Purchasing and Investments
NTU acknowledges that its purchasing activities have a significant impact on the local environment, society and the economy. As a member of the higher education sector, the University also accepts it has a global impact on sustainability and recognises it has a responsibility to reduce those impacts.
The University is committed to taking a sustainable approach to its purchasing activity. The University's Executive Team endorsed the University's Sustainable Procurement Policy Statement in 2017, which outlines how we aim to embed sustainability into our purchasing activity.
The Procurement Team will be providing further guidance, tool kits and useful web links so that staff can give due consideration to the sustainable impacts of their purchasing activity when making purchasing decisions.
Nottingham Trent University has signed up as a member of SEDEX, a global collaborative platform for sharing responsible sourcing data on supply chains and to drive continuous improvement across their value chains. We are the first university that signed up. NTU is also affiliated to Electronics Watch, helping to reform our electronics supply chain.
NTU recognises its responsibility to operate in an ethical manner and take account of social, environmental and ethical considerations in all activities, including financial investment. Our Treasury Management Policy includes a section on Ethical Investment and states that "the University will consider ethical implications of investments alongside commercial opportunities".
In April 2019, NTU signed the Fossil Fuel Declaration, affirming that NTU holds no investments in extractor fossil fuel companies, and it will never invest in these companies.
NTU's investments and investment policy are reviewed at least annually by the Finance Committee and approved by the Board of Governors. Implementation and progress towards Ethical Investment Policy objectives are evaluated at least annually at the Strategy, Policy, Finance and Resources Committee. View an extract of the minutes of the Strategy, Policy, Finance and Resources Committee meeting.
Stakeholders have the opportunity of expressing their views and concerns about the investments NTU hold to the Finance Committee by emailing the Sustainable Development Team.