Shares in the arms and tobacco industry

The request was partially successful.

Dear St Peter'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

Doug Shaw, St Peter's College, Oxford

1 Attachment

Hello Sarah,

 

St Peter’s only owns funds (4 of them) and has no holdings directly in
shares.

More than 60% of our assets are in the Oxford Endowment Fund managed by
OUEM.

The rest is in the Veritas Global Focus Fund and two LGIM-managed UK
tracker funds.

 

My son is an officer in the Army. I would quite like him to have the
weapons he needs with which to perform his duties!

At least he doesn’t smoke.

 

Best wishes

 

Douglas Shaw

Bursar

St Peter’s College, Oxford

 

079 6646 7741

 

[1]SPC full logo bw

 

 

 

------------------------------------------------------------------------

From: Sarah Woolley <[2][FOI #673940 email]>
Sent: 02 July 2020 12:27
To: St Peter's College Admissions <[3][St Peter&#39;s College request email]>
Subject: Freedom of Information request - Shares in the arms and tobacco
industry

 

Dear St Peter'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

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