LONDON (Reuters) – Universities Superannuation Scheme, Britain’s largest private pension scheme by assets, said it plans to ditch companies in a number of sectors it deems “financially unsuitable” over the long term, including tobacco manufacturing.
Companies which make more than 25% of their revenues from thermal coal and those with ties to controversial weapons including cluster munitions, landmines and white phosphorus will also be excluded, it said in a statement on Monday.
(Reporting by Simon Jessop; editing by Carolyn Cohn)
