The University of Cambridge has blacklisted investments in coal and tar sands companies.
In a statement, the institution said it has “no exposure to the most pollutive industries such as thermal coal and tar sands” and “no expectations of having any such exposure in the future”.
Its report adds it aims to encourage its fund managers to consider climate change risks when making investment decisions.
A University spokesperson said: “This report is the result of an in-depth analysis of the University’s investments, which was achieved with the full participation of student officers, alumni and stakeholders. It shows not only the depth of our current commitment to ethical concerns but also our efforts to strengthen it going forward.
“The University also has negligible exposure to other fossil fuel industries and expects this to continue in the future.”