Tobacco-Free Investment: Harnessing the Power of the Finance Industry in Comprehensive Tobacco Control – Paper by Dr Bronwyn King, Clare Payne and Dr Emily Stone.

“The WHO has called on the international community regarding the effects of tobacco in terms of health. We have reaffirmed our ambition to finance economic development while having a positive impact on all our stakeholders, contributing to build a better future.” said Jean-Laurent Bonnafé, CEO, BNP Paribas.

AXA SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry.