{"id":39122,"date":"2023-10-27T18:41:59","date_gmt":"2023-10-27T22:41:59","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=39122"},"modified":"2023-10-30T13:27:11","modified_gmt":"2023-10-30T17:27:11","slug":"tobacco-free-portfolios-celebrate-5th-anniv-of-the-tobacco-free-finance-pledge","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/tobacco-free-portfolios-celebrate-5th-anniv-of-the-tobacco-free-finance-pledge\/","title":{"rendered":"Tobacco Free Portfolios Celebrate 5th Anniv. of the Tobacco-Free Finance Pledge"},"content":{"rendered":"<div class=\"landing-links\"><a href=\"\/\">&gt;&gt; Back to November 2023 Issue<\/a><\/div>\n<div><\/div>\n<div>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2023\/10\/Tobacco-Free-Portfolios_logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-39171\" src=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2023\/10\/Tobacco-Free-Portfolios_logo.png\" alt=\"Tobacco Free Portfolios_logo\" width=\"400\" height=\"95\" srcset=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2023\/10\/Tobacco-Free-Portfolios_logo.png 400w, https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2023\/10\/Tobacco-Free-Portfolios_logo-300x71.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a>Tobacco Free Portfolios recently celebrated the 5-year anniversary of the Tobacco-Free Finance Pledge at a high-level side event at UN Headquarters in September 2023, on the sidelines of the 2023 UN General Assembly. The event was proudly co-sponsored by the governments of France, The Netherlands and Jamaica, and supported by the United Nations\u2019 Environment Program Finance Initiative, the UN supported Principles for Responsible Investment and the UN Principles for Responsible Banking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The theme for the side event is <\/span><b><i>\u2018There\u2019s No Room for Tobacco in a Net Zero World\u2019<\/i><\/b> <span style=\"font-weight: 400;\">on account of Big Tobacco\u2019s outsized negative impact on both people and the planet. Global health, finance and diplomatic leaders will celebrate the progress of the Tobacco-Free Finance Pledge. There are now 200+ leading financial institutions, from more than 20 countries, with &gt;US$16 trillion combined assets under management that are Signatories to the Pledge. Recent notable Pledge Signatories include France\u2019s Soci\u00e9t\u00e9 G\u00e9n\u00e9rale; Australia\u2019s Commonwealth Bank of Australia and ANZ; and AIMCo, one of Canada\u2019s largest pension plans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given worldwide focus on Net Zero ambitions combined with tobacco\u2019s alarming environmental impacts, Tobacco Free Portfolios encourages investors to embed \u2018tobacco-free\u2019 into Net Zero strategies. To illustrate the rationale, cigarette filters, made from cellulose acetate, are the most littered item on the planet and a top contributor to ocean plastic waste. It\u2019s also estimated that the production of tobacco leads to ~5% of global deforestation and results in vast carbon emissions.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Quotes:\u00a0<\/span><\/h2>\n<p><b>Prof Bronwyn King<\/b><span style=\"font-weight: 400;\">, CEO, Tobacco Free Portfolios<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe past five years has seen the rapid mainstreaming and acceleration of sustainability efforts, along with a rise in greenwashing allegations. The Tobacco-Free Finance Pledge speaks to authentic sustainability commitments, that recognize the crucial role of finance in the global transition to a Net Zero future.\u201d<\/span><\/i><\/p>\n<p><b>Dr. Tedros Ghebreyesus<\/b><span style=\"font-weight: 400;\">, Director-General, World Health Organization<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cEvery dollar invested in a tobacco company is an investment in death and disease. We must fight tobacco on every front \u2013 in kiosks, on billboards, in the courts \u2013 and on the financial markets.\u201d<\/span><\/i><\/p>\n<div class=\"visibility-wrapper-970-to-300\">\n<div id=\"div-gpt-ad-1652553476095-0\"><script>\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1652553476095-0'); });\n<\/script><\/div>\n<div id=\"div-gpt-ad-1622053269469-0\" class=\"ad-float-left\"><script>\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053269469-0'); });\n<\/script><\/div>\n<\/div>\n<p><b>Minister Aur\u00e9lien Rousseau<\/b><span style=\"font-weight: 400;\">, Minister of Health and Prevention, France<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cIt is my conviction that the environmental dimension constitutes one of the key pillars in the fight against smoking. This is clearly the case with disposable electronic cigarettes, which we plan to ban from sale in France. Highly popular with young people, they are a rapid route to nicotine addiction. Besides, their components, particularly the lithium batteries, are totally at odds with our objectives in the fight against pollution.\u201d<\/span><\/i><\/p>\n<p><b>Mrs. Marjolijn Sonnema<\/b><span style=\"font-weight: 400;\">, Director General for Public Health, The Netherlands<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe mission of the Tobacco-Free Finance Pledge is more critical than ever, especially in light of the rising vaping epidemic among youth. The Netherlands stands ready as an important partner, to work towards a sustainable healthy future.\u201d<\/span><\/i><\/p>\n<p><b>Dr. The Hon Minister Christopher<\/b><span style=\"font-weight: 400;\"> Tufton MP, Minister of Health and Wellness, Jamaica<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cJamaica remains committed to investing in tobacco control, for the protection of human health as well as the health of the environment. The 15-year period return on investment for tobacco interventions show that for every dollar invested in tobacco control in Jamaica, one can expect to see 5.37 Jamaican dollars return. We are keen to solidify those gains. Jamaica also encourages the continued engagement and partnership of players from the finance sector in supporting the transition to a net zero world in which tobacco has no place.