Alecta Announced Tobacco-Free Position: USD 90B
As a long-term investor, Alecta said its investments need to be focused on companies that are well-managed and have a business model with a long sustainability date.
UK’s Largest Private Pension Fund to Exit Tobacco
The Universities Superannuation Scheme (USS), which oversees more than 68 billion pounds (USD 84 billion) of assets, will begin selling its holdings in these industries within two years and will exclude any further investment, according to a statement on Monday from USS’s main investment manager and adviser.
FREEDOM – WomanScape
When a young Australian radiation oncologist learned she was investing in tobacco, the drug killing her patients and over 8 million people annually around the world, she decided to fight back.
December 2019 Newsletter
In six months, Tobacco Free Portfolios welcomed 19 new Signatories to the Tobacco-Free Finance Pledge bringing the total number of Signatories to 129. These Signatories represent US$8.25 Trillion Assets Under Management and US$2.08 Trillion Corporate Loan Books with Gross Insurance Premiums amounting to US$186 Billion. This newsletter also acknowledges IDLC Finance Limited of Bangladesh –…
Quitting tobacco: See if ESG exclusions hurt performance
Tobacco presents an array of health, ethical and social risks that are well-known and long- studied. This report, drawing on new academic analysis from Maastricht University School of Business and Economics demonstrates that declining returns and growing business threats present a clear and present financial risk for investors in tobacco.
June 2019 Newsletter
2019 saw a dramatic increase in awareness of tobacco-free finance and implementation of new investment frameworks that consistently saw tobacco excluded from portfolios. These decisions are better for human health and better for the planet. Pressure on tobacco companies continued to rise. New anti-tobacco regulations were implemented across the globe (including plain packaging, new tax increases,…
ABP gains €700m from tobacco, nuclear arms divestment
The €409bn Dutch civil service pension fund ABP completed the divestment of €4bn worth of holdings in nuclear arms manufacturers and tobacco producers in 2018.
December 2018 Newsletter
Tobacco Free Portfolios launched the Tobacco-Free Finance Pledge during the UN General Assembly in New York City in September 2018 with 93 Founding Signatories with combined AUM of US$6 trillion. This newsletter features highlights and give thanks to Governments of Australia and France that co-sponsored the event and UN and corporate partners for driving global…
June 2018 Newsletter
2018 started on a high note when in January the Dutch pension giant ABP announced their tobacco-free move. It was a great pleasure to work with ABP in reaching this decision and we were delighted to welcome ABP Trustee Xander Den Uyl to the Tobacco Free Portfolios Global Advisory Council. Other tobacco-free announcements to hit…