British American Tobacco
Scotland’s largest council pension funds have around £230m invested in Western companies continuing to operate in Russia almost a year after Putin’s invasion of Ukraine.
Westminster and Holyrood “must up their game” to prevent tobacco firms influencing public health policies, say researchers.
The pension fund for Scotland’s MSPs has invested over £100,000 in a Taiwanese company blamed for mass suicides at its iPhone factories - as well as in Russia, weapons, fossil fuels and tobacco.
The Institute of Economic Affairs has been accused of “pumping seemingly paid-for propaganda” on tobacco, oil and tax havens into schools.
Despite pledging to invest ethically, Scottish universities still have shares worth millions in arms, fossil fuels and tobacco companies.