AP4 hails financial benefit of tobacco divestment (IPE)

AP4 hails financial benefit of tobacco divestment (IPE)

Sweden’s AP4 – one of the country’s four main national pensions buffer funds – has said deciding not to invest in tobacco companies has boosted its financial results.

The SEK367bn (€35.7bn) pension fund said it took the business decision not to invest in tobacco companies in 2016, because it assessed that rising long-term risks would adversely affect the tobacco companies’ valuations in the future.

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