[8-March-2017 Update]: King's College London is concerned about the dangers of human-induced climate change and has agreed the following points, subject to confirmation by the College Council:
- Divestment is 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.
- 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.