Tobacco-Free Finance

Tobacco-Free Finance Pledge

 

Currently, The Pledge has 75 Founding Signatories and 30 Supporters

 

They represent USD $6.82 trillion – comprised of:
  • Corporate Loan Book $1.73 trillion
  • AUM $5.04 trillion
  • Gross Premiums $46.57 billion

 

1. Background

Addressing the financing of tobacco companies—across lending, insurance and investment—is essential to comprehensive global tobacco control efforts. The finance sector can play a positive role in addressing global health priorities, such as the tobacco epidemic.

With seven million deaths worldwide each year and a forecast of one billion deaths this century due to tobacco-related illnesses, global and multi-stakeholder collaboration is needed to tackle the devastating impact of tobacco on society, as well as on the environment.

The Tobacco Free Finance Pledge recognises the significance of:

 

 

 

 

 

 

 

 

It builds on key global finance initiatives such as the Investor Statement in Support of World No Tobacco Day, produced in 2017 by the UN-supported Principles for Responsible Investment (PRI), UN Environment’s Principles for Sustainable Insurance (PSI), and Tobacco Free Portfolios.

 

 

2. The Tobacco-Free Finance Pledge objectives

The objectives of the Tobacco-Free Finance Pledge are to:

  • Highlight the leadership of financial institutions that have implemented tobacco-free finance policies and encourage others to follow suit.
  • Encourage the finance sector to play an active role in addressing global priorities, as outlined in the United Nations’ Sustainable Development Goals, including SDG 3 Health and Well-Being and SDG 17 Partnerships for the Goals, in addition to the World Health Organization Framework Convention on Tobacco Control.
  • Raise awareness among financial institutions of the essential role the finance sector must play to assist effective tobacco control and to ensure a tobacco-free world.
  • De-normalise financial and corporate associations with tobacco companies.
  • Encourage financial institutions to reflect on and reconsider their business relationships with the tobacco industry in light of the global tobacco epidemic.
  • Encourage the transition towards tobacco-free finance policies.
  • Prioritise tobacco on the corporate agenda as a product and industry distinct from any other with no safe level of use and no opportunity for effective engagement.

all logos

Download the Tobacco-Free Finance Pledge.

 

3. Who should sign the Tobacco-Free Finance Pledge?

Signatory organisations

  • Financial institutions:
    • Banks, pension and superannuation funds, insurance and reinsurance companies and intermediaries, sovereign wealth funds, investment managers, asset consultants and advisors.
  • Philanthropic foundations:
    • Corporate, private and family foundations.
  • University endowments.
  • Other organisations participating in lending, insurance or investment and not noted in the sub-categories mentioned above.

To become a signatory to the Pledge click here.

4. Who should support the Tobacco-Free Finance Pledge?

Supporting institutions

  • Banking, insurance and investment associations, institutes and initiatives; financial regulatory and supervisory authorities; civil society organisations; and other institutions that work with the finance sector

To become a supporting institution to the Pledge click here.

 

5. Founding Signatories and Founding Supporters

See all signatories

Signatory organisations and supporting institutions include:

