Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Universities under pressure to cut ties with fossil fuel-linked banks

Campaigners urge universities and student unions to go beyond fossil fuel divestment policies and consider their relations with lenders
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Universities under pressure to cut ties with fossil fuel-linked banksImage: Reuters/Mark Blinch

Universities’ commitment to divest from fossil fuels is being undermined by the other financial relationships and broader ties they maintain with fossil fuel-linked banks, climate activists and student campaigners claim in a growing series of protests. 

After faith-based organisations (35.4 per cent), universities are the second biggest group (16.4 per cent) to fully or partially divest from fossil fuels, with more than 260 educational institutions globally making such a commitment, according to the Global Fossil Fuels Divestments Database, which tracks divestment pledges from more than 1600 organisations in sectors such as education, philanthropy, health, pension funds, governments and non-profits.  

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Anita Hawser is the Europe editor at The Banker. For the past 20 years, Anita has worked as a freelance journalist for a range of banking, finance and tech titles covering topics such as cybersecurity, financial crime, cryptocurrencies, payments, trade and supply chain finance. Before joining The Banker, Anita was Europe editor at Global Finance.
Read more articles from this author