Trinity Hall JCR are planning to ditch Barclays as their banking partner, due to concerns around the bank’s ethical and environmental record.

The move comes amid reports that the University is considering cutting its 200-year-old ties with Barclays in favour of “financial products that do not finance fossil fuel expansion”.

There has also been significant student pressure on the university to cut ties with the bank, with many students joining a career boycott last December over their environmental record.

This was followed by a “die-in” protest in Barclays’ Cambridge branch over its investment in Israel’s operations in Gaza.

Barclays currently manages over £200 million of the University’s assets, but is facing replacement as its investment in fossil fuels is out of line with the University’s commitment to divest its £3.5bn endowment from all direct and indirect investments in fossil fuels by 2030.

Speaking to Varsity about the change, the treasurer of Trinity Hall JCR said that he was “happy to confirm that myself and one of our JCR Green & Ethics Officers, have over the past few months been investigating alternatives to Barclays, with the aim of transferring the JCR’s account to a more ethical provider”.

“Trinity Hall appear very receptive so far, and I’m hoping the move will be initiated and completed by my successor,” he continued.

This change has also been supported by Trinity Hall Junior Bursar, Glen Sharp, who told Varsity: ”The JCR Bank Account is with Barclays and I am currently supporting them move to a different bank as their customer service for societies is very poor.”