AMP divests from tobacco securities
The divestment follows the introduction of a new ethical framework, announced by AMP Capital in March 2017, which included the decision to divest from tobacco securities across all equity and fixed income holdings.
In addition to the landmark divestment, AMP Capital has become a founding signatory of the Tobacco-Free Finance Pledge launched at an event at the United Nations General Assembly in New York.
The pledge marks a global movement that promotes the adoption of tobacco-free finance policies within financial services and has been developed in line with the United Nations’ Sustainable Development Goals and the World Health Organisation Framework Convention on Tobacco Control.
AMP Capital collaborated with Tobacco-Free Portfolios, United Nations agencies, and global peers in the financial services industry to develop the pledge, bringing its experience in ethical investment and demonstrating that strategies toward tobacco-free finance do exist for large commercial organisations.
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