--