ABN AMRO (Netherlands)
ACTIAM (Netherlands)
Action on Smoking and Health (USA)
Aegon (Netherlands)
Affirmative Investment Management (United Kingdom)
Altius Asset Management (Australia)
AMP Capital (Australia)
AP4 (Sweden)
ASH Scotland (United Kingdom)
ASR (Netherlands)
Australian Council on Smoking and Health (Australia)
Australian Ethical Investment (Australia)
AustralianSuper (Australia>
Avaron Asset Management (Estonia)
AXA Group (France)
AXYLIA (France)
Bennelong Funds Management (Australia)
BNP Paribas (France)
BNP Paribas Asset Management (France)
BNP Paribas Cardif (France)
BT Financial Group (Australia)
BT Funds Management (NZ) Limited (New Zealand)
Campaign for Tobacco-Free Kids (USA)
Canberra ASH (Australia)
Cancer Research UK (United Kingdom)
Cancer Society of Finland (Finland)
Candriam (Belgium)
CareSuper (Australia)
Castle Hall
Cbus Super (Australia)
Christian Super (Australia)
Church Commissioners for England (United Kingdom)
Crescent Wealth (Australia)
Danish Cancer Society (Denmark)
Domini Impact Investments LLC (USA)
Drug Fight Malawi (Malawi)
EAST CAPITAL (Luxembourg)
Equipsuper (Australia)
Eurosif (Belgium)
FINV.mx (Mexico)
First State Super (Australia)
Folksam (Sweden)
Fonds de Réserve pour les Retraites – FRR (France)
Fortescue Metals Group Limited (Australia)
Framework Convention Alliance for Tobacco Control (Switzerland)
Future Super (Australia)
Future-Fit Foundation (United Kingdom)
Generation Investment Management (United Kingdom)
Global Center for Good Governance in Tobacco Control (GGTC) (Thailand)
Global Challeges Foundation (Sweden)
Global Courage (Singapore)
Global Impact Initiative (Australia)
GuildSuper (Australia)
Hartstichting (Netherlands)
HESTA (Australia)
ING Groep N.V. (Netherlands)
International Union Against Tuberculosis and Lung Disease (The Union) (France)
La Banque Postale (France)LA BANQUE POSTALE ASSET MANAGEMENT (France)
La Trobe University (Australia)
Local Government Super (Australia>
LUCRF Super (Australia)
Lægernes Pension (Denmark)
Madden Sainsbury Foundation (Australia)
McGill University (Canada)
Minderoo Flourishing Oceans Initiative (Australia)
Minderoo Foundation Pty Ltd (Australia)
National Reinsurance Corporation of the Philippines (Philippines)
Natixis (France)
NCD Alliance (Switzerland)
NGS Super (Australia)
NN Group (Netherlands)
Norwegian Cancer Society (Norway)
OFI AM (France)
OPTrust (Canada)
OxySwitzerland (Switzerland)
Pax World Funds (USA)
Perspective Investments (Cayman Islands)
Rabobank (Netherlands)
Responsible Investment Association (Canada)
Robeco (Netherlands)
RobecoSAM (Switzerland)
Sandy Lachapelle planificatrice financière (Canada)
SKAGEN AS (Norway)
Skandia (Sweden)
Stephen Whipp Financial, Leede Jones Gable Inc. (Australia)
Stewart Investors (United Kingdom)
Sustainable Platform (Australia)
TobaccoFree Research Institute Ireland (Ireland)
Trilogy Global Advisors, LP (USA)
Tundra Fonder (Sweden)
Unfairtobacco (Germany)
United Nations Joint Staff Pension Fund (USA)
Van Lanschot Kempen (Netherlands)
VBDO (Netherlands)
VERKA VK Kirchliche Vorsorge VVaG (Germany)
VicSuper (Australia)
Victorian Health Promotion Foundation (VicHealth) (Australia)
Vital Strategies (USA)
Westpac NZ Ltd (Australia)
Wingate Asset Management (Australia)
World Federation of Public Health Associations (Switzerland)
World Heart Federation (WHF) (Switzerland)
Zuper (Australia)

6. Tobacco-Free Finance Pledge Launch event: UN General Assembly week, New York, September 2018

The launch  is co-sponsored by the Government of Australia and the Government of France.

Limited places are available to the PRI network to attend the Tobacco Free Finance Pledge Launch event.

Event Details
            Wednesday, 26 September 2018
            8:00am – 9:30am
            UNHW Conference Room 2

RVSP deadline: 17 September 2018

To RSVP for this event, complete the Attendee Information Form and email to: admin@tobaccofreefinancepledge.org
Note: the name/s provided on your form must match exactly to those documented on your passport.

Link to Invitation
Link to Attendee Information Form

 

7. Contact

To learn more about the Tobacco-Free Finance Pledge, please contact: tobacco-free-finance@unepfi.org

8. Reference materials and links

UN Information Tobacco-Free Finance Articles and Videos Recent Tobacco-Free Announcements
Investor Statement in Support of World No Tobacco Day 2017 (see press release)
WHO Framework Convention on Tobacco Control
UN Sustainable Development Goals
17th World Conference on Tobacco or Health Declarations
Smoking Out Big Tobacco, HopeChannel (Apr 18)
Interview Bronwyn King and Denis Duverne at 17th World Conference on Tobacco or Health (Money Talks – unleashing the power of the finance sector in global tobacco control) (Mar 2018)
Cancer spreading like bushfire across India, The Sunday Guardian (Feb 2018)
Tobacco-Free Investment: Harnessing the power of the finance industry in comprehensive tobacco control, QUT Law Review (Nov 2017)
– Why your fund should be tobacco-free, Keith Ambachtsheer (Oct 2017)
TEDx Sydney, Dr. Bronwyn King (Jun 2017)
Aegon
ABN AMRO
AMP Capital
BNP Paribas Asset Management
BNP Paribas
BNZ
BT Super
FRR
Guild Super
Ircantec
Mercer
Natixis
NN Group
OP Trust
Ostrum
PGB
PME

Latest news

see all news

Signatory companies & Supporting institutions