iom3_letter_from_sgr-1b5a1d924fc2bfba.pdf

SGR acknowledges IOM3's move to a fund excluding arms and high-carbon fossil fuels but argues that the Institute maintains insufficient transparency and continuing financial links to the fossil fuel sector. The letter demands a rapid phase-out of all ties to companies not aligned with the Paris Agreement's 2°C goal, the adoption of a formal responsible investment policy, and the reporting of the investment portfolio's carbon footprint.

• SGR acknowledges that IOM3 has transferred its investments to a fund that excludes arms companies and those involved in high-carbon emissions fossil fuel production.
• Despite some progress, SGR identifies four primary areas of concern regarding IOM3's record: ongoing financial ties to fossil fuel companies via sponsorship and investments, the absence of an explicit ethical investment policy for the future, a lack of detailed commitments in its sustainability policy, and a lack of transparency regarding specific company holdings within its investment fund.
• SGR calls on IOM3 to implement several specific reforms, including disclosing corporate payments over £1,000 for sponsorship and education 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.
• SGR notes that other professional bodies have already taken stronger stances on divestment; specifically, the British Medical Association, British Psychological Society, Royal College of Physicians, Royal College of General Practitioners, Faculty of Public Health, Royal College of Emergency Medicine, and Royal College of Paediatrics and Child Health have either fully divested from fossil fuels or committed to doing so.

APA

Scientists for Global Responsibility (2021). iom3_letter_from_sgr-1b5a1d924fc2bfba.pdf. https://www.sgr.org.uk/sites/default/files/2021-07/IOM3_letter_from_SGR.pdf

Chicago

Scientists for Global Responsibility. iom3_letter_from_sgr-1b5a1d924fc2bfba.pdf. 2021. https://www.sgr.org.uk/sites/default/files/2021-07/IOM3_letter_from_SGR.pdf.

Wikipedia

{{cite press release |author=Scientists for Global Responsibility |title=iom3_letter_from_sgr-1b5a1d924fc2bfba.pdf |date=9 June 2021 |url=https://www.sgr.org.uk/sites/default/files/2021-07/IOM3_letter_from_SGR.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{scientistsforglobalresponsibility2021iom3letterfromsgr1b5a1d924fc2bfbapdf, author = {{Scientists for Global Responsibility}}, title = {{iom3\_letter\_from\_sgr-1b5a1d924fc2bfba.pdf}}, publisher = {Scientists for Global Responsibility}, year = {2021}, month = jun, url = {https://www.sgr.org.uk/sites/default/files/2021-07/IOM3_letter_from_SGR.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }