Shares in the arms and tobacco industry

The request was successful.

Dear St Cross 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 Tranter - St Cross Bursar, St Cross College, Oxford

1 Attachment

Dear Sarah

 

Thanks you for your enquiry. Unlike most of the other Oxford Colleges, we
are a Society of the University, which means that we are legally part of
the University of Oxford and not an independent institution. Therefore on
a range of matters including investment we follow the central University’s
lead. This means that we do not invest independently, but instead pool all
of our endowed assets with the University’s in an investment entity called
OUem (Oxford University Endowment Management). This organisation invests
on our behalf in a range of long term asset classes in order to enable the
College to have a firm financial base and to generate income each year to
make possible, for example, the provision of a range of student
scholarships.

 

Your detailed questions are therefore more relevant for the University and
for OUEM, but you can find more detail on the following University web
page:

 

[1]https://governance.admin.ox.ac.uk/univer...

 

I hope this gives you what you need.

 

Best regards

John Tranter

John Tranter
Bursar
St Cross College
61 St Giles, Oxford OX1 3LZ

[2][email address]
Office: +44 (0)1865 278497

[3]cid:image001.png@01D475E3.41A782B0

[4]Facebook | [5]Twitter | [6]Instagram | [7]LinkedIn

 

 

 

 

 

 

 

From: Sarah Woolley <[8][FOI #673935 email]>
Sent: 02 July 2020 12:25
To: St Cross Bursary Administrator <[9][St Cross College, Oxford request email]>
Subject: Freedom of Information request - Shares in the arms and tobacco
industry

 

Dear St Cross 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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