Can a tobacco company ever be ESG friendly?

Analysis of Philip Morris deal

clock • 3 min read
What will it take for Philip Morris to be considered an ESG stock?
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What will it take for Philip Morris to be considered an ESG stock?

Tobacco company Philip Morris International (PMI) is raising eyebrows as it edges ever closer to its acquisition of UK inhaler maker Vectura and investment experts are divided about the future of the company from an ESG perspective.

"If one was cynical, one could say this is a move to greenwash over the less desirable areas of the business," said Miranda Beacham, head of ESG for equities & multi asset at Aegon AM. Whether one is...

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