Divestment Policy Archives - SDGs Center https://sdgscenter.unair.ac.id/tag/divestment-policy/ Universitas Airlangga Mon, 04 Nov 2024 06:35:32 +0000 en-US hourly 1 https://sdgscenter.unair.ac.id/wp-content/uploads/2021/10/cropped-Logo-SDGs-UNAIR-Colour-Wheel-with-UNAIR-Branding-32x32.png Divestment Policy Archives - SDGs Center https://sdgscenter.unair.ac.id/tag/divestment-policy/ 32 32 Universitas Airlangga Adopts Divestment Policy to Shift Investments from Carbon Intensive Industries https://sdgscenter.unair.ac.id/universitas-airlangga-adopts-divestment-policy-to-shift-investments-from-carbon-intensive-industries/ Tue, 13 Jun 2023 05:07:38 +0000 https://sdgscenter.unair.ac.id/?p=7198 The post Universitas Airlangga Adopts Divestment Policy to Shift Investments from Carbon Intensive Industries appeared first on SDGs Center.

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In groundbreaking move for sustainability in higher education, Universitas Airlangga (UNAIR) has officially enacted a policy to divest from carbon intensive energy industries, including coal and oil. The commitment, outlined in Policy No. 471/UN3/HM/2022, prioritize divestment from companies associated with high-carbon energy use and promotes investment in environmentally responsible sectors. This policy is part of UNAIR's broader strategy to align its financial practices with its sustainability goals, reflecting its commitment to reducing its carbon footprint and supporting green energy.

Policy Details and Environmental Objectives

According to Policy No. 471/UN3/HM/2022, UNAIR is urged to avoid financial engagement with companies involved in high-carbon industries, such as fossil fuels. Instead, it seeks to reinvest in sectors that champion renewable energy and sustainable practices, aiming to support industries that align with SDGs. This approach places UNAIR at the forefront of sustainable financial management in Indonesian higher education, marking a clear shift towards carbon neutrality and environmental responsibility.

Complementing this, Policy No. 472/UN3/HM/2022 reinforces UNAIR's commitment to sustainable procurement. It requires all suppliers to provide sustainable resources, thereby extending the university's sustainability impact beyond its own investments. By ensuring that procurement practices align with environmental goals, UNAIR establishes a robust framework for reducing indirect emissions linked to its supply chain.

Redirecting Investments to Green Sectors

The policy not only divests carbon-intensive industries but also reallocates funds toward sectors that champion sustainability, such as renewable energy, clean technology, and low-carbon solutions. UNAIR's strategic redirection of investments aligns with its broader environmental goals, providing financial support to industries that contribute to a sustainable future. Through this divestment policy, UNAIR fosters a proactive approach to managing its endowment and financial assets, showcasing its dedication to responsible environmental stewardship.

This policy is a significant milestone in UNAIR's journey toward sustainability and provides a solid foundation for promoting conscious investment practices. As UNAIR continues to build on its divestment strategy, the university is poised to make lasting contributions to a cleaner, greener future.

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