Robeco excludes investments in tobacco from funds

Robeco currently excludes tobacco from its sustainable fund range, exclusion will now be extended to the mainstream Robeco funds, including sub-advised funds

ROBECO is now excluding investments in the tobacco industry from its mutual funds.

Robeco currently excludes tobacco from its sustainable fund range. This exclusion will now be extended to the mainstream Robeco funds, including sub-advised funds. The exclusion does not apply to client-specific funds and mandates.

Robeco, in a recent note, says: “The tobacco industry is increasingly seen as socially disadvantageous. In 2017, the UN Global Compact excluded tobacco companies from participating in the initiative. Although Robeco takes its responsibility as a shareholder seriously and actively engages with companies it invests in, engagement with the tobacco industry will not lead to fundamental change. Therefore, for Robeco, investing in tobacco is no longer compatible with the company’s commitment to SI.”

The exclusion applies to all listed companies that are involved in the production of tobacco or significant components of cigarettes. The process of excluding tobacco stocks will be completed by the end of Q3 2018, according to Robeco.

Date

8 Mar 2018

Channel

Share this article