Lannebo excludes all controversial industries from fund portfolios

Swedish fund company Lannebo Fonder will no longer invest in controversial industries like arms and tobacco. The decision applies to all of its funds and follows a gradual retreat from several non-sustainable industries over the past few years.

Photo: Lannebo Fonder/PR/©Hans Alm

Lannebo Fonder has decided to clear out all investments in a large number of controversial industries with immediate effect, according to an announcement from the Swedish fund company.

"For a long time, Lannebo has peeled off companies in sectors with high sustainability risks. Now we are going all the way and are leaving the following industries behind completely: arms, alcohol, tobacco, games, pornography, cannabis, oil, coal and gas," says Lannebo's sustainability manager, Maria Nordqvist, in the announcement.

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