Ethical Investment
Ethical Investment
Ethical Investment Policy
Our ethical investment policy (part of the treasury management policy) sets out our approach to ethical investment, by investing our funds with due consideration for ethical, environmental, corporate governance and social issues. We do not intentionally invest, directly or through collective funds, in fossil fuels companies, arm companies, or corporations complicit in the violation of international law.
Annual list of investments
We list all our current and non-current investments, and endowment reserves in our annual report and financial statements. We have a low-value endowment reserve, which is held invested within the terms of our ethical investment policy. Below is a summary of the investments as of 31 July 2022.
Aberdeen Standard
- Nature of relationship — cash deposit
- Account type — Sterling Liquidity Fund (current)
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Value — £10,000,000
Aberdeen standard Capital Bridge Fund (endowment fund)
- Nature of relationship — equities, bonds, and cash
- Account type — general endowment fund segregated solution (non-current)
- Value — £964,410
Barclays Bank Plc
- Nature of relationship — Principle banker
- Account type — cash (current)
- Value — £7,860,000
Goldman Sachs
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £25,000,000
HSBC
- Nature of relationship — cash deposit
- Account type — ESG Sterling Liquidity Fund (current)
- Value — £15,000,000
Kingswood Wealth Management Group
- Nature of relationship — corporate bonds, cash deposits and cash
- Account type — managed portfolio (current)
- Value — £40,388,149
Lloyds
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £0
Yorkshire Building Society
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £25,000,000
Aberdeen Standard
- Nature of relationship — cash deposit
- Account type — Sterling Liquidity Fund (current)
- Value — £30,000,000
Aberdeen standard Capital Bridge Fund (endowment fund)
- Nature of relationship — equities, bonds, and cash
- Account type — general endowment fund segregated solution (non-current)
- Value — £1,043,715
Barclays Bank Plc
- Nature of relationship — Principle banker
- Account type — cash (current)
- Value — £2,950,000
Goldman Sachs
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £20,000,000
HSBC
- Nature of relationship — cash deposit
- Account type — ESG Sterling Liquidity Fund (current)
- Value — £20,000,000
Kingswood Wealth Management Group
- Nature of relationship — corporate bonds, cash deposits and cash
- Account type — managed portfolio (current)
- Value — £49,868,560
Lloyds
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £17,500,000
Yorkshire Building Society
- Nature of relationship — cash deposit
- Account type — fixed-term deposit (current)
- Value — £15,000,000
Oversight of our investments
Our People, Finance and Resources Committee (PFRC) is responsible for our finance and investment decisions. The group advise on or determine, as appropriate, the strategies and policies for the effective and efficient use of our financial, physical, and human resources.
The ethical investment policy is reviewed annually on behalf of our Board of Governors by the People, Finance and Resources Committee. The latest review was conducted in November 2022 and confirmed that our approach to ethical investment remains unchanged.