In an open letter to the Penn’s Trustees, a group of Senior Standing Faculty are calling for the university to cease investing in tobacco company stocks. Such investments are “clearly antithetical to the university’s research, teaching and health care missions,” say the 532 faculty members who have signed the statement.
The ad hoc committee working on the issue has also published a report giving context for the push:
The University of Pennsylvania — a recognized leader in global outreach initiatives through its
internationally eminent university and academic medical center — is committed to making a positive contribution to people’s lives around the world. Yet we have fallen out of step with our Ivy League and medical school peers on the issue of tobacco. Of the five Ivies that have deliberated about tobacco investment, only Yale has not adopted a tobacco restriction for their endowment. Of the top five medical schools, Penn is the only one without a tobacco restriction. We believe this is inconsistent with the values of the Penn community as embodied in the Penn Compact and in our leadership, education, research, and service missions around the globe.
CPHI is committed to improving the health of populations and fully supports a policy of tobacco divestment for Penn. Read more about our statement on tobacco use and a smoke-free Penn campus here.