
UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
Move follows series of funds no longer interested in carrying tobacco-related investments.
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Christchurch shootings, tighter firearm laws make for a quick decision from fund’s guardians.
Christina Paxson says endowment is ‘not a political instrument.’
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Research shows that 54% of divestitures underperformed the markets since 2010.
Norway’s pension giant has divested from 240 firms since 2012.
Fund divests one company due to human rights violations, and two for coal activities.
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
ESG-oriented decision motivated by new law.
The review could lead to divestment of CoreCivic and The GEO Group.