December 2021 Newsletter

There are now 178 Signatories of the Tobacco-Free Finance Pledge from 21 countries representing over US$12.2 trillion in assets under management.

COP26 and Net Zero commitments have dominated the sustainable finance landscape of late. Given the profoundly negative impact of tobacco on the environment – in terms of ocean plastic, deforestation, biodiversity loss and carbon footprint (as large as entire countries – like Israel or Peru), many financial institutions have found it helpful to consider ‘tobacco-free’ as a foundational step on the much longer and more complex journey towards achieving Net-Zero.