Scottish Widows says that it is going to divest £440M from companies that are not achieving certain environmental or ethical standards. Compared with the billions of invested pounds that the company manages that seems like a minor drop in the ocean but I suppose they have to start somewhere. There's also a rather worrying get-out-of-jail clause whereby SW may retain investments if it thinks it can influence positive change in the relevant companies' business models. Hmm! The proof of the pudding as they say ...........
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