Research / Reports
The Tobacco Report
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: Reviewing the Growing Financial Risks
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.
The Future of Tobacco Stocks – A Scenario Analysis
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.
Webinars / Videos
For World No Tobacco Day 2020, Tobacco Free Portfolios together with the United Nations Environment Programme Finance Initiative and Principles for Responsible Investment co-hosted a high-level webinar to showcase progress in attracting new signatories to the Tobacco-Free Finance Pledge.