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Ethical investment

Sustainability is a key priority for DMU and this extends to how it invests its funds. To ensure that its investments match those of its corporate priorities, including sustainability, the University has developed Environmental, Social and Governance (ESG) investment principles.

These ESG Principles are an element of the University’s Investment Policy which is reviewed on an annual basis by the University Finance and Performance Committee, a committee of the Board of Governors.

Within the university’s investment policy, is a section entitled Environmental, Social and Governance (ESG) principle. It is here that De Montfort University outlines its responsibility to the environment and the need to act with integrity with investment decisions.

The DMU Investment Policy can be accessed here.

Investment Committee Members

A list of committee members that oversee DMU investments can be found under the ‘Finance and Performance Committee’ of the following link:

Sub-committees of the board (dmu.ac.uk)

Governors who overview and approve investment decisions made by the ‘Finance and Performance Committee’ can be access by clicking here.

Minutes of board meeting can be access on Board meetings and papers (dmu.ac.uk).


Student Representation

The Finance and Performance Committee has responsibility for approving the DMU Investment policy, this is a delegated responsibility from the Board of Governors.  The Board of Governors has a Student Governor present to represent the views of the student body, and the establishment of the Investment Policy was presented and agreed by the Board of Governors including support from the Student Governor.


Screening out Fossil Fuel Company’s and Arms Companies

Achieving net zero emissions means removing as many emissions as we produce. It also means the university needs to set highly ambitious targets to screen out specific sectors, the university has therefore set out a commitment to divest from any investment in fossil fuel extraction by 2023. A commitment made in the Sustainability Report 2018/2019  (page 42) and also on Carbon Management webpage.

Arms Companies are screened out from investments, as outlined in section 9.2 in the DMU Investment Policy:

“The university believes that, when investing its funds, a high priority must be placed on

promoting good standards of environmental, social, and governance (‘ESG’) behaviour.

Accordingly, it expects its appointed investment manager, when making investment decisions, to consider the following areas (this list should not be considered as exhaustive);

  • Protection of the global environment, its climate and its biodiversity including the reduction and future elimination of fossil fuel exploration and production;
  • Promotion of human rights, including but not limited to the equality of gender, race and sexuality;
  • Promotion of good business ethics and good employment practices;

 In recognition of conflict with its objectives and these wider principles, the university will not invest directly or indirectly in producers of high impact fossil fuels (thermal coal, oil sands, shale oil and shale gas) and manufacturers of civilian firearms, controversial and nuclear weapons and will not invest directly and reasonably minimise indirect investments in;

  • tobacco manufacturers;
  • adult entertainment;
  • alcohol; and
  • gambling

 Any comments or suggestions regarding the University’s Ethical Investment Policy or how investments are made should be communicated to Karl Letten, Sustainability Manager for DMU (kletten@dmu.ac.uk).

 

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