Email a studentSend a postcardEmail a student
Send a postcard
Email a student
   HOME / FOR MEDIA / THE REPORTER
The University of Leeds
The Reporter
In this section
 
 
 
About
The University
Research
Studying at Leeds
Jobs
Events
Leeds & Yorkshire




Issue 473, 19 November 2001

Council news

An ethical investment policy has been adopted by the University, under which it has decided to no longer invest in tobacco companies.

Following a decision by the University’s ruling body, Council, on November 8, the University will now take steps to disinvest its holdings in tobacco stocks. Around 3% of the University’s 52m endowment funds are currently invested in tobacco.

University of Leeds Vice-Chancellor Professor Sir Alan Wilson said: "Our decision was made on a matter of principle, and in recognition of the social responsibilities of a leading university.

"We have a longstanding policy of not accepting research grants from tobacco companies. The decision to pull our endowment funds out of these same companies is a natural extension of this policy.

"We would like to acknowledge the important role played by our students in reaching this decision."

Earlier this year, the University adopted a ‘socially responsible’ investment policy, committing the University to the principle of engagement with companies on the full range of ethical issues.


 
  Current issue
  Back issues
  Search all online issues of the Reporter
  Search current issue
  Email the reporter
  Dates
  Small ads

See also
  Press office
  Press releases
  In the press
  News archive
  Facts and figures
  History of the University
  Send a post card

 
Quick Links A-Z staff & students Departments Administration & services Library Student Union Campus map Website map Top 10 Intranet Contact us