The University will divest of fossil fuel assets by 2025 as part of its net zero emissions goal. Justine (JJ) Jarvinen, CEO Energy Institute, UNSW Faculty of Engineering, Professor Ian Jacobs, President and Vice-Chancellor UNSW Sydney, Scientia Professor Matthew England, Deputy Director UNSW Climate Change Research Centre UNSW Sydney will add to its credentials as a world-leader on climate science, renewable energy and sustainability by moving away from investment in fossil fuels. The University will divest from direct ownership and any commingled funds that include public equities and corporate bonds of companies whose primary business is the ownership and exploitation of fossil fuels reserves by 2025. President and Vice-Chancellor, Professor Ian Jacobs, said UNSW’s divestment of fossil fuel assets in its investment portfolio supports its net zero emissions goal, in line with the Paris Agreement commitment to limit global warming to 1.5°C. “UNSW has a proud history of being at the forefront of climate science and renewable energy and there is a clear expectation from our community that we forge a leadership role on climate change,” Professor Jacobs said. “Our divestment decision is a clear statement of UNSW’s responsible investment intent and the continuation of our long and impressive […]
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