The coronavirus pandemic is already strengthening the case for responsible investing

Since the outbreak started, companies that score highly on environmental, social and governance issues have outperformed the rest - that trend will be more pronounced once the disease is under control

Tuesday 02 June 2020 07:29 BST
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Sustained pressure from campaigners and shifting public opinion has made policymakers act - large investors will follow
Sustained pressure from campaigners and shifting public opinion has made policymakers act - large investors will follow

The UK's largest private pension manager has said it will stop investing in tobacco, controversial weapons and thermal coal because it has found these sectors to be "financially unsuitable" in the long term.

With some £70bn assets under management for hundreds of thousands of higher education workers, the Universities Superannuation Scheme (USS) said it has reassessed the long-term future of a number of sectors.

That includes firms that make weapons which cause excessive and disproportionate harm to civilians like cluster munitions, white phosphorus and land mines.

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