Data, EU, Policy and Regulation

In Charts: Tobacco in Article 9 and alcohol in Article 8

Pouring pint of beer in a pub
Article 8 funds have been gradually increasing their exposure to the alcohol sector over the past three years (Photo: Mark Marlow/EPA-EFE/Shutterstock)

The average exposure of Article 9 funds to tobacco products has grown, while Article 8 funds have steadily increased their holdings of alcohol assets

According to Morningstar data, there has been a spike in the average holding of tobacco by Article 9 funds since June 2023. Under the EU’s Sustainable ...

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