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

Online event
Thursday, 01 October 2020
1:00 pm – 2:00 pm
    • Dr Rachel Melsom MBBS, BSc, Director UK & Europe, Tobacco Free Portfolios (Practising Physician, Elderly Care, Western Sussex Foundation Trust)
  • Financial Services webinar

In this IIL financial services webinar, Dr Rachel Melsom discussed the negative financial, social, environmental and health impacts of tobacco, the rationale, and various lenses, including environmental, social and governance (ESG), through which to review investment in tobacco, and propose a framework for review – for more information you are invited to contact Dr Melsom at rm@tobaccofreeportfolios.org

Tobacco is the single largest cause of preventable death globally. We are on track for one billion deaths this century.

The negative financial, social, environmental and health impact of tobacco is increasingly recognised by the finance sector, and tobacco’s inclusion as an investment is increasingly under review as the importance of ESG factors becomes clear.

Dr Melsom’s webinar included a framework to enable a review and clear examples of the impact of regulation, litigation, consumer pressure and global impact on share price performance and company behaviour. It debunked the sustainability myth the tobacco companies are keen to promote and focus on the Sustainable Development Goals. She included 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 webinar 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

Venue
  • Online event

Booking information:

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).

CII Accredited

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

1 hour's 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.