USS response to Open Letter call for support on Shareholder Resolution

So USS have refused to support Shareholder Resolution 21 at Shell’s AGM on May 19th. Their response is below. This is of course incredibly disappointing and we will continue to press USS to provide us with a pension that doesn’t rely on carbon intensive investments. We are asking for a meeting with Simon Pilcher ChiefContinue reading “USS response to Open Letter call for support on Shareholder Resolution”

USS, Climate and Shell AGM May 19th 2020 Resolution 21

 Ethics for USS are working with others to support Resolution 21 at the Shell AGM in May. The letter below – signed by 405 USS members – many of them senior academics – from 35 UK institutions has been sent to USS on May 10th. We will publish their response when received. We call uponContinue reading “USS, Climate and Shell AGM May 19th 2020 Resolution 21”

How should USS divest

Some thoughts from members of the Ethics for USS team (Andrew Jarvis, Keith Pitcher, Ceri Sullivan, Paul Kinnersley and Jay Ginn) We need an energy transition, not a cliff Here we are, pension owners with Shell as the primary asset securing our retirements, along with plenty of other high carbon investments in the USS portfolio.Continue reading “How should USS divest”

Meeting with USS Responsible Investment Team

We had an interesting and informative meeting on Jan 16th and the plan is that we should meet again during the early summer. These are the agreed actions: USS will: 1 Review the presentation of risks of ethical investments in newsletters and on the website 2 Send examples of the survey questions used when seekingContinue reading “Meeting with USS Responsible Investment Team”

UK Academic Institutions that have already divested

The team at People and Planet have led a fantastic campaign to persuade UK Universities to divest their own funds from fossil fuels. This list is taken from https://peopleandplanet.org/fossil-free-victories.  If these institutions can divest surely USS can do the same ?? Academic Institutions that have divested or are in the process of divesting from fossil fuels:Continue reading “UK Academic Institutions that have already divested”