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Introduction University Investments Arms Companies Special Relationship Start Campaigning Links

The newly-launched 2006 figures are available here

2005 Launch
Does your university invest in arms companies?

Sixty seven universities and colleges in the UK are known to hold shares in arms companies, often without the knowledge or approval of the students, staff and beneficiaries. Our new university Clean Investment campaign aims to alert students and staff to the investment decisions which are being made on their behalf by the financial officers of their colleges and universities, giving them the tools so that they can hold them to account, and help break the links between arms companies and higher education. Check on your university here!

Top 10 known university investors in BAE Systems*

University

    

Number of Shares

Trinity College, Cambridge

    

796,738

Liverpool University

    

431,837

SAUL**

    

314,800

Manchester University

    

168,000

Exeter University

    

162,350

St. John's College, Oxford

    

121,250

York University

    

115,000

King's College, London

    

111,800

Southampton University

    

97,326

Aberystwyth, University of Wales

    

92,000

*this figure represents the sum of all shares held by the institution in BAE Systems, using figures obtained up to October 05, including both endowments and pensions where appropriate. This table excludes the Universities Superannuation Scheme (USS) which has 13,741,775 shares in BAE Systems as of 2004

**Superannuation Arrangement for University of London

To campaign for change we now need your help, and that of your fellow students and colleagues. We have put together templates and guidelines for expressing your dissatisfaction with the current situation and campaigning in your university. We've also provided links that include further information on how to draft resolutions for your student union and proof that ethical investments are fiscally viable!

The shareholdings

Since the beginning of 2005 we have conducted extensive research into universities and their investments in the arms trade. We have focused on six companies, all of which are UK based and in the top 100 arms companies worldwide. These companies are BAE Systems - the UK's dominant arms exporting company, VT Group, Rolls Royce, Smiths Group, Cobham and GKN.

Out of the 183 colleges and universities that we contacted, 67 confirmed, in response to Freedom of Information Act requests, that they hold investments in the arms trade. Where the institution holds shares directly in the arms companies, they have provided us with the number of shares. If the shareholdings are part of a pooled fund obtaining an exact amount is usually not possible, so we have indicated this with a 'YES' on the lists of investors.

Although 75 universities replied indicating that they owned no shares in any of the six companies, only a very small number of these have confirmed to us that they have an ethical investment policy that excludes arms companies.

The current financial policy of the remaining 41 universities is still unclear. Some of them have simply not yet responded to our enquiries regarding their current investments, whilst four have only recently been added to our database and not yet been contacted. Others may hold shares indirectly as part of a managed fund(s) but we haven't yet been able to find out whether the fund(s) contain arms companies. Full details of the results.

pdf Press pack (208kb) and CAAT's 'Ivy League' of university arms company investors.

Campaign Against Arms Trade, 11 Goodwin St, Finsbury Park, London N4 3HQ
Tel: +44-(0)20 7281 0297 | Fax: +44-(0)20 7281 4369