Scottish Widows to dump £440m of company holdings that fail ESG tests.

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Yesterday Scottish Widows,is a subsidiary of Lloyds Banking Group that it is offering product range includes life assurance and pensions announced that to dump £440m related to fail ESG evaluations! I believe that we will see another decision from sovereign funds and pensions funds from Europe, USA and other countries globally. Nowadays, big corporations, sovereign funds, pension funds and other multinational corporate should focus more on ESG compliance and avoid to invest in companies that failing to comply with the ESG principles for responsible investments according to the UN. Below there is an announcement initially published by FT (www.ft.com) and then it was circulated to other online news media.

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The full article is available to the following web link:

https://investorsfreshnews.com/scottish-widows-to-dump-440m-of-company-holdings-that-fail-esg-tests/

 

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