UCL Council sets up a sub-committee on ethical investment

Dominique Fourniol, Head of Media Relations at UCL released the following information regarding the UCL Council discussion on ethical investment last week:


'At its meeting on 13 March, UCL Council received the report of a review, commissioned by the Provost, of UCL's approach to ethical standards in investment selection. Council agreed that, in the light of this review, UCL should further develop its socially responsible investment (SRI) policy - and is setting up a sub-committee of Council to take this work forward. The sub-committee is charged to submit to the next Council meeting in June specific proposals for the further development and implementation of SRI policy at UCL.'

We congratulate UCL Council on taking steps towards ethical investment.

WE CALL ON UCL COUNCIL TO GIVE STUDENTS AND ALUMNI A FORMAL CONSULTATIVE ROLE IN DEVELOPING THE ETHICAL INVESTMENT POLICY !

MEETING TODAY @ 6 pm and END OF TERM DRINKS

We'll be meeting today at 6 pm in the CSC meeting room to discuss the decision of UCL Council to delay the adoption of an ethical investment policy and plan the next steps for the campaign.

Two anti-arms trade/ethical investment campaigners from Warwick university will be at the meeting as well and share their experiences about the National Day of Action for ethical investment at Warwick university.

EVERYONE WELCOME !

Afterwards we'll be going out for END OF TERM DRINKS in the Union Bar. It's been a really good term of dedicated campaigning to Disarm UCL and everyone deserves a celebration :) - and it's Jen's 21st today so we have even more reason to celebrate :) Happy Birthday, Jen !

UCL Council hestitates again to come clean on investment

Yesterday we received the following information from Jim Hunkin, who was present at the UCL Council meeting as Acting Finance and Administration Officer of UCL Student Union.

"The proposal that UCL has an ethical investment policy was indeed discussed at the UCL Council meeting yesterday. The committee took the view that the investment policy was a very complicated issue and thus decided that there needs to be more consideration before a decision can be reached. That’s pretty much what they agreed!"

The Disarm UCL campaign calls on UCL Council to adopt an ethical investment policy swilftly and give students and alumni a formal consultative role in the process.

WE ALSO CALL ON UCL COUNCIL TO DITCH THE ARMS SHARES IMMIDIATELY !

Since the UCL Council meeting Jim Hunkin has been suspended by the UCL Union Sabbatical Officers, following a motion of no confidence.

Report on ethical investment to be presented to UCL Council tomorrow

Andrew Fernando, Education and Welfare Officer at UCL Student Union confirmed to me today on the phone that he believes that Edwin Glasgow will present his report on ethical investment at UCL to the UCL Council tomorrow.

We will post news on this here - so keep checking this site

The proposal at UCL comes weeks after Oxford University has published a "Report of the Working Group set up to consider the implementation of a Socially Responsible Investment Policy." Contact us at info@disarmucl.com for a copy of the Oxford report.

The Disarm UCL campaign and UCL Union call on the UCL Council to:

• IMMEDIATELY DIVEST FROM ARMS TRADER COBHAM PLC
  
• make the timetable for developing an ethical investment policy clear and publicly available
  
• give a formal consultative role for students and alumni in the process of developing and monitoring an ethical investment policy for UCL