• Finance & Procurement
 
 

Finance & Procurement

The Finance Department supports the University’s environmental sustainability commitments through direct service provision and a number of policies, as detailed below.

Sustainable Procurement

The University is a member of APUC, the procurement centre of expertise for education in Scotland.  As part of our tender process for local contracts at GCU and through procuring from framework agreements implemented by APUC, Procurement helps deliver the University’s environmental and sustainability commitments by identifying suppliers and sub-contractors that share the University’s aspirations and values and sign-up to APUC’s Supply Chain Code of Conduct.

Working with APUC enables the University to maximise its collaborative buying power along with other University members, as it strives to bring about positive impacts on supply chain sustainability.

Ethical Investments

GCU’s commitment to ethical and sustainable investments is set out in the Treasury Management Policy and is consistent with the University’s mission and values (expressed in the University’s Strategy).  The University’s commitment is to invest in companies with a positive social impact and bans investments in fossil fuels, alcohol, tobacco and armaments.

The University’s Annual Financial Statements splits investments into:

  • Non-current investments - held as treasury linked stocks
  • Endowment reserves – held as stocks and bonds in publicly listed companies

Compliance with the Treasury Management Policy is reviewed annually by the Finance & General Purposes Committee (Terms of Reference and Membership).

Sustainable Travel

As part of the University’s efforts to promote more sustainable travel GCU’s Expenses Policy allows staff to claim 20p/mile for business trips made using their bikes.