The University has made a commitment to environmental sustainability through the implementation of its Ethical Investment Policy and is currently engaging on a revision of its investment portfolio to ensure funds are fully divested, favouring investments with institutions that identify with our five positive ethical assessment criteria:
- responsible employment practices
- best corporate governance practice
- conscientiousness with regard to human and animal rights
- sustainable environmental practice
- sensitivity towards the communities in which business operates
How do we divest our surplus funds?
The Ethical Investment Policy governs how the University invests its surplus funds, including how it ensures that investments are diversified, financially safe, ethical and compliment the University's values.
To date the University has divested £5million into the Nationwide Building Society which is recognised as a green, ethical fund by the EIRIS Foundation (Ethical Investment Research and Information Service). The divested funds include all University of Winchester endowment funds. The University continues to review its treasury management, in light of the Ethical Investment Policy, as funds on long term deposits mature for reinvestment.
We have signed People and Planet's Fossil Free declaration and made a full divestment commitment. We have no investments in fossil fuels and receive no research funding from the fossil fuel industry.
Recent discussions on amendments to the Treasury Management Policy and future investment options and are detailed in the excerpt from the Finance and Audit Committee meeting minutes, linked below.
Further details about our Finances can be found on our Winchester Facts and Figures.
The University gained Fairtrade University status in 2007 and accreditation by the Living Wage Foundation in 2015 as a Living Wage employer.
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