Scottish Widows is to divest at least £440million from companies that have failed to meet its environmental, social and governance (ESG) standards,and warned this figure could grow much further if companies do not take action to improve the sustainability of their business practices. The insurer is working with its fund manager partners to begin divesting from firms that pose the most severe investment risk due to the nature of their businesses. Scottish Widows’ new exclusions policy targets companies which derive more than 10% of their revenue from thermal coal and…
Read MoreScottish Widows to divest £440m from companies that pose significant ESG risk
