Purpose: Amar Telidji University of Laghouat is committed to sustainability. To align with this commitment, we have decided to divest from carbon-heavy energy sectors, particularly coal and oil, to reduce our environmental impact and encourage a transition toward a low-carbon future.
Goals:
- Move Away from Fossil Fuels: Phase out investments in companies primarily involved in coal, oil, and other carbon-intensive energy sources.
- Support Sustainable Investments: Redirect funds toward renewable energy and clean technology to reinforce our commitment to sustainability.
- Align Investments with University Values: Ensure our financial decisions reflect our dedication to a sustainable and ethical future.
- Divestment Process
- Exit investments in companies whose main revenue stems from fossil fuels, particularly coal and oil.
- Set a clear timeline and strategy for responsible divestment.
- Reinvestment in Sustainable Sectors
- Actively seek investments in renewable energy, clean technology, and sustainable infrastructure.
- Prioritize options that align with social and environmental responsibility.
- Ongoing Review and Screening
- Apply carbon-risk screening for all new investments to maintain alignment with low-carbon principles.
- Regularly evaluate our portfolio for adherence to this divestment commitment.
- Transparency and Communication
- Report annually on progress, including the status of divestment and new sustainable investments.
- Keep the university community informed on key milestones and updates.
- Education and Advocacy
- Engage our community through educational programs on sustainable finance and the impact of fossil fuel divestment.
- Foster awareness about responsible investment choices.
- University Investment Committee: Manages and oversees the divestment process and ensures compliance.
- Finance Department: Executes the divestment plan and makes portfolio adjustments as needed.
- University Leadership: Provides direction, support, and necessary resources.