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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Greens slam public service fund on tobacco

Posted on 16 October 2012

The Australian Greens say the Future Fund is hiding behind “sham” practices to justify its investment in the shares of tobacco companies. Greens senator Richard Di Natale said it was appalling that the fund, which was set up to cover federal public service superannuation liabilities, was investing money in a toxic product.
“The Future Fund hides behind vague principals such as ‘engagement’ in order to reassure the community that it encourages good corporate behaviour,” the senator said in a statement issued Tuesday………………………………………..Full Article: Source


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