Public Sector Pensions Must Embrace Ethical Investment
Public sector pensions must embrace ethical investment
Responding to new figures that show the MSP pension fund investing in weapons, tobacco and fossil fuels, Duncan Thorp of Social Enterprise Scotland said:
“All public sector pension funds should find ways to divest from industries that harm people and planet.
“There are many opportunities for these huge pension funds to pro-actively invest in ethical alternatives.
“Innovative social investment is being driven forward by The University of Edinburgh, Triodos Bank, Social Investment Scotland and many others.
“Ethical investment is a powerful way for public sector bodies to demonstrate commitment to their Social Impact Pledge.”
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Notes:
1 Story in The Herald – Call to stop £3m MSP pension fund investments in weapons, tobacco and dirty fuel after poll: www.heraldscotland.com/news/16063941.Call_to_stop___3m_MSP_pension_fund_investments_in_weapons__tobacco_and_dirty_fuel_after_poll
2 List of Social Impact Pledges by Scottish public sector bodies: www.communityscot.org.uk/social-impact-pledge/pledge
3 What is Social Enterprise? Social enterprise is a dynamic and inspiring way of doing business. Social enterprises are innovative, independent businesses that exist specifically for social and/or environmental purposes. Read more here: socialenterprise.scot/our-story/what-is-social-enterprise