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Irresponsible Science?
The report finds that while the Royal Statistical Society (RSS) has no evidence of financial links to fossil fuel or arms corporations in its education programmes, events, or magazine, it has a 'Very high' level of involvement with the fossil fuel industry through its investments. Approximately 31% of the 'known' investments (which represent at most 21% of the total £1.7 million portfolio) were in the fossil fuel sector. The RSS lacks an overarching environmental policy and an ethical investment policy, although it recently approved a change to invest between 5% and 15% of assets in 'global sustainable equities'.
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Document type: Report
Irresponsible Science?
The Engineering Council, the regulatory body for the UK engineering profession, maintains comprehensive environmental guidance for engineers but lacks a dedicated ethical investment policy. Analysis of its approximately 1.6 million investment portfolio, held within the Baring Targeted Return Fund, reveals that about 1% of known holdings are in the fossil fuel industry and less than 1% are in arms companies. However, the report notes that because only 24% of the portfolio's final holdings could be unambiguously identified, the actual extent of these links could be higher.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Case study