Navoi State University
Policy on Divestment from Carbon-Intensive Energy Industries
(SDG 7)
Navoi State University Policy on Divestment from Carbon-Intensive Energy Industries (SDG 7)
1. Introduction
Navoi State University (NSU) acknowledges its pivotal role in promoting sustainability and climate responsibility. The University recognizes that investment choices have long-term environmental implications and therefore commits to divesting from carbon-intensive industries such as coal, oil, and gas. This policy formalizes NSU’s transition toward ethical, transparent, and sustainable finance practices consistent with the principles of SDG 7 – Affordable and Clean Energy, and SDG 13 – Climate Action.
2. Purpose
This policy defines the framework, commitments, and operational mechanisms that guide NSU’s financial divestment from carbon-intensive industries and reinvestment in renewable and low-carbon sectors. It aims to ensure that the University’s financial strategies align with Uzbekistan’s Green Economy Strategy (2023–2030), the Paris Climate Agreement, and the United Nations Sustainable Development Goals.
3. Guiding Principles
Principle | Description |
Sustainability | All financial actions promote environmental protection and social responsibility. |
Ethical Responsibility | Investments must contribute positively to society and avoid environmental harm. |
Transparency | All investment data and divestment progress will be publicly disclosed. |
Accountability | Financial leaders are accountable for ethical compliance. |
Innovation | Investment in research and technologies that enable renewable transitions. |
Leadership | Position NSU as a model institution in sustainable finance in Uzbekistan. |
4. Strategic Objectives
The policy is structured around four strategic pillars:
Divestment – Cease all new investments in fossil fuel extraction and production by 2026.
Reinvestment – Redirect resources toward renewable energy infrastructure and sustainable enterprises.
Education – Integrate sustainable finance principles across curricula and research activities.
Advocacy – Lead by example in promoting ethical investment in Uzbekistan’s higher education sector.
5. Implementation Framework
Department | Responsibilities | Timeline |
Finance Department | Conduct audits and manage divestment schedule. | 2025–2028 |
Sustainability Office | Monitor progress, publish annual reports. | Ongoing |
Investment Committee | Approve reinvestment plans and ensure ESG compliance. | 2025–2030 |
Academic Departments | Integrate sustainability education and research. | Ongoing |
Procurement Office | Ensure green purchasing standards. | 2025–2027 |
6. Monitoring and Evaluation
Indicator | Target | Frequency | Responsible Unit |
% of investments divested | 100% by 2030 | Annual | Finance Department |
Funds reinvested in renewable sectors | ≥ 50% of portfolio | Annual | Investment Committee |
Public sustainability report | Released annually | Yearly | Sustainability Office |
New green courses developed | 2 per academic cycle | Biennial | Academic Council |
7. Risk and Compliance Matrix
Risk Type | Mitigation Strategy | Responsible Office |
Financial Risk | Gradual divestment to avoid market volatility. | Finance Department |
Reputational Risk | Transparent communication with stakeholders. | Rectorate |
Operational Risk | Continuous training for investment managers. | HR Department |
Regulatory Risk | Alignment with Uzbekistan’s national finance regulations. | Legal Office |
8. Financial Impact and Reinvestment Projection
Year | Projected Savings (USD) | Reinvestment in Renewables (USD) |
2025 | 50,000 | 25,000 |
2026 | 70,000 | 40,000 |
2027 | 90,000 | 55,000 |
2028 | 110,000 | 70,000 |
2029–2030 | 150,000+ | 100,000+ |
9. Global and National Alignment
This policy contributes to SDG 7 targets: 7.1 (access to affordable, reliable energy), 7.2 (increase renewable share), and 7.b (infrastructure and technology investment). It aligns with Uzbekistan’s Strategy for the Transition to a Green Economy (2023–2030).
10. Conclusion
Navoi State University reinforces its leadership in ethical investment and sustainable governance. By integrating green finance principles into its strategic planning, NSU ensures its role as a catalyst for innovation, education, and environmental responsibility, contributing directly to the UN 2030 Agenda.
Annex 1. Summary of SDG 7 Targets
Target | Description |
7.1 | Ensure universal access to affordable, reliable and modern energy services by 2030. |
7.2 | Substantially increase the share of renewable energy in the global energy mix by 2030. |
7.3 | Double the global rate of improvement in energy efficiency by 2030. |
7.b | Expand infrastructure and upgrade technology for supplying modern and sustainable energy services. |
Annex 2. Glossary of Key Terms
Term | Definition |
ESG | Environmental, Social, and Governance investment criteria. |
Green Finance | Financial investments that provide environmental benefits in the broader context of sustainable development. |
Carbon-Intensive Industries | Sectors that produce high greenhouse gas emissions such as coal, oil, and gas. |
Renewable Energy | Energy from sources that are naturally replenished, such as sunlight, wind, and water. |
Divestment | The process of selling off assets or investments for ethical or financial reasons. |
Navoi State University • Green Campus Initiative • Contact: sustainability@nsuni.uz