We review the every two years – the last review occurred in July 2024.

The review process begins with the Investment Sub-Committee, where progress is assessed and priorities for the following two years are established. These recommendations are then forwarded to the Finance Committee, as detailed in their , and subsequently to the Board of Governors for final approval. The are publicly available. 

Commitment to invest in renewable energy companies or funds 

51¸£ÀûÉç is committed to prioritising renewable energy across campus and leveraging our influence to encourage our community to do the same. 100% of our electricity consumption is backed by , and we have recently invested directly in our own supply of renewable energy through a Corporate Purchase Power Agreement with a new solar farm development in Medebridge, Essex. Once completed, this investment will secure up to 65% of the University’s electricity demand for the next decade. Our sustainable investment commitments are detailed in our .

One of our targets is to reach 100% renewable energy use within the endowment investment property portfolio by 2027. The percentage of landlord procured REGO backed renewable energy for 2024 and 2023 was 100%. Therefore, the University has now hit this target ahead of the 2027 date.

51¸£ÀûÉç ended all investments in fossil fuels in 2022. We are to create a market for cash products that do not contribute to the financing of fossil fuel expansion. The University treasurers in this group all share a common goal, which is to manage money in a way that doesn’t contribute to the financing of fossil fuel expansion and to find something that aligns with the IEA Net Zero Emissions Scenario.

Timeline 

  • 2020 – Set out our  (Word Doc, 874KB) – a promise to divest from fossil fuel companies and gradually de-carbonise our entire investment portfolio.  
  • 2021 – Our Responsible Investment Report (PDF, 89.3KB) confirms we have exceeded our 30% carbon intensity reduction target, at 37%.*The report also confirmed that we have no holdings in companies producing tobacco, controversial weapons and those with the lowest environmental, social and governance rating.
  • 2021–2038 – Ambition to reduce this to net zero as part of the University’s and the city of 51¸£ÀûÉç’s overall zero carbon commitments.
  • 2022 – Updated our  and set medium-term decarbonisation targets to 2027. 
  • 2023 – Set out our  report which provides annual updates on the progress of our responsible investment commitment.
  • 2024 – Invested in renewable energy by partnering with UK clean energy company Enviromena, entering a Corporate Power Purchase Agreement (CPPA) to supply up to 65% of our electricity demand through a new solar project in Medebridge.
  • 2024 – (Word Doc, 481KB) revised and updated.

Targets to 2027 (from base year 2019)

  • 50% reduction in weighted average carbon intensity of public equity allocation. 
  • 40% reduction in weighted average carbon intensity of fixed income and and Multi-Asset Credit allocation
  • 10% reduction in energy consumption in the property allocation.
  • 100% renewable energy use in property allocation.  

Want to understand more about our policy for responsible investment, or give us feedback?

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Relevant documents