UCL and Cobham plc
29 October 2009
Following review by UCL's Ethical Investment Review Committee of the university's shareholdings in Cobham plc, and its subsequent recommendation that the shares in question be disposed of, UCL's Investment Committee has instructed its investment managers to proceed with an orderly disposal of UCL's shares in Cobham.
UCL keeps its investment policy under constant review, and takes all relevant factors into account in deciding where to invest, including both financial and ethical considerations. On 1 January this year the university set up an Ethical Review Investment Committee (EIRC) to provide a forum for the consideration of requests received from members of the UCL community for the review on ethical grounds of individual stocks included in UCL's current investment portfolio.