AMP Capital to divest from tobacco, controversial weapons

AMP Capital will divest from approximately $440 million in holdings related to tobacco manufacturers and $130 million in holdings related to manufacturers of cluster munitions and landmines.

AMP Capital has revised its Environmental, Social and Governance (ESG) and Responsible Investment Philosophy, which applies across its business. AMP Capital has decided to exclude companies that manufacture tobacco, cluster munitions, land mines and biological and chemical weapons from its investment portfolio. 

 

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Rachel Alembakis

Rachel Alembakis

Publisher/Editor at The Sustainability Report
Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.
Rachel Alembakis

Author: Rachel Alembakis

Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.

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