Universities: Scotland
Below is a list of the value of shares held by each university. The most recent figures generally refer to investments held in June 2008 in the top six UK-based arms exporting companies and the top eight American arms companies. The other figures mostly refer to shares held in March 2006 in the top seven US and UK arms companies at that time. The date of the information is provided in all cases.
The figures are taken from responses to Freedom of Information Act requests made to each university. Whilst the greatest care has been taken to ensure the accuracy of all the figures in this report, CAAT recognises the possibility of human error, and recommends that this fact be kept in mind when referring to the information.
Aberdeen University
No arms shares held directly or indirectly.
Information refers to March 2005
To verify information, email:
Freedom of Information Officer
To register concerns, email:
Irene Bews,
Director of Finance
Abertay Dundee University
The University does not hold any information regarding the shareholdings of the investment trusts in which it holds shares. Shares may therefore be held indirectly in arms companies. The University is currently considering the need for an ethical investment policy.
Total Assets Invested (all shares) £5m
Arms shares as % of total investments ?
Information refers to March 2006
To verify information, email:
Christopher Milne,
Information Manager
To register concerns, email:
Steve Pimentil,
Head of Finance
Dundee University
BAE Systems £196,642
Shares held as part of endowmnent fund. University also holds investments in a number of collective funds, but holds no information on the companies these collectives invest in.
Total Assets Invested (all shares) £17.2m
Arms shares as % of total investments 1.1
Information refers to April 2008
To verify information, email:
Alan Bell,
Information Compliance Officer
To register concerns, email:
Rob Kennedy,
Director of Finance
Edinburgh University
No arms company shareholdings.
University has a Socially Responsible Investment Policy. Although arms companies are not specifically excluded, divestment is a possibility in those cases where the activities of the companies concerned are "wholly contrary to the University's values systems". As an example, it cites wider issues of social or humanitarian concern and human rights.
Total Assets Invested (all shares) £183m
Information refers to March 2006
To verify information, email:
Records Manager
To register concerns, email:
Jon Gorridge,
Director of Finance
Glasgow University Endowment Fund
Incomplete response to FOI request sent. Information did not include shareholding figures.
Total Assets Invested (all shares) £116m
Arms shares as % of total investments ?
Information refers to March 2006
To verify information, email:
Freedom of Information Officer
To register concerns, email:
Robert Fraser,
Director of Finance
Glasgow Caledonian University
No arms company shareholdings.
Total Assets Invested (all shares) 0
Information refers to March 2006
To verify information, email:
Pat McKay,
Head of Information Strategy
To register concerns, email:
David Beeby,
Executive Director of Finance
Heriot-Watt University
BAE Systems £560
Shares held indirectly via Bailey Gifford's Income Fund.
Total Assets Invested (all shares) £4.7m
Arms shares as % of total investments 0.01
Information refers to March 2006
To verify information, email:
Andrew Connor,
Freedom of Information Compliance Assistant
To register concerns, email:
Phil McNaull,
Director of Finance
Napier University
No arms company shareholdings.
University has a Socially Responsible Investment policy. Although arms companies are not specifically excluded, the University may not invest in any company that "persists in producing products that have consistently harmful effects upon the world or generate earnings from undesirable areas".
Total Assets Invested (all shares) £1.8m
Information refers to March 2006
To verify information, email: Jacqueline Hay, Records Manager
The Robert Gordon University
No arms company shareholdings.
Total Assets Invested (all shares) £15m
Arms shares as % of total investments 0
Information refers to February 2005
To verify information, email:
Gordon Brown,
Records Manager
To register concerns, email:
Michael McCall,
Director of Finance
St. Andrews University
No direct arms company shareholdings.
Ethical investment policy in place that prohibits arms company investments.
Total Assets Invested (all shares) £2m
Information refers to September 2007
To verify information, email: D Watson, Quaestor and Factor
Stirling University
No arms company shareholdings.
Total Assets Invested (all shares) £1.6
Arms shares as % of total investments 0
Infromation refers to March 2006
To verify information, email:
John Gordon,
Director of Finance
To register concerns, email:
John Gordon,
Director of Finance
Strathclyde University
Cobham £67,680
Also invests in undisclosed pooled/tracker funds which may contain arms companies.
Total Assets Invested (all shares) £23m
Arms shares as % of total investments 1.0
Information refers to March 2006
To verify information, email:
Jeanette Leiper,
Freedom of Information Officer
To register concerns, email:
D Coyle,
Director of Finance
University of the West of Scotland
BAE Systems £20,285
Total Assets Invested (all shares) £0.9m
Arms shares as % of total investments 2.2
Information refers to April 2008
To verify information, email:
David Rigg,
Secretary and Registrar
To register concerns, email:
Donald Matheson,
Director of Finance
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