EbeneInfo – GB – Scottish widows put on a green cape to abandon risky investments

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One of Britain’s biggest pension providers is abandoning hundreds of millions of pounds of investments in companies that fail to meet its standards and governance standards

Scottish Widows has started the process of divesting £ 440million from its stakes in companies which it says present « the most serious investment risk » He warned that figure could rise « much more If other boards did not take action to improve their business practices

This is the latest evidence the City is starting to take issues like climate change more seriously Blackrock, the world’s largest fund manager, has excluded some coal companies from its funds, while Norges Bank, which oversees the trillion dollar Norwegian oil fund, recently sold its stakes in Glencore and Anglo

Scottish Widows, environmental, social and corporate governance, divestment, retirement, Lloyds Banking Group, Finance

EbeneInfo – GB – Scottish Widows puts on a green cape and abandons risky investments

Source: https://www.thetimes.co.uk/article/scottish-widows-dons-green-cloak-with-move-to-drop-risky-investments-thqxxgkhp

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