Investment Committee (IC) recommended that a restriction was formalised on direct holdings in tobacco companies, in line with the practices of the Committee to Review Donations and Research Services that the University should not accept funds from such companies. Council received this recommendation, together with a response submitted by the SRIRC endorsing the recommendation, at its meeting on 20 June 2016
Council approved the IC’s recommendation.
 - As defined by Cancer Research UK. Tobacco companies are defined as a company, entity or organisation (or groups or combinations of the same) whose business other than for an insignificant part (i.e. less than 10% of its revenue), is the development, promotion, marketing or sale of tobacco in any country in the world, or is a subsidiary or a holding company of the same. E-cigarette companies, fully or partially owned by the tobacco industry, are also considered tobacco companies under this definition.