As You Sow, a Smokefree Movies partner, released a new report on October 28, 2020:
Smoke & Mirrors: Healthcare company retirement plans are addicted to tobacco
The report uncovers the surprising fact that tobacco firms — and media companies that push tobacco — are embedded in retirement plans at Abbott Laboratories, Becton Dickinson, CVS Health, DaVita, HCA Healthcare, Johnson & Johnson, Pfizer, Tenet Healthcare, and UnitedHealth Group.
Bombshell | In passing, the report also reveals that four of the health care companies with tobacco investments also market treatments for tobacco-related diseases, such as diabetes and lung cancer.
A survey of their product sites identifies these companies as Abbott, Becton Dickinson, Johnson & Johnson and Pfizer. (See details)
Does your portfolio back tobacco? | In its report, As You Sow also screened the top 100 mutual funds in US retirement plans and found that 75 percent invested in tobacco makers (such as Altria) or tobacco promoting media companies (such as Comcast). Analysis found that smokefree funds performed better than tobacco-contaminated funds over the short- and long-term.
At its October 28 release event, report author David Shugar demonstrated AYS’s simple, powerful tobacco screener, free to use online at Tobacco Free Funds. Are you invested in tobacco? It’s a great way to find out — and find alternatives.
International panel | The release event offered a panel of experts on strategies to weaken Big Tobacco and encourage its allies to break free.
Presenters included Phillip Gardiner, Dr. PH, co-chair of the African American Tobacco Leadership Council; UCSF Smokefree Movies’ Jono Polansky; Cathy Rowan, Director of Socially Responsible Investments, Trinty Health; and Dr. Bronwyn King, Australia-based CEO of Tobacco Free Portfolios.
If you missed the event, a recording is available here.
As You Sow | Full report and media release
SFM supplement | Companies treating tobacco diseases while invested in tobacco
This item is cross-posted from a blog post prepared by Jonathan Polansky on the Smokefree Movies blog.