french insurer axa pulls out of tobacco industry
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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French insurer Axa pulls out of tobacco industry

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Themuslimchronicle, themuslimchronicleFrench insurer Axa pulls out of tobacco industry

France's biggest insurance group AXA
Paris - Arab Today

France's biggest insurance group AXA said Monday it was pulling out of the tobacco industry, divesting about 1.8 billion euros ($2.0 billion) of assets in the sector as part of the fight against smoking.

"With this divestment from tobacco, we are doing our share to support the efforts of governments around the world," Thomas Buberl, Axa's deputy chief executive, said in a statement. "This decision has a cost for us, but the case for divestment is clear: the human cost of tobacco is tragic; its economic cost is huge."

 
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french insurer axa pulls out of tobacco industry french insurer axa pulls out of tobacco industry

 



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