The Institution of Chemical Engineers

The report by Scientists for Global Responsibility (SGR) examines the Institution of Chemical Engineers (IChemE), noting that while the organization has committed to net zero operations by 2025 and alignment with climate goals, it maintains 'gold corporate partners' including BP, ExxonMobil, and Shell. SGR criticizes IChemE for a lack of transparency regarding its £6.09m investment portfolio and urges the institution to divest from fossil fuel companies to align with the 1.5°C warming limit and avoid financial and reputational risks.

• IChemE maintains significant financial relationships with major fossil fuel companies, listing BP, ExxonMobil, and Shell as "gold corporate partners". Additionally, ExxonMobil sponsored the 2020 Global Awards, and BP and ExxonMobil sponsored the awards in 2018 and 2019. The organization's Malaysia award was also previously sponsored by the oil and gas company Petronas.
• As of December 2020, IChemE held £6.09m in financial asset investments managed by Ruffers LLP and Rathbones Investment Management. SGR argues that IChemE lacks transparency because it does not disclose the specific funds used, making it impossible to determine if the portfolio includes fossil fuel companies.
• IChemE has established several climate-related commitments, including a goal to achieve net zero carbon emissions from its direct global operations by 2025. The organization also aims to create investment criteria aligned with climate goals and to align its awards programmes to reward progress toward the UN SDGs and a zero-carbon economy.
• SGR urges IChemE to divest from fossil fuel companies, arguing that such companies do not align with the 1.5°C warming limit and that divestment increases the cost of capital for the fossil fuel industry, thereby reducing the exploration of new resources.

APA

Scientists for Global Responsibility (n.d.). The Institution of Chemical Engineers. https://www.sgr.org.uk/sites/default/files/2022-03/Institution_of_Chemical_Engineers_Report.pdf

Chicago

Scientists for Global Responsibility. The Institution of Chemical Engineers. n.d. https://www.sgr.org.uk/sites/default/files/2022-03/Institution_of_Chemical_Engineers_Report.pdf.

Wikipedia

{{cite report |author=Scientists for Global Responsibility |title=The Institution of Chemical Engineers |url=https://www.sgr.org.uk/sites/default/files/2022-03/Institution_of_Chemical_Engineers_Report.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{scientistsforglobalresponsibilityndinstitution, author = {{Scientists for Global Responsibility}}, title = {{The Institution of Chemical Engineers}}, institution = {Scientists for Global Responsibility}, url = {https://www.sgr.org.uk/sites/default/files/2022-03/Institution_of_Chemical_Engineers_Report.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }