Divesting Guidelines

(Reviewed: 2023)

Purpose

Lovely Professional University (LPU) aims to provide clean and affordable energy across its campus while minimizing carbon emissions and fossil fuel usage. This policy encourages the use of renewable energy to reduce reliance on fossil-fuel-based energy sources such as coal and oil. The policy further promotes the divestment of fossil fuels and advocates for investment in renewable energy resources, supporting United Nations Sustainable Development Goal 7 (SDG 7) and the Government of India’s initiatives to promote affordable and clean energy.

Lovely Professional University (LPU) is committed to fostering sustainability and environmental responsibility in all facets of its operations. In alignment with this mission, LPU acknowledges the critical need to address climate change by reducing its financial ties to carbon-heavy industries, such as coal, oil, and natural gas. This policy outlines LPU’s approach to divesting from industries that significantly contribute to the climate crisis and reallocating investments toward renewable energy, sustainable technologies, and environmentally responsible sectors. Lovely Professional University is committed to promoting sustainable energy practices across its campus. The university's clean energy and divestment policy is designed to:

  • Ensure universal access to affordable, reliable, and modern energy services.
  • Substantially increase the share of renewable energy in the global energy mix.
  • Double the rate of improvement in global energy efficiency.
  • Enhance international cooperation to facilitate access to clean energy research and technologies, including renewable energy, energy efficiency, and cleaner fossil-fuel technologies, and promote investments in energy infrastructure and clean energy solutions.
  • Expand infrastructure and upgrade technologies to provide sustainable and modern energy services

Guidelines Principles

LPU commits to optimizing energy use generated from fossil fuels while maximizing renewable energy adoption, guided by the following principles:

  • Restrict vehicle movement that contributes to carbon emissions on campus, minimizing environmental impact.
  • Promote the use of electric vehicles (EVs) across the campus to reduce oil consumption and support clean transportation initiatives.
  • Encourage subsidized transportation and accommodation for students and staff to lower the number of vehicles on campus and minimize carbon footprints.
  • Support the production and use of biogas to enhance waste management efficiency and contribute to renewable energy generation.
  • Promote energy-efficient devices such as lights, fans, and air conditioners that reduce energy consumption across the campus.
  • Prioritize solar energy utilization by installing solar panels on the rooftops of all feasible buildings to maximize renewable energy use.
  • Conduct annual audits of energy consumption, focusing on fossil fuel usage, and implement corrective measures to reduce energy consumption.
  • Increase the share of renewable energy annually, aiming to source 100% of total energy from renewables by 2029.
  • Support research and development (R&D) focused on reducing reliance on conventional energy sources like coal, oil, and firewood.
  • Strengthen national and international partnerships to improve access to clean energy research, technologies, and investments, including renewable energy and energy efficiency initiatives.
  • Expand infrastructure and upgrade technology to deliver modern, sustainable energy services across the campus.
  • Encourage and support active participation of students and staff in adopting renewable energy practices on campus.
  • Facilitate carbon emission reduction and renewable energy initiatives for local residents, government agencies, and NGOs through student volunteering, policy advocacy, and technology transfer programs.

Dissemination of Guidelines

  • Signage promoting energy efficiency and renewable energy use will be displayed throughout the campus, including public spaces like pathways, canteens, auditoriums, and hostel areas.
  • Regular awareness programs will be conducted for all stakeholders to promote the efficient use of energy, increase reliance on renewable energy, and reduce dependence on fossil fuels.
  • Updates to the policy will be made as needed and will be communicated via the website to ensure that all stakeholders are informed.

This policy ensures that LPU remains committed to the ongoing development of infrastructure, technology, and research that supports the transition to clean energy, while empowering students, staff, and stakeholders to contribute toward a sustainable and eco-friendly campus environment. Through these efforts, LPU will play a significant role in advancing energy sustainability and combating climate change on a global scale.