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Croydon quits tobacco

Croydon quits tobacco.

Croydon Council has decided to switch to an ethical fund excluding tobacco investments.

Councillor John Wentworth, chair of the pensions committee, said investing in tobacco was at odds with the council’s responsibility for public health.

He added: “Having a pension fund that invests in tobacco was very much at odds with our responsibility to protect and improve public health in this borough, and there were clearly a number of concerns about the ethics of doing that.

“Ensuring that the council is a socially responsible investor was a key manifesto pledge for the administration.”

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