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Tag: Tobacco
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Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
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Norwegian Sovereign Wealth Fund Adds 9 Firms to Exclusion List
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
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Oil Is the New Sin Stock, and That’s a Boost for the Sector, BCA Says
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Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
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CalPERS Rejects Reinvesting in Tobacco Again
Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
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Sin Stocks, Once Heavenly Performers, Now Are Damned
Shares in tobacco, booze, gambling, and the like are suffering in the pandemic era.
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USS Targets Tobacco, Thermal Coal for Divestment, Exclusion
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
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UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
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Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
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CalPERS Investment Committee Rejects Tobacco Reinvestment Again
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CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
UN Launches Tobacco-Free Finance Pledge
Initiative calls on finance industry to tackle ‘tobacco epidemic.’