Agreement between King's management and King's College Climate Emergency
Posted on 09/03/2017
King’s College London, KC Climate Emergency (KCCE) and the Students’ Union have reached agreement on the issues below, bringing to an end the current KCCE direct action campaign to divest from fossil fuels.
Agreement between King’s College London management and King's College Climate Emergency
8 March 2017
King's College London, KC Climate Emergency and the Students' Union share a concern about the dangers of human-induced climate change and have agreed the following points, subject to confirmation by the College Council:
- King’s College London students continue to demonstrate their commitment to creating a better world, and the following is an important addition to the previous commitments the College has developed on the vitally important issue of climate change.
- We are agreed that divestment is just one aspect of dealing with the imperative urgently to reduce greenhouse gas emissions and so this agreement involves several interlocking measures to advance this aim.
- As a university which wants to make a difference, we will pump-prime new research to underpin this ‘carbon free’ delivery, focused on creating the necessary cultural, behavioural and social changes in society, to close the gap between the concern of our students and those of society more generally. We agree this is a necessary but under-explored area of research.
- We agree that King’s College London will have divested from all fossil fuels by the end of the year 2022, subject to there being no significant impact upon the financial risk and returns used to support academic activities.
- King’s will be ‘carbon free’ by 2025, by which time the net emissions from our use of fossil fuels will be zero. The aim will be to be ‘carbon free’ before 2025, but this is dependent upon having options without significant financial impact.
- King’s will increase its commitment to investments with socially responsible benefits from the present aim of 15% to an aspiration of at least 40% by 2025, subject to there being no significant impact upon the financial risks and returns.
- Regular progress towards delivering these targets will be made, including a formal annual report on progress. The College and the Students' Union are jointly responsible for upholding the agreed points in this document.