Shares in the arms and tobacco industry

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Dear St Anne's 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

John Ford, St Anne's College, Oxford

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Dear Ms. Woolley,

I include portfolio breakdowns of our segregated fund investments for the last 5 years. This represents the bulk of our investments bar a small investment in OU Endowment Management. The college's pension arrangements are managed by USS. The college recently decided to follow the recent Oxford University resolution on fossil fuels. It has also divested from certain mining stocks and weapons manufacturers, including BAE Systems. It has had a tobacco company exclusion for many years. It is currently working on a more detailed principles based responsible investment policy.

Regards,

John Ford
Treasurer
St Anne's College
Oxford • OX2 6HS • UK

T:  +44 (0) 1865 274823
E:  [email address]
              
Registered charity No: 1142660

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Dear John Ford,

This is an incredibly useful reply and I really appreciate the time put into it.

Yours sincerely,

Sarah Woolley

John Ford, St Anne's College, Oxford

Glad to be of assistance.

All the best,

John

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