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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Super fund is giving up on cigarettes

Posted on 10 January 2013

The superannuation fund for health and community services workers has become the latest fund to dump its investments in tobacco. The chief executive of the Health Employees Superannuation Trust Australia (HESTA), Anne-Marie Corboy, confirmed the fund had started removing tobacco investments from its portfolios, following a decision by the fund’s board late last year.
Ms Corboy said she expected the fund, which has more than 750,000 members, to have sold all tobacco investments by April………………………………………..Full Article: Source


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