College Letter

College Letter

From the Principal Bursar ST JOHN’S COLLEGE OXFORD OX1 3JP __________________________________________________________________________________________________ Sarah Woolley Sent by email: [email protected] 30 July 2020 Dear Ms Woolley, I am replying to your Freedom of Information request to the College, which was received by the Freedom of Information Officer on 2 July 2020. For clarity here is your original message: 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 __________________________________________________________________________________ Tel : 0 1865 277321 Fax : 0 1865 277378 E-mail : principal.bursar @sjc.ox.ac.uk Registered Charity : 1139733 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. From the above list of companies, the College currently holds shares through its investment adviser, Schroder Cazenove, in the following companies: BAE Systems, Rolls-Royce, Smiths Group, British American Tobacco, Imperial Brands. Details about values of individual holdings and timings of investments are considered as commercially sensitive information by the College and therefore exempt under section 43(2) of the Act. Schroder Cazenove operates a programme of socially responsible engagement with the management of companies in which they invest, and the College takes account of advice from its investment and property managers about the social and ethical dimensions of its investment holdings. In addition, the College’s Governing Body just agreed a framework to consider ethical aspects of investment decision- making; the report can be found on the College’s website. If you wish to request a review of this response, you should write to me at the above address in the first instance. The entire set of correspondence will be passed for review to another person in the College. If you are dissatisfied with the outcome of a review, you have the right to make a complaint to the Information Commissioner's Office. Yours sincerely, Prof. A.J. Parker Principal Bursar .

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