St Catharine’s – Cambridge Divest

Divested?

Not completely.

Catz has an ethical investment policy which largely excludes direct and indirect investments in arms. However, Catz holds investments in the University’s Endowment Fund which has not divested, and its other funds require further research.

FOI Request

Successful.

Provided a full list of holdings:

A list of holdings provided by St Catharine's College in response to a freedom of information request.St Catharine's College Holdings Report at 4/7/2025 STRIPE 20 43,167 STRIPE 21 45,742 STRIPE 28 77,254 SELECT TECHNOLOGY 150,764 CAMBRIDGE UNI FEEDER FUND 168,064 PROPERTIES INCOME TRUST FOR CHARITIES 1,915,030 L&G-FUTURE WORLD INFRASTRUCTURE FUND 3,517,796 CHARITIES PROPERTY FUND 4,035,149 L&G-EMERGING MARKETS GOVERNMENT BOND FUND (LOCAL CURRENCY) 4,451,751 L&G-EMERGING MARKETS GOVERNMENT BOND FUND (USD) 4,543,349 L&G-EMERGING MARKETS INDEX FUND 6,412,647 CAMBRIDGE UNI ENDOWMENT FUND 27,688,624 L&G-FUTURE WORLD ESG DEVELOPED INDEX FUND 28,042,707 CCLA CHARITY ETHICAL FUND 61,363,361 68 TRUMPINGTON ST, CAMBRIDGE 248,000 4 SILVER STREET, CAMBRIDGE 253,000 70 TRUMPINGTON STREET, CAMBRIDGE 267,000 69 TRUMPINGTON STREET, CAMBRIDGE 348,000 LAND HISTON-DG, CAMBRIDGE 375,000 71-72 TRUMPINGTON STREET, CAMBRIDGE 413,000 8 WELLINGTON ST, CAMBRIDGE 499,000 ROAD FARM WENDY, NR CAMBRIDGE 1,820,000

Investment Policy

St Catharine’s ethical investment policy:

“It is the College’s policy to take account of ethical and other issues of social responsibility and the values of the Collegiate University when taking investment decisions. This includes consideration of the theory of universal ownership when working to address climate change as one of the biggest challenges humanity has ever faced and targeting net zero for St Catharine’s College by 2040.”

“The College does not and will not hold any direct investments in fossil fuel, arms, tobacco, child labour or gambling industries.”

“Currently the College only holds indirect investments primarily through funds managed by CCLA Investment Management and Legal & General Investment Management (LGIM).”

“CCLA’s COIF Charities Ethical Investment Fund is managed in accordance with an ethical investment policy…: no investment in unconventional weapons, electrical utilities that are not aligned with the Paris Agreement, and any companies primarily focussed on oil sands/coal extraction, fossil fuel extraction, armaments, tobacco, alcohol, adult entertainment, and gambling.”

“The majority of the equity holding managed by LGIM is in the Future World ESG Developed Index Fund which excludes unconventional weapons, armaments, coal, tobacco and perennial offenders of the UN Global Compact… The fund seeks to reduce carbon emissions and carbon reserves intensity and at October 2020 it had 66% lower carbon reserves intensity and 45% lower carbon emissions intensity compared to a fund tracking the unadjusted benchmark.”