Investments ‘undermine’ anti-smoking gains

Greens senator Richard Di Natale said it was appalling the fund, which was set up to cover federal public service superannuation liabilities, was investing money in a toxic product.

“The Future Fund hides behind vague principals such as ‘engagement’ in order to reassure the community that it encourages good corporate behaviour,” the senator said in a statement issued last week.

“Engagement can be a valuable strategy for improving some corporate activity, but in the case of Big Tobacco it’s just smoke and mirrors.”

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