tobacco-stocks-report_nov2018.pdf
(880.32 KB, PDF)
… 31st to Scenario III outcome 3% revenue growth 1.5% revenue growth 4% revenue decrease 5% revenue decrease Regulatory action stalls Divestment continues Increased costs, restricted investment opportunities All scenario III assumptions Investors keep buying Legal action stalls in developing world Lobbying prevents supply side restrictions 5% increase in costs British American Tobacco £48.19 £35.49 £50.60 £35.34 £21.29 £12.36 -55.8% Imperial Brands £28.98 £26.87 £92.57 £49.15 £20.75 £ - -28.4% … to UN conventions. The firm will also consider the extent to which the relevant activity, product or service is material to the conduct of the company in which the investment is to be made. For a fuller overview of AMP Capital’s framework please visit: www.ampcapital. com/europe/en/capabilities/ responsible-investment/ ethical-framework The Tobacco Free Portfolios suggested framework can be found in the Tobacco Free Portfolios Toolkit, section 3. https://tobaccofreeportfolios.org/ … exclusive/exclusive-with-roman-law-doctrine- india-moves-to-stub-out-tobacco-industry-rights- idINKBN1FJ01M 21. https://en.wikipedia.org/wiki/List_of_smoking_bans 22. www.robeco.com/media/8/f/ e/8feb940c3c95cd35871712e6cae88f44_sin-stocks- revisited-resolving-the-sin-stock-anomaly_tcm21-9602.pdf 23. www.msci.com/www/blog-posts/ quitting-tobacco-stocks-without/01135038467 24. https://tobaccocontrol.bmj.com/content/ early/2017/01/04/tobaccocontrol-2016-053305 25. …