ESG funds hold US$13.4bil stake in Myanmar military suppliers: report

Myanmar has been under military rule for a little more than a year, after armed forces ousted the democratically elected government. - Reuters

YANGON (Bloomberg): Hundreds of ESG funds run by some of the world’s biggest money managers have a combined US$13.4 billion stake in companies that supply weapons and technology to the Myanmar military, according to a report.

The funds, which say they take into account environmental, social and governance risks, have investments across 33 companies that the United Nations and two advocacy groups say provided weapons, communications and technologies to the military, Inclusive Development International and ALTSEAN-Burma said in a report released Wednesday (March 9).