NZ Super divest from tobacco
NEW ZEALAND - The guardians of the state superannuation fund have decided to divest NZ$37.6m (US$28.2m) of tobacco holdings, to better comply with the fund's responsible investment framework.
Adrian Orr, CEO, New Zealand Superannuation Guardians, said: “While our preferred approach to responsible investment issues is to engage with the company or sector, in the case of tobacco manufacture we...
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