Overview

Ethical Investment Review Committee reports to Council

Chair

Lord (Tim) Clement-Jones 


Who to contact

Derfel Owen

for agendas and minutes; apologies for absence
d.owen@ucl.ac.uk
020 7679 8594


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UCL Committees

Ethical Investment Review Committee

Constitution and Membership for 2014-15

Number in brackets to the right-hand side of a committee member’s name indicates length of continuous service in years, up to and including the 2013-14 session. Length of service is not indicated for ex officio and student members, or for observers.

The number in square brackets next to the name of a committee member who is identified as serving as the appointed or elected Chair of the committee indicates the number of consecutive years that member has served as Chair up to and including the 2013-14 session. 


Appointed

Two members of Council, including at least one lay member (as Chair), appointed by Council

  • Lord Clement-Jones (Chair) (1) [1]
  • Professor Nick Tyler (3)

Two academic staff, appointed by Academic Board

  • Professor Mark Lancaster (4)
  • Professor Jane Rendell (1)

Nominated

A student officer, nominated by the UCL Union

  • Mr Omar Khan

Secretary Mr Derfel Owen

Terms of Reference

Subject to any general or particular direction that may from time to time be given by Council, the Ethical Investment Review Committee is charged by Council:

  1. To receive requests from members of UCL for the review on ethical grounds of individual stocks included in UCL's current investment portfolio.
  2. To provide, through meetings, held twice a year if required, a forum in UCL for consideration of such requests.
  3. To consider at each meeting such requests that have been received for the review of investments in UCL's current portfolio, in accordance with the statement of ethical considerations set out in UCL's investment policy, through a process of negative screening ( ie the exclusion of stocks from an existing portfolio on the grounds that such stocks do not meet the ethical standards of the fund).
  4. To receive, for the purposes of carrying out such reviews, data analyses of current investments against ethical criteria available from specialist agencies.
  5. In the light of the Committee's review of investments as detailed above, to advise the Investments Committee, through submission of a reasoned statement: either that investment in the stock concerned be continued; or that the particular stock be disposed of completely; or such other action as the Ethical Investment Review Committee considers appropriate in the particular case.
  6. Where the Ethical Investment Review Committee considers investment in a stock to be unethical on grounds that require further consideration by the Investments Committee in accordance with the statement of ethical considerations set out in UCL's investment policy, to engage in dialogue with the Investments Committee as necessary, and, where the matter is not resolved through such dialogue, to refer the matter, jointly with the Investments Committee, to Council for decision .
  7. To report to Council by submission to Council of an annual report and to the Council officers of the Minutes of each meeting of the Committee.

Meeting Dates 2014-15

The Ethical Investment Review Committee is convened only as and when necessary.

Minutes

Committee Minutes for sessions prior to 2010-11 are not publicly accessible.

2008-09