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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund gives the flick to tobacco shares

Posted on 01 March 2013

The Future Fund will drop tobacco producers from its investment portfolio. The chairman of the fund’s board, David Gonski, announced on Thursday that primary tobacco producers would be excluded after a review of investments by the board’s governance committee.
”The board noted tobacco’s very particular characteristics, including its damaging health effects, addictive properties and that there is no safe level of consumption,” Mr Gonski said. ”In doing so, the board also considered its investment policies and approach to environmental, social and governance issues.” ……………………………………….Full Article: Source


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