Sustainable Finance at Clare Hall with CUEF
As many of you are likely aware, Clare Hall committed to divesting from fossil fuels in 2019 and has since established itself as a leader among Cambridge colleges in the space of sustainable finance.
When we passed a resolution to divest in 2019, we were particularly concerned by the inaction of the Cambridge University Endowment Fund (CUEF) in response to the climate crisis, where the majority of our college endowment is invested. Yet I’m happy to share that in the years since 2019, CUEF have completely revamped their approach to sustainable finance under new leadership and have adopted net zero investment targets aligned with (and in some cases going beyond) those set out in our 2019 resolution.
As we approach our 2024 deadline of divesting, five years following our 2019 resolution, we’ll need to decide whether to remain in our current investment position with the majority of Clare Hall’s endowment managed by CUEF, or whether to seek investment elsewhere.
In light of this forthcoming decision, we’ve invited Tilly Franklin, CEO and CIO of CUEF, and Joel Beckman, Communications Lead of CUEF, to host an open dialogue with the Clare Hall community on Monday 19 June @ 12:30 in the College Meeting Room. The session will begin with a brief presentation by Tilly and Joel on the role of CUEF and its commitment to sustainable finance and will thereafter provide plenty of time for Q&A until 13:30.
To get a rough idea of numbers, we ask those interested in attending the dialogue to fill this 2-question Google Form, though we will not formally require RSVPs if you decide to join on the day.
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