Climate review of UCL Investments
Tom Barringer made this Freedom of Information request to University College London
This request has been closed to new correspondence. Contact us if you think it should be reopened.
Dear University College London,
In your public document "Change Possible: the strategy for a sustainable UCL", which I accessed here, you committed to "review our portfolio of investments and prioritise investments in funds which have a positive climatic impact." This action, to review UCL's portfolio of investments, was apparently planned for the year 2020. Since I am not able to find this review of UCL's investments online, I assume it was an internal review.
I would like to request any internal communication within UCL in 2020 about any attempt to review the climatic impact of UCL's portfolio of investments. I would also like to request the review itself, if it exists.
(If I am wrong, and this review has been published online, I would be grateful if you would point me in its direction.)
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Thank you for your Freedom of Information request of 9^th July 2021.
We have completed the compilation of information in response to your
request for information about UCL’s review of the climatic impact of its
portfolio of investments.
We can confirm that we do hold information of the description specified in
your request and this information is provided below.
o UCL’s strategy was approved by the UCL Council in July 2019. By the
launch of the strategy in October 2019, UCL had already undertaken a
review of its investment portfolio and took the decision to divest
from fossil fuels. More information can be found he UCL website here:
UCL has since made its investments public:
UCL continues to review its portfolio to ensure alignment with its Policy
for Socially Responsible Investment:
UCL’s fund manager are required to report on ethical investment in their
routine (quarterly) valuation reports; and further opportunities to review
UCL’s investment policies are being explored.
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Thanks very much! This answers my request.
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