Birmingham University accused of weakening restrictions on investing in arms companies

Birmingham University accused of weakening restrictions on investing in arms companies The University of Birmingham has been accused of significantly weakening its restrictions on investing in weapons companies. The British university has replaced a policy committing to "minimise" investments in arms, tobacco and alcohol companies with "investment principles" that require the consideration of "financially material" environmental, social and governance (ESG) factors. The university's responsible investment policy, adopted in 2022, committed to incorporating "ESG issues into investment analysis and decision-making processes".