Provide Ethical Investment Advice to Newcastle University

Provide Ethical Investment Advice to Newcastle University

Independent advice on the options available in relation to ethical screening of investments.

Contract summary

Industry

  • Financial consultancy services – 66171000

Location of contract

North East

Value of contract

£35k

Published date

21 August 2019

Closing date

30 August 2019

Contract start date

09 September 2019

Contract end date

04 December 2019

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

 

Description

The University holds a number of expendable and permanent endowments, which are invested as a General Investment Pool. The total value of these funds as at 30th April 2019 was £81.1m. The University’s practice is to tender for investment manager services every four years with the next tenders for equity managers due in 2021 and the next tenders for alternative asset classes due in 2022. However, the University is minded to bring forward the next tender exercise for equities to 2020.

Prior to any tender exercise being undertaken, the University is seeking independent advice on the options available for it in relation to ethical screening of investments and in particular its approach to companies involved in fossil fuel extraction and exploitation.

Currently, the only mandatory screen applied by the University is on tobacco but we are minded to extend this screen to include companies involved in fossil fuel extraction and exploitation. This is in reaction to the University’s recent declaration of a climate emergency, continued staff, student and community activism in this area and previous policy statements by the University.

 

About the buyer

Contact name

Neil Addison

Address

Newcastle University
King’s Gate
Newcastle upon Tyne
NE1 7RU
England

Telephone

+44 1912087472

Email

neil.addison@ncl.ac.uk

 

How to apply

Please apply directly to the buyer using the contact details provided, or follow the instructions given in the notice description or information section.

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