A coalition of 78 UK higher education institutions, led by the University of Cambridge, has selected Amundi to create an innovative known fossil-fuel free cash fund. 

The nearly £500 million quasi-money market fund will enable participating universities and institutions to invest short-term cash without supporting companies that contribute to fossil fuel expansion.

Driving Climate Action

The fund excludes financial institutions that finance new fossil fuel infrastructure, to allow investors a path to align with their climate commitments and responsible investment principles. It aims to employ a research-based methodology consistent with the soon-to-be-launched Bloomberg Cambridge Corporate Bond Index, which filters out companies involved in fossil fuel growth.

The fund will play a role in driving practical climate action and fostering cross-sector collaboration.

The fund is expected to appeal to a broad range of investors with substantial cash to invest and are committed to doing so responsibly. 

2025.09.23 - News -UK university coalition choose Amundi to create first fossil-free cash fund

Responsible Investment Partnership

The partnership highlights Amundi’s commitment to responsible investment and its ability to deliver bespoke, sustainable investment solutions that can deliver stable, long-term value and support the transition to an inclusive, low-carbon economy.

The fund is expected to launch by the end of 2025, with additional seed investors anticipated.

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