UCL - DITCH THE ARMS SHARES !

The petition

UCL currently holds £884,000 worth of shares in arms company Cobham plc, which profits significantly from the sale of military components. It is the world's 46th largest arms producer by military revenue. UCL as a major university sets an important precedent for the whole sector. Its claim to be a 'global' university with a tradition of liberal ideals and social justice is undermined by its direct support of the 'global' arms trade.

We the undersigned
- call on UCL to immediately divest its shares in Cobham plc
- welcome UCL's recent moves towards an ethical investment policy and call on UCL to establish this policy swiftly, with the process and timetable for designing and implementing it made clear and publicly available. This should include the setting out of the role of students, staff and alumni in the process
- demand that the ethical investment policy excludes (but is not limited to the exclusion of) investment in arms-producing companies whether held directly or via managed or pooled funds
- support the disarmUCL campaign in actively pressurising the university to comply with these demands

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