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Tobacco
According to the World Health Organisation more than 8 million people die an early death each year due to smoking related diseases, including 1.3 million non-smokers exposed to second hand smoke. Cancer, stroke and heart disease are the major tobacco related causes of death, creating a significant cost to health systems, as well as the environment. In Australia 8.3% of people aged 14 and over smoked daily in 2022-2023, down from 24% in 1991. Meanwhile the use of e-cigarettes is on the rise with 7% of people using "vapes" in 2022-23, although among young people aged 18-24 it was 21%.
Most funds on ESGcheck exclude tobacco - either fully or partially. Most funds exclude tobacco growing, and cigarette production, while some permit limited investment in related sectors and service industries such as distribution or packaging.
FundsInsights
22 May 2024The Ethical Implications of Investing in the...ESGCheck
Investing in the tobacco industry presents a significant moral dilemma for investors. This article explores the ethical implications of such investments, considering the health, environmental, and social costs associated with the tobacco sector. It also examines why many investors choose to avoid this industry despite its historical profitability.
10 Apr 2024ESG and RI: Beauty is in the eye of the beholderESGCheck
One of the most significant trends impacting managed funds and investment management has been the trend towards ESG - otherwise known as Environmental, Social & Governance, or more broadly, RI or Responsible Investment. According to some sources - particularly those who are strong advocates of the cause - 83% of investors consider ESG or RI to be a significant factor in their invest decision or choice of a managed fund. That may well be the case, but finding funds that meet an individual investor's requirements is anything but simple.
Tobacco
