The College’s Responsible Investment Policy adopted by Council in October 2020 is recorded in the Investment Policy Statement.
The College Council believes that decarbonisation of the economy represents a social imperative (in the face of global warming caused by greenhouse gases). It has therefore agreed:
• The College will not hold direct investments in the shares or bonds of fossil fuel producers and their suppliers (defined in each case as companies deriving 10% or more of their revenues from fossil fuel production). It does not currently hold any such investments.
• The College will continue to seek opportunities in sustainable businesses, including renewable energy. It already has significant investments of this type.
• The College expects to have no material direct or indirect exposure to investments in fossil fuel producers and suppliers by 2030.
• The College has an ambition to achieve net zero greenhouse gas emissions from its investment portfolio* by 2038.
• The College’s work to reduce the carbon footprint of its own operations will also remain a high priority.
The Investments Committee will review on a regular basis the integration of environmental, social and governance (ESG) considerations into the investment process of each appointed investment manager.
*Note that for the directly held property investment portfolio, a study is being commissioned on the existing carbon footprint to inform a roadmap to net zero – this may be later than 2038