Asset Allocation
USS Targets Tobacco, Thermal Coal for Divestment, Exclusion
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
Tag: Tobacco
Risk
UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
Risk
Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
UN Launches Tobacco-Free Finance Pledge
Initiative calls on finance industry to tackle ‘tobacco epidemic.’