ESG funds hold US$13.4 billion in companies that supply tech and weapons to Myanmar military


YANGON, March 11 (Bloomberg): Hundreds of ESG funds run by some of the world’s biggest money managers have a combined $13.4 billion stake in companies that supply weapons and technology to the Myanmar military, according to a report.

The funds, which say they take into account environmental, social and governance risks, have investments across 33 companies that the United Nations and two advocacy groups say provided weapons, communications and technologies to the military, Inclusive Development International and ALTSEAN-Burma said in a report released to the media.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Man, 21, arrested after allegedly attacking GrabFood delivery rider in Marsiling
South Korea’s court pushes ahead with hearing despite Yoon’s repeated refusal
SingPost’s dismissal of three senior execs ‘unprecedented’; shareholders seek more details
Soccer-Thohir determined to take 'sleeping giants' Indonesia back to World Cup
Malaysia and eight others to be BRICS partners from Jan 1
FBM KLCI up in early trade, tracking Wall Street gains
Ringgit edges higher against US dollar despite stronger dxy
Malaysian actress Lin Min Chen on filming at a real haunted location in HK
Seven killed, including baby, in Alor Gajah multi-vehicle crash
Ex-emperor Akihito marks 91st birthday

Others Also Read