Responsible Investment News

Sugar the next target for responsible funds

“UNPRI (the United Nations Principles for Responsible Investment) are starting to raise the issue of sugar. So that is something that we would have to consider down the track, but we don’t today,” Mr Baylis said.

Extending further, Mr Baylis said junk food could similarly become negatively screened, but that it was harder to screen for junk food than it was for sugar.

“To my mind it may well be someone who manufactures and distributes junk food, but how do you define junk food?” he asked

According to Mr Baylis, sugar was more easily defined.

“If you’re selling lots of products which account for over 5 per cent of your revenues which have got high sugar content, maybe that’s how you could approach it,” he said.

Read full article here.