Shares in the arms and tobacco industry

Sarah Woolley made this Rhyddid Gwybodaeth request to Nuffield College, Oxford

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Roedd y cais yn rhannol lwyddiannus.

Dear Nuffield College, Oxford,

I am writing to request information on the financial relationships the college holds with the arms and tobacco trade (specifically, but not limited to:

- BAE Systems
- Rolls-Royce
- Smiths Group
- Cobham
- Elbit
- Finmeccanica
- GKN
- QinetiQ
- VT Group
- Halliburton,
- United Technologies
- Airbus SE
- Lockheed Martin
- Caterpillar Inc,
- General Dynamics
- Raytheon
- Northrop Grumman
- Raytheon, Textron and Thales Group
- L3 communications

- Philip Morris
- British American Tobacco
- Altria
- Imperial Brands

Please include the following information:

1) A portfolio statement for the fund(s) the college has investments in. If you do not have a copy of this, please send me a list of the names of the fund(s) and the corresponding management companies. Details should be broken down, year-by-year for the last five financial years.

2) Please also confirm if any shares are held in arms trade companies as part of a pension fund or endowment, either directly or indirectly through an externally managed fund. Details should be broken down, year-by-year for the last five financial years.

I would wholeheartedly encourage the university to adopt an ethical investment policy that excludes the arms trade, and would appreciate it if you could tell me if this is something that the university is working towards.

Yours faithfully,

Sarah Woolley

Nuffield College Bursar, Nuffield College, Oxford

Dear Ms Woolley,

Thank you for your email of 30 June 2020 and apologies for the delay in replying. The answers to your questions are as follows:

1. Nuffield College does not have any direct investments in any of the companies listed in your email or any other direct investments in the arms or tobacco trade.

2. Nuffield College's pension funds and the associated investments are administered by the relevant pension schemes, and the links to their websites are as follows:

USS (www.uss.co.uk)
OSPS (finance.admin.ox.ac.uk/osps)

The College does not receive any breakdown of the pension scheme investments.

All the best,

Tom

TOM MOORE

Bursar
Nuffield College, Oxford, OX1 1NF
+44 (0) 1865 278525 or 278606

<http://www.nuffield.ox.ac.uk/>

On 30/06/2020, 17:34, "Sarah Woolley" <[FOI #673609 email]> wrote:

Dear Nuffield College, Oxford,

I am writing to request information on the financial relationships the college holds with the arms and tobacco trade (specifically, but not limited to:

- BAE Systems
- Rolls-Royce
- Smiths Group
- Cobham
- Elbit
- Finmeccanica
- GKN
- QinetiQ
- VT Group
- Halliburton,
- United Technologies
- Airbus SE
- Lockheed Martin
- Caterpillar Inc,
- General Dynamics
- Raytheon
- Northrop Grumman
- Raytheon, Textron and Thales Group
- L3 communications

- Philip Morris
- British American Tobacco
- Altria
- Imperial Brands

Please include the following information:

1) A portfolio statement for the fund(s) the college has investments in. If you do not have a copy of this, please send me a list of the names of the fund(s) and the corresponding management companies. Details should be broken down, year-by-year for the last five financial years.

2) Please also confirm if any shares are held in arms trade companies as part of a pension fund or endowment, either directly or indirectly through an externally managed fund. Details should be broken down, year-by-year for the last five financial years.

I would wholeheartedly encourage the university to adopt an ethical investment policy that excludes the arms trade, and would appreciate it if you could tell me if this is something that the university is working towards.

Yours faithfully,

Sarah Woolley

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