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˿Ƶ announces new responsible investment commitments

Posted on 17 April 2024

The ˿Ƶ has announced it no longer holds investments in companies that primarily make or sell weapons and defence-related products or services.

The decision follows calls by members of York's community to cut these investment ties and renew the ˿Ƶ's commitments to its mission of public good.

The changes to the responsible investment statement were made in partnership with the ˿Ƶ's Student Unions.

The statement, which aligns the ˿Ƶ's investments in support of the , explains that York does not and will not invest in companies whose primary activity is tobacco, gambling, adult entertainment or predatory lending.

It builds on the previous commitments in 2019 to no longer hold investments in fossil fuel companies. 

The renewed statement confirms that the ˿Ƶ does not invest in companies whose primary activities are:

  • oil/gas
  • tar sands
  • thermal coal
  • shale oil/gas
  • mining
  • cluster bombs and landmines
  • tobacco
  • armaments and defence
  • gambling
  • adult entertainment
  • predatory lending

˿Ƶ Vice-Chancellor, Professor Charlie Jeffery, said: “I'm very proud York has evolved our investment strategy in this way, in line with our values as a ˿Ƶ for public good. 

“Our students in particular have raised their concerns about responsible investment and corporate links to armaments and defence, and they have rightly and passionately challenged us to rethink our approach.”

Pierrick Roger, Students' Union President from 2022 to 2024, welcomed the change; he said: “This issue is so important to our students. The ˿Ƶ has not only listened, but has constructively involved us to ensure their new approach addresses our concerns. For a ˿Ƶ that prides itself on its values, divesting from these destructive industries is a key step towards taking these responsibilities more seriously.”

Further information:

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