Plaid Cymru AM, Leanne Wood makes a strong case for the Assembly Member’s pension fund trustees to change their investment strategy to one with a more ethical stance. The Western Mail reports:
The South Wales Central AM was alarmed to learn that Baillie Gifford Life Ltd, which manages the pension fund, was investing in several companies she said were not in line with the Assembly policies.
She said: “ The smoking ban was introduced in Wales early because the Assembly sees smoking as a serious public health issue.”
Ms Wood also questions whether the fund should be linked to investments in biotechnology company Monsanto, a world leader in genetically modified crops.
In May 2000 the Assembly voted unanimously for a restrictive policy against GM crops.
She is further concerned about investments in overseas mining companies that have been criticised by environmental lobby groups.
Ms Wood said: “This Assembly has made some fantastic statements on the environment backed up with good action. Yet we are investing in companies that run counter to those policies.”
There are two Plaid Cymru members on this board of trustees, Dafydd Wigley and Mohammed Ashgar. Do they agree with Leanne? Have they raised the same issues? What discussions has she had with them? Can she tell us?
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