5.6 Heriot-Watt University

Heriot-Watt University told us that it invests its endowment funds in CCLA Investment Management Ltd’s COIF Charities Investment Fund. The fund has a policy that excludes companies that produce cluster munitions or landmines from investment, however, there is no mention of nuclear weapons in the policy.

The University declined to send us a list of its shareholdings on the grounds that this information is held by CCLA, not the university. A portfolio statement in the COIF Charities Investment Fund’s 2018 annual report suggests that the fund has no investments in the companies listed in section 2.

If you’re a student at Heriot-Watt University and you’re concerned about the university’s investments, you can write to the university’s principal. You can also contact CAAT Universities (https://caatunis.net/) or People and Planet (https://peopleandplanet.org/) for information about how to get involved in divestment campaigns.

You could also contact CCLA’s Head of Ethical and Responsible Investment to suggest that the company adopts a comprehensive policy prohibiting investment in nuclear weapons producers: james.corah@ccla.co.uk.