FYI: U.S. institutional investors are increasingly screening out securities tied to tobacco and weapons production, cordoning off $4 trillion of investment assets from the two industries, according to a new study.
The institutions, primarily pension funds and insurers, placed so-called ESG screens against $2.56 trillion of tobacco-related securities, more than doubling the $1.16 trillion that was similarly restricted in 2016, according to findings by US SIF, an organization that promotes sustainable and responsible investing. ESG stands for environmental, social and governance practices.
Regards,
Ted
https://www.wsj.com/articles/more-institutional-investors-say-no-to-tobacco-weapons-1542978000
