"Why the Guardian Media Group is getting out of fossil fuels", 2 Apr 2015

The corporate world is increasingly waking up to its responsibilities when it comes to investments in fossil fuels or other industries threatening the environment. Guardian Media Group is no exception. The board, which I chair, recently signed up to the UN-backed Principles for Responsible Investment initiative...This week it has taken a bold decision to go further: to step up engagement with fund managers on critical topics, including climate change; to increase our exposure to environmental, social and governance (ESG) managers; and, in the medium term, to divest from fossil fuels. These initiatives will ensure that the company behind the Guardian, the Observer and theguardian.com will adopt investment policies that formally recognise the importance of ESG factors in improving overall sustainability.