Motion
- Motion title
- USS divestment from Tesla, Meta, and Alphabet
- Session
- 2024-2025
- Meeting link
- HE Conference
- Meeting date
- 25 May 2025
- Status
- Carried
- Motion
- HE19
- Motion text
HESC notes:
1. Elon Musk, Mark Zuckerberg and Google's enthusiastic embrace of Trump's
administration
2. Netherlands' largest pension fund has sold all of its shares in Tesla, Meta and
Alphabet
3. USS currently invests in all three companies
4. USS defined contribution ethical investment plans prohibit investment in
companies that do not meet the established Ethical Guidelines
5. Ethical guidelines were established following member survey conducted in
2020 and 2021
HESC believes:
a. Investment in Alphabet, Meta and Tesla is no longer compliant with ethical
guidelines
b. Members who choose ethical options for investing their funds do not want to
invest in these companies
HESC resolves:
i. To lobby USS for immediate removal of all three companies from USS ethical
investment plans
ii. To push USS to investigate whether these stocks are still beneficial for the
general investment portfolio
- Proposing body
- Bangor University
- Amended
- No
- Allocated to
- Higher education committee (HEC)
- Notes
Administrative info
- Listing reference
- 2025/H/05-25/132/HE19