Microsoft Word - IET letter on fossil fuels SGR.docx

Scientists for Global Responsibility (SGR) has called on the Institution of Engineering and Technology (IET) to phase out financial ties to fossil fuel companies, specifically those not aligned with the Paris Agreement's 2°C goal. While acknowledging the IET's commitment to net-zero operations within ten years, SGR highlights ongoing concerns regarding the IET's investments in oil sands and thermal coal, a lack of transparency in corporate payments, and the absence of a formal environmental policy. SGR recommends that the IET adopt fossil fuel-free indexes, report the carbon footprint of its investment portfolio, and align its practices with other professional bodies that have already divested from fossil fuels and arms.

• SGR identifies several failures in the Institution of Engineering and Technology's (IET) current climate governance, including continued financial links to high-emission fossil fuels like thermal coal and oil sands, a lack of transparency regarding specific company investments, and the absence of an environmental policy.
• SGR demands that the IET implement a series of reforms, including disclosing corporate payments over £1,000 and investments over £5,000, phasing out ties to companies not aligned with the Paris Agreement's 2°C goal, and redirecting investments toward renewable energy, energy storage, and energy conservation.
• The document notes that several other professional and medical bodies have already divested from fossil fuels and arms, including the British Medical Association (which began in 2014), the British Psychological Society, and the Royal College of Physicians.
• SGR highlights that other engineering and scientific societies have tightened their policies, such as the Geological Society and the Institute of Materials, Minerals and Mining (IOM3), which have excluded investments in the most carbon-emitting fossil fuels like tar sands and thermal coal.

APA

Scientists for Global Responsibility (2022). Microsoft Word - IET letter on fossil fuels SGR.docx. https://www.sgr.org.uk/sites/default/files/2022-06/IET%20letter%20on%20fossil%20fuels%20SGR.pdf

Chicago

Scientists for Global Responsibility. Microsoft Word - IET letter on fossil fuels SGR.docx. 2022. https://www.sgr.org.uk/sites/default/files/2022-06/IET%20letter%20on%20fossil%20fuels%20SGR.pdf.

Wikipedia

{{cite press release |author=Scientists for Global Responsibility |title=Microsoft Word - IET letter on fossil fuels SGR.docx |date=25 March 2022 |url=https://www.sgr.org.uk/sites/default/files/2022-06/IET%20letter%20on%20fossil%20fuels%20SGR.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{scientistsforglobalresponsibility2022microsoft, author = {{Scientists for Global Responsibility}}, title = {{Microsoft Word - IET letter on fossil fuels SGR.docx}}, publisher = {Scientists for Global Responsibility}, year = {2022}, month = mar, url = {https://www.sgr.org.uk/sites/default/files/2022-06/IET%20letter%20on%20fossil%20fuels%20SGR.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }