Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations

The report by Scientists for Global Responsibility (SGR) examines the Royal Academy of Engineering's (RAEng) continued financial ties to the fossil fuel industry. It highlights that RAEng lacks a blanket exclusionary investment policy, maintains corporate partnerships with BP and Shell, and accepts funding from the Shell Centenary Scholarship Fund. SGR argues these links contradict RAEng's 2025 goal of building a sustainable society and notes that several peer academic and professional bodies have already divested from fossil fuels.

• The Royal Academy of Engineering (RAEng) explicitly rejects the use of blanket exclusionary policies for its investments, stating that such a strategy is not appropriate for the organization.
• RAEng maintains active corporate partnerships and funding links with fossil fuel companies, specifically BP and Shell, which support education programmes and the Africa Prize for Engineering Innovation via the Shell Centenary Scholarship Fund.
• As of March 31, 2020, RAEng held £44.3 million in investments, but provides limited transparency regarding the specific assets held, listing only broad categories such as the London Stock Exchange and global stock markets.
• While RAEng has introduced an Environmental Sustainability policy and set a 2025 goal to help build a sustainable society, SGR argues these objectives are contradicted by the Academy's financial ties to the fossil fuel sector.
• Several peer organizations have adopted stricter fossil fuel and arms exclusion policies; for example, the Royal Meteorological Society and various medical colleges (such as the British Medical Association) have fully divested or committed to divesting from fossil fuels.

APA

Scientists for Global Responsibility (2022). Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations. https://www.sgr.org.uk/sites/default/files/2022-04/RAEng_progress_on_fossil_fuels_report.pdf

Chicago

Scientists for Global Responsibility. Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations. 2022. https://www.sgr.org.uk/sites/default/files/2022-04/RAEng_progress_on_fossil_fuels_report.pdf.

Wikipedia

{{cite report |author=Scientists for Global Responsibility |title=Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations |date=April 2022 |url=https://www.sgr.org.uk/sites/default/files/2022-04/RAEng_progress_on_fossil_fuels_report.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{scientistsforglobalresponsibility2022royal, author = {{Scientists for Global Responsibility}}, title = {{Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations}}, institution = {Scientists for Global Responsibility}, year = {2022}, month = apr, url = {https://www.sgr.org.uk/sites/default/files/2022-04/RAEng_progress_on_fossil_fuels_report.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }