Netherlands: ASN Bank Completely Divests from Big Alcohol
Posted November 15 2019Dutch Bank ASN and ASN investment funds no longer invest money from customers in companies that produce alcoholic beverages. The shares and loans from ASN are now alcohol-free. ASN’s divestment from the alcohol industry is complete and comprises the beer, wine and liquor industries. In anticipation of its plans to divest from Big Alcohol, ASN Investment Funds recently sold its investments in French beverage producer Pernod Ricard. ASN also decided to divest from retail stores selling alcohol, at least if the alcohol turnover exceeds 10% of the total turnover…