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University of Cambridge

Climate love

Cambridge University reportedly could drop Barclays in favour of greener bank

Cambridge University could cut ties with Barclays after more than 200 years over the bank’s refusal to stop financing new oil and gas projects, according to the Financial Times. It reported that Cambridge is looking for an institution with robust climate policies to manage “several hundred million pounds” in cash and money market funds – a mandate expected to cover more than £200m in assets and generate about £10m in fees a year. https://getsnap.link/EbJYqtobKbu

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  • Rotich Kim

    17 w

    Bold decisions we are hopefully that tfe university will keep this promise for the seek of our environment

    3
    • Sarah Chabane

      17 w

      Great decision, let's hope they take this step

      1
      • Kevin

        17 w

        Financial institutions that are lagging behind in the green shift should really be made to feel the repercussions of it

        2
        • We Don't Have Time

          17 w

          Dear CHRIS NGATIA Your climate love has received over 50 agrees! We have reached out to University of Cambridge by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

          2
          • Rukia Ahmed Abdi

            17 w

            Cambridge University's potential decision to sever ties with Barclays, a relationship spanning over 200 years, signals a growing trend of institutions prioritizing environmentally responsible practices. The reported consideration reflects the university's commitment to addressing climate change by seeking a financial partner with robust climate policies. The move underscores the increasing importance of aligning financial decisions with sustainability goals, showcasing the potential impact of divestment on fostering greener practices within the banking sector. If implemented, this decision could set a notable precedent for other institutions weighing their financial partnerships against climate-related criteria.

            3
            • rosebellendiritu

              17 w

              Cut ties with companies that are not ready to abandon fossils for green energy and invest in the one that are walking the talk in transition.

              6
              • Johannes Luiga

                17 w

                Financial choices to go green is very climate smart

                3
                • George Kariuki

                  17 w

                  This showcases a growing shift in priorities towards sustainable investments, prioritizing environmental considerations alongside financial returns.

                  3
                  • Elizabeth Gathigia

                    17 w

                    That's a bold move to chose to do the right thing

                    4
                    • Princess

                      17 w

                      This is a potential shift towards more environmentally conscious financial choices.

                      12
                      • johnte ndeto

                        17 w

                        A great move by Cambridge university towards greener future

                        6
                        • walter lungayi

                          17 w

                          It's great to see institutions like Cambridge University considering more environmentally friendly banking options. It sets a positive example for others to follow.

                          5
                          • Gorffly mokua

                            17 w

                            This will be wonderful! 👏💚

                            11
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