University of Nottingham appoints investment firm with strong commitment to sustainability
The University of Nottingham is taking a further step in its commitment to sustainability after appointing investment manager Cazenove Capital to manage its £59.4 million endowment portfolio and £9.5 million medium-term investment fund.
The University of Nottingham is a leading international centre for energy research, with an excellent reputation in a broad range of technologies including bioenergy, energy storage, the built environment and electrical grids. The University has an impressive record of successful collaborations with industry in the UK and through its campuses in China and Malaysia.
The appointment of Cazenove Capital is a key part of the University’s sustainability strategy, it was developed in consultation with staff and students. Cazenove Capital are well-aligned to the university’s strategic goals and are a leader in sustainable investment. They will focus on helping the university divest from unethical areas as well as providing opportunities to make positive investments.
Margaret Monckton, chief financial officer at the University of Nottingham, said:
“We are confident that Cazenove Capital, and the wider Schroders Group, align with our own stance on climate change and ethical investment. We are pleased to see that they have committed to mitigating their carbon emissions from 2020, to 100% renewable energy use by 2025 and to transition their assets under management to Net Zero by 2050.”
Professor John Atherton, pro-vice-chancellor and chair of the University’s Environmental Sustainability Committee, said:
“Our research, education and the way we organise all our campus activity have a well-deserved reputation for supporting a more sustainable planet. We invest in and research greener sources of energy, food supply and construction. Thus, it is only right that our investments reflect this. I’m delighted that we are taking this further step to maximise all opportunities to contribute to carbon reduction, sustainable food, waste management and many other environmental challenges.”
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