david janazzo, Author at Foundation for a Smoke-Free World

Tobacco Company Reports for First-Half 2021 Demonstrate Mixed Results

The first Tobacco Transformation Index™ found that a small group of tobacco companies made public commitments to harm reduction, but none have shifted their focus enough to ensure the accelerated decline of cigarettes and other high-risk products. A review of recently published first-half 2021 reports from six of the major tobacco companies indicates that reduced-risk […]

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Conflicting Signals in South Africa

Improper government policies related to tobacco can lead to increased consumption among the poor, erosion of tax revenues, and, worryingly, a surge in criminal activity that can be difficult to control. Recent articles have exposed inherent conflicts regarding smoking in South Africa. We view the signals there as being explosive, seriously underplayed in the media, […]

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EU Menthol Cigarette Ban Survey – Executive Summary

On May 20th of last year, the EU ban on the manufacture and sale of menthol cigarettes went into effect for the Union’s 27 member countries. This regulatory move was predicated on the view that such a ban would discourage people from starting smoking or encourage existing smokers to quit—thus contributing to general public health. […]

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Tobacco Transformation Index: Progress and Next Steps

Launched in September of this year, the Tobacco Transformation Index is a comprehensive evaluation of the world’s 15 largest tobacco companies. The first tool of its kind, the Index documents companies’ sales, investments, and strategies related to the transition away from combustible cigarettes and other high-risk tobacco products—with the ultimate goal of accelerating the reduction […]

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Tobacco and ESG Exclusions – A Contrarian View

Tobacco is a sector for which it is common for investors to exclude or underweight the stocks. Anti-tobacco groups encourage this stance. For example, Tobacco Free Portfolios aims to reduce and ultimately eliminate all investment in tobacco. In this context, an underweight position holds an insufficient amount of a particular security compared to the weight of that […]

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