Hundreds of ESG funds run by some of the world’s biggest money managers have a combined $13.4 billion stake in companies that supply weapons and technology to the Myanmar military, reports Yahoo!finance.
A new report by Inclusive Development International and ALTSEAN-Burma found 344 funds that had links with the military as of November. The funds, which say they take into account environmental, social and governance risks, have investments across 33 companies that Burma Campaign UK, Justice for Myanmar and the UN say provided weapons, communications and technologies to the military.