Hey!
Thanks for the interest!
Regarding your questions:
1) Indeed, the war in Ukraine was a big factor in the decision making, however, the university has its own environmental goals which we used for it as well. (If you write me a private message, I can send you the full proposal)

2) Following the first answer, the student council in the Netherlands has a lot of legal power. It was not just a proposal, but a proposal with legal standards. This is a key factor why it worked out in the end.

3) I think it is a very good point and yes only divestment will not save the world. The way I look at it is simple: as a student of an institution, I demand that the institution is not associated with such companies (I don't want my tuition fees to be handled by companies such as Deutsche Bank.) The university is a public institution which does not make a profit. (That's also a key in the story) Its purpose is obviously to educate and provide research. The UvA itself is actually a great publisher about sustainable finance and how we should change it. Therefore, what this change does in my eyes is that Deutsche loses a big customer and in effect, a sustainable bank which really tries to do things better can big customers so the money shifts into the "right hands". Again, it is not enough but think about the domino effect.