{"id":30230,"date":"2018-05-16T16:45:13","date_gmt":"2018-05-16T15:45:13","guid":{"rendered":"http:\/\/sustainability.glos.ac.uk\/?p=30230"},"modified":"2020-11-09T13:23:11","modified_gmt":"2020-11-09T13:23:11","slug":"university-commits-divest-fossil-fuels","status":"publish","type":"post","link":"https:\/\/sustainability.glos.ac.uk\/university-commits-divest-fossil-fuels\/","title":{"rendered":"University commits to divest from fossil fuels"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.6.3&#8243; custom_padding=&#8221;10px||10px|&#8221; hover_enabled=&#8221;0&#8243; module_id=&#8221;main&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; background_position=&#8221;top_left&#8221; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_post_title author=&#8221;off&#8221; featured_image=&#8221;off&#8221; admin_label=&#8221;University commits to divest from fossil fuels&#8221; _builder_version=&#8221;3.0.87&#8243; text_orientation=&#8221;center&#8221; border_style=&#8221;solid&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243; custom_padding=&#8221;0px||0px|&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;0px||0px|&#8221; column_structure=&#8221;1_2,1_2&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; background_position=&#8221;top_left&#8221; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;add your text&#8221; _builder_version=&#8221;3.27.4&#8243; border_style=&#8221;solid&#8221;]The University has taken the decision to fully divest from fossil fuel extraction companies with immediate effect.\r\n\r\nIt follows a review of the University\u2019s Ethical Investment Policy, concerns of staff and students and a decision to support the Students&#8217; Union campaign to divest from fossil fuels. The University plans to reinvest the sale proceeds in companies that score highly within Environmental, Social, Governance (ESG) assessment. These are the three primary factors in measuring the sustainability and ethical impact of an investment company. This sector will automatically include companies that have a clean energy focus and is an area that the University are already engaged in.\r\n\r\nThe University has a long-standing strategic commitment to sustainability and track record for its performance and innovation in this area. In 2017 the University celebrated its rise to become the second most sustainable university in the UK, as ranked in the People and Planet University League table.\r\n\r\nVicki Hatton, Students&#8217; Union President, said: \u201cAfter a number of years of campaigning and lobbying for the University to commit to divestment, the SU are delighted the University has taken the decision to invest in a fossil free future. The SU has, since 2016, supported the NUS Divest-Invest campaign and we are pleased to see our University moving investments to renewable energy. Our students, staff and community want a sustainable future and we are rightly proud of our institution\u2019s commitments to sustainability.\u201d\r\n\r\nDr Alex Ryan, Director of Sustainability, said: \u201cThis is an important step for our University as we join the vanguard of businesses and investors across the globe and in all sectors, who are moving societies towards cleaner energy through the power of their investment practices. The collective leadership shown by our governing body, senior management and student community has helped to achieve this aim, which underlines our dedication to wider international efforts to address climate change.\u201d\r\n\r\nSee the University\u2019s media release <a href=\"https:\/\/www.glos.ac.uk\/news\/pages\/The-university-commits-to-divest-from-fossil-fuels.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>\r\n\r\n&nbsp;\r[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; background_position=&#8221;top_left&#8221; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sustainability.glos.ac.uk\/wp-content\/uploads\/2018\/05\/Smoking-chimneys.jpg&#8221; alt=&#8221;Changing Communities \u2013 Changing Perceptions&#8221; title_text=&#8221;Changing Communities \u2013 Changing Perceptions&#8221; align_tablet=&#8221;center&#8221; align_last_edited=&#8221;on|desktop&#8221; admin_label=&#8221;add Image&#8221; _builder_version=&#8221;3.23&#8243; border_style=&#8221;solid&#8221; sticky=&#8221;off&#8221; always_center_on_mobile=&#8221;on&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;comments for all blogs&#8221; _builder_version=&#8221;3.0.53&#8243; global_module=&#8221;27037&#8243;][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>The University has taken the decision to fully divest from fossil fuel extraction companies with immediate effect. It follows a review of the University\u2019s Ethical Investment Policy, concerns of staff and students and a decision to support the Students&#8217; Union campaign to divest from fossil fuels. The University plans to reinvest the sale proceeds in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":30233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>University commits to divest from fossil fuels<\/title>\n<meta name=\"description\" content=\"The University has taken the decision to fully divest from fossil fuel extraction companies with IMMEDIATE effect...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sustainability.glos.ac.uk\/university-commits-divest-fossil-fuels\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta 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