CFS joins list of super funds pledging against tobacco investments
Colonial First State has become a signatory to the United Nations-endorsed Tobacco-Free Finance Pledge, joining the likes of AMP Capital, First State Super and LGS Super.
CFS’ head of investments, Scott Tully, said the fund’s commitment to the pledge was another step taken to support global action on the issue and ensure that members’ funds were invested in ways that had long-term positive environmental and social impacts.
CFS has pledged to no longer hold investments or invest members’ funds in companies associated with the production of tobacco and expected to be fully divested from those positions by 2020.
AUTHOR
Anastasia Santoreneos
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