Tobacco: No Ifs, No Butts - the importance of ESG in client portfolios

The Old Library, Lloyd's
Thursday, 26 March 2020
1:10 pm – 1:55 pm
    • Dr Rachel Melsom MBBS, BSc, Director UK & Europe, Tobacco Free Portfolios (Practising Physician, Elderly Care, Western Sussex Foundation Trust)
  • Financial Services lecture

In this IIL financial services lecture Dr Melsom will talk about the negative financial, social, environmental and health impacts of tobacco, the rationale and various lenses, including ESG, through which to review investment in tobacco, and propose a framework for review.

Rachel will talk about tobacco being the single largest cause of preventable deaths globally, and how we are on track for 1 billion deaths this century. Rachel will also talk about how the negative financial, social, environmental and health impact of tobacco is being increasingly recognised by the finance sector, and that tobacco’s inclusion as an investment is increasingly under review as the importance of ESG factors (Environmental; Social; Governance) becomes clear. A framework is featured to enable this review.

She will provide clear examples of the impact of regulation, litigation, consumer pressure and global impact on share price performance and company behaviour, debunking the sustainability myth, the tobacco companies are keen to promote, and focus on the Sustainable Development Goals. In conclusion, Dr Melsom will provide examples of leading organisations in the finance sector – across insurance, asset management, pension funds and banks who have moved to tobacco-free finance.

By the end of this lecture members would have gained an insight into:

  • The increasing financial risk associated with ongoing investment in tobacco companies
  • Incorporating ESG - and the negative impact tobacco has on achieving 14 of the 17 UN Sustainable Development Goals
  • A framework to initiate a review of investment

Chair: TBC.

Venue
  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to CII and PFS members
CII and PFS members must register online by 2pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport

Conditions:

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Contact:
Please contact Allison Potts (020 7397 3914) or Edward Walker (020 7397 3915) with any queries regarding the CPD events programme.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.