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One of Canada’s largest SRI asset managers is divesting from Vedanta over its human rights and environmental record.
Northwest and Ethical Investments, which manages assets of C$4.5billion (£4.54bn, $2.9bn, €3.5bn), is ditching the mining giant due to ‘dissatisfaction with company leadership on social, environmental and governance issues’. The move follows similar measures taken against the company – principally in response to its operations in India – by PGGM, the Church of England, the Joseph Rowntree Trust and the Norwegian Oil Fund.
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