The new policy sets targets from 2023-2027, with the ultimate objective of net zero-carbon by 2038.

  • The full policy and updated targets are now online.