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THE ISSUE

Fossil Free Sussex is part of a wider national Fossil Free campaign led by People and Planet, which aims to pressure universities to remove their investments from the fossil fuel industry (known as divesting). It is motivated by concern about climate change, not only as an environmental issue but also as a social issue with huge consequences for humankind. The basic message is: if it is wrong to wreck the climate, then it is wrong to profit from that wreckage.

Understandably, universities must invest in order to make a financial return and sustain their activities. However, as educational institutions claiming to act in the public good, we believe that these investments should be guided by ethical principles. The University of Sussex has £8 million worth of investments, yet it doesn’t have an ethical investment policy. Some of these investments are managed by external investment managers, which then invest in companies such as BP and Shell in order to make a financial return on University of Sussex’s behalf.

We want the University of Sussex to engage with these investment managers and to tell them to screen fossil fuel companies from the investments made on behalf of the university. We believe there is strong justification for this as the social and environmental consequences of climate change (that fossil fuel companies directly contribute to) clearly contravene charitable objectives, and undermine the University’s claims to being a charitable institution.

CAMPAIGN AIM

We call on the university to immediately reconsider its investment in the fossil fuel industry and to establish an ethical investment policy which negatively screens fossil fuels, as well as other sectors which contravene ethical and environmental standards, ideally giving student and staff representation within this policy and fair input into decision-making.

CAMPAIGN OBJECTIVES

  • The University to establish a publicly available Ethical Investment Policy and ensure that all investments are transparent, accountable and in line with the University’s other ethical and environmental standards.
  • The University to move its money: divest from companies that have breached human rights or threaten the environment, and actively commit to investing in low-carbon assets and renewable energy within the next five years.
  • The University to help build a sustainable future for its students and future generations, by phasing out any sponsorship or funding provided by fossil fuel companies, agreeing not to award honorary degrees to members of the fossil fuel industry, and reconsidering the representation of fossil fuel companies at University careers events.

Fossil Free Sussex have got a public petition which you can sign here.

CONTACT US

Society and Citizenship Officer - Aisling Murray

Email: societycitizenship@sussexstudent.com
Office: Activities Centre, 1st floor, Falmer House

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Fossil Free Sussex news

Fossil Free Sussex celebrate after a positive move from the University

Wed 13 Apr 2016

Students celebrate their campaign successes and the recent approval of a new ‘Socially Responsible Investment Policy’.

 
An open letter to the University of Sussex's working group on ethical investment

Tue 24 Nov 2015

As public figures, staff members and alumni of the University of Sussex, we are proud to support a world-leading institution, renowned for its constructive engagement with social and political issues and its leading profile on sustainability research.

 
 

CAMPAIGN EVENTS