For a change, Yale University will no longer invest in retail outlets that sell and market weaponry to the general public.
The university announced the policy shift on Tuesday, after considering issues related to ethical investments made out of its endowment.
The decision was taken after a Yale faculty member earlier this year raised the question over the school’s investment in companies that sell and manufacture guns. School’s Advisory Committee on Investor Responsibility (ACIR) took a note and recommended the Yale Corporation Committee on Investor Responsibility (CCIR) to stop investing in retail outlets.
“The ACIR, which advises the Yale Corporation Committee on Investor Responsibility (CCIR), determined that mass shootings cause incontrovertible societal harm and retailers supplying assault weapons to the general public cause grave social injury, a conclusion supported by the CCIR,” Yale statement reads.
“This policy applies to traditional retail distributors, as well as promoters and dealers who organize and sell assault weapons at gun shows.”
The university has further emphasized its support for a gun violence-free environment where students and teachers make contributions for the betterment of the world.