Motion
- Motion title
- USS and ethical investment
- Session
- 2010-2011
- Meeting link
- HE conference
- Meeting date
- 28 May 2011
- Status
- Passed
- Motion
- B7
- Motion text
This Sector Conference notes with extreme concern the USS top 100 investments, which currently include major banks and companies producing petroleum products, tobacco and weapons.
Conference believes that UCU members' interests are not best served by having their pensions invested in companies whose practices are unethical.
Conference resolves to work with Fairpensions to attempt to improve the practices of companies in which USS invests, but not to restrict itself to 'responsible investment'.
Conference instructs UCU's representatives on the USS board to press for policies of ethical investment, including divestment from companies whose practices cannot be reformed because of the intrinsic nature of the companies' activities, and companies which refuse to reform their practices.
Conference agrees to campaign for UCU representation on the Investment Committee of USS to ensure that UCU has a direct input into investment decisions.
- Proposing body
- University of Birmingham
- Amended
- No
- Allocated to
- Higher education committee (HEC)
- Notes
Administrative info
- Listing reference
- 2011/H/05-28/051/B7