Home > Uncategorized > MSPs roll up £1m of pension fund in tobacco firms | Herald Scotland

MSPs roll up £1m of pension fund in tobacco firms | Herald Scotland

MSPs roll up £1m of pension fund in tobacco firms | Herald Scotland.

 

Members of the Scottish Parliament are investing their pension funds in tobacco companies through a pooled fund.  A parliament spokesman says the fund complies with the UN Principles for Responsible Investment.  Unfortunately the PRI appears to be in direct conflict with the UN Framework Convention on Tobacco Control, the latter making it crystal clear that tobacco and the term ‘responsible investment’ are incompatible.

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