Sudden and unexpected, often appearing without previous symptoms or warnings, are terms that appropriately describe the utter shock that some of us feel when we learn after a relatively non-invasive angiogram test that we have a severe artery blockage that put us at high risk of suffering a deadly heart attack or stroke if no…

Back in 2015, in his powerful Encyclical Letter “Laudato Si” or “Praise Be to You”, Pope Francis made a powerful statement, unifying both the spiritual and scientific dimensions of life, on one of humanity’s greatest challenges in the 21st Century: environmental destruction and climate change.

There exists much skepticism about the tobacco industry’s claim that it wants to “unsmoke the world”.[1]  Tobacco control proponents question how much the tobacco industry’s “transition narrative” should be trusted. [2] The history of the tobacco industry provides ample evidence for skepticism, if not outright rejection. While scientific studies demonstrated the negative harms of tobacco use, the tobacco industry…

Tobacco Free Portfolios was pleased to participate in the CAMRADATA Sustainable Investing roundtable to discuss advancing sustainable finance and ensuring products labelled ESG, SDG-aligned or ‘net-zero’ are explicitly tobacco-free. Read more in the CAMRADATA Sustainable Investing Whitepaper.

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.

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.

This study researches the performance of a portfolio excluding tobacco over 20 years and investigated financial results at varying levels of tobacco exclusion. Key takeaways included that portfolios with very strict tobacco exclusions outperformed the market (in a six year study) and an index portfolio without tobacco didn’t underperform the index with tobacco, over the last 20 years.

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.

Analysing the tobacco industry from a political, economic, social and technological perspective, Maastricht University’s report aims to gain a better understanding of the intrinsic value of tobacco stocks in light of all recent potential risk factors by using the technique of scenario analysis. The report suggests significant potential downside risk.