Canadian investor dumps VedantaFebruary 2011
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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