Victory !
This now makes Hong Kong the third ‘country’ and largest financial centre in the world to divest from tobacco stocks behind Norway. New Zealand and the Province of Alberta..
From: NancyWong@mpfa.org.hk [mailto:NancyWong@mpfa.org.hk]
Sent: 14 March, 2012 14:22
To: James Middleton
Cc: Frederick_WS_YU/FSB/HKSARG%GCN-NOTES@mpfa.org.hk
Subject: Re: MPFA Trustees – investments in tobacco stocks must be divested to comply with the International ratified FCTC Treaty
Dear Mr Middleton,
Thank you for your email of 8 February 2012 and 10 March 2012 expressing your views about MPFA’s compliance with FCTC guidelines in its investments. Our Managing Director Mrs Diana Chan has instructed me to reply on her behalf.
The MPFA does have investments managed by external fund managers and we will ensure that such investments comply with the Guidelines for Implementation of Article 5.3 of the FCTC. In this connection, please be informed that we are making arrangements to divest from tobacco-related investments and will refrain from making such investments.
Thank you for your kind attention.
Regards,
Nancy Wong
Manager
Corporate Affairs Department
Mandatory Provident Fund Schemes Authority
Phone:(852) 2918 0102
Fax: (852) 2259 8806
Email: nancywong@mpfa.org.hk