\u201d<\/span><\/i><\/p>\n<p><b>Mr. Jean-Yves Fillion<\/b><span style=\"font-weight: 400;\">, Vice-Chair BNP Paribas, USA<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cBNP Paribas is proud to be a Founding Signatory of the Tobacco-Free Finance Pledge, which is now successfully celebrating its fifth year. Beyond the health implications, a tobacco-free world is instrumental to abate healthcare costs and global environmental harm.\u201d<\/span><\/i><\/p>\n<p><b>Mr. St\u00e9phane About<\/b><span style=\"font-weight: 400;\">, CEO Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, USA<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe concepts of responsibility and sustainability are at the core of our strategy. Being a signatory of the Tobacco-Free Finance Pledge and supporting this event are symbolic of our commitment to improving the health of the people on this planet, as well as the health of the planet itself.\u201d<\/span><\/i><\/p>\n<p><b>Mr. Shayne Elliot<\/b><span style=\"font-weight: 400;\">, CEO ANZ<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cANZ acknowledges the important role that financial institutions can play in addressing global health priorities, including the harmful impacts of tobacco products. For this reason, ANZ is proud to sign the Tobacco-Free Finance Pledge and pleased to offer our continued support to this important initiative.\u201d<\/span><\/i><\/p>\n<p><b>Attorney General Rob Bonta<\/b><span style=\"font-weight: 400;\">, Attorney General of the State of California<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;The dangers of smoking to both people and our environment are undeniable. Thanks to initiatives like the Tobacco-Free Finance Pledge, we&#8217;re helping to mitigate those dangers around the world by better deploying the power of investments. There&#8217;s still progress we need to make, and as Attorney General of the state with the fifth largest economy in the world, I look forward to continuing to help in any way that I can.&#8221;<\/span><\/i><\/p>\n<p><b>Mr. David Atkin<\/b><span style=\"font-weight: 400;\">, CEO, Principles for Responsible Investment<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cAt PRI we\u2019re proud to support the Tobacco-Free Finance Pledge and to see the strong progress the initiative has made over the past five years, with more than 200 financial institutions becoming signatories. As an issue that spans both the social and environmental spectrum, the role investors can play is clear as is the realization that a net-zero future must also be one that is tobacco-free.\u201d<\/span><\/i><\/p>\n<div id=\"div-gpt-ad-1622053479374-0\" class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053479374-0'); });\n<\/script><\/div>\n<p><b>Ms. Yolonda C. Richardson<\/b><span style=\"font-weight: 400;\">, President and CEO, Campaign for Tobacco-Free Kids<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe tobacco industry has caused immeasurable damage to the health and well-being of millions of people around the world, as well as the environment. The Campaign for Tobacco-Free Kids is proud to work with Tobacco Free Portfolios and other partners to hold the industry accountable and end the enormous harm it causes.\u201d<\/span><\/i><\/p>\n<p><b>Rev. Horace L. Sheffield III,<\/b><span style=\"font-weight: 400;\"> Executive Director of the Detroit Association of Black Organizations &amp; Pastor at New Destiny Christian Fellowship Church<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;With 8 million tobacco-related deaths per year, we cannot turn a blind eye to the fact that tobacco companies have been causing devastating harm to people and the environment for far too long. It is time for the community to recognize the grave consequences of tobacco and take action toward divesting from this industry. We need to unequivocally say that there is no room for tobacco in this vision of a net-zero world.\u201d<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Tobacco Free Portfolios<\/b><\/p>\n<p><a href=\"https:\/\/tobaccofreeportfolios.org\/\"><span style=\"font-weight: 400;\">Tobacco Free Portfolios<\/span><\/a><span style=\"font-weight: 400;\"> is a not-for-profit organization that encourages financial institutions to reflect on and reconsider commercial relationships with the tobacco industry in light of the alarming impact of tobacco on people and the planet. The organization\u2019s flagship initiative, the Tobacco-Free Finance Pledge, launched in 2018 at United Nations\u2019 Headquarters and currently has 200+ signatories, representing &gt;US$16 Trillion in AUM committed to tobacco-free finance. Our aim is to create a tobacco-free future.<\/span><\/p>\n<p><strong>Tobacco Free Portfolios Foundation<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">EIN: 84-3103450<\/span><\/p>\n<p><span style=\"font-weight: 400;\">99 Wall Street #604, New York NY 10005<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-weight: 400;\">Given worldwide focus on Net Zero ambitions combined with tobacco\u2019s alarming environmental impacts, TFP encourages investors to embed \u2018tobacco-free\u2019 into Net Zero strategies. Cigarette filters are the most littered item on the planet and are a top contributor to ocean plastic waste. Tobacco production leads to deforestation and vast carbon emissions.<\/span><\/p>\n","protected":false},"author":3,"featured_media":39168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[384],"tags":[125,135,136,134],"class_list":["post-39122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-2023-green-building-and-energy","tag-additional-articles","tag-energy-climate","tag-impact-investing","tag-sustainable-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tobacco Free Portfolios Celebrate 5th Anniv. of the Tobacco-Free Finance Pledge - Green Money Old version<\/title>\n<meta name=\"description\" content=\"Tobacco Free Portfolios recently celebrated the 5-year anniversary of the Tobacco-Free Finance Pledge at a high-level side event at UN Headquarters in September 2023, on the sidelines of the 2023 UN General Assembly. 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