Dislike! Sustainable Fund Says Dump Facebook (Bloomberg)

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No responsible investor should own Facebook Inc. shares, according to the head of sustainable investing at the biggest bank in the Nordic region. That’s an unjustifiable overreaction.

Sasja Beslik, who runs Nordea Bank AB’s sustainable finance unit, made the call to divest this week after Cambridge Analytica used data from as many as 87 million users of the social network without their knowledge or permission. He had already put the shares in “quarantine” in March.

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Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been awarded ‘A+’ and ‘A’ ratings by the United Nations Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investing, as part of the organisation’s 2020 Assessment Reports for signatories.

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