Should Philip Morris International Be Your Next ESG Investment?
Philip Morris International (NYSE: PM) isn't going to be found on the buy list of any ESG investment fund. In fact, based on the percentage of global equity funds that own the stock, financial advisor site WealthManagement.com identifies the tobacco giant as the company blacklisted the most by ESG funds.
Yet despite cigarette companies generally being viewed as the antithesis of environmental, social, and governance investing, maybe when it comes to Philip Morris International, it's time that view is revisited.
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Source Fool.com
