Scottish Widows to divest £440m from companies failing on ESG

The insurer's new policy is set to benefit around six million UK savers, with exclusions to be applied across the group's life, pension and open-ended investment company funds - including its flagship workplace default - and will apply to index trackers as well as its own active funds. Companies which derive more than 10% of their revenue from thermal coal and tar sands, along with manufacturers of controversial weapons, will be excluded. Violators of the UN Global Compact on human rights, labour, environment, and corruption will also fall under the new exclusions policy, unless the i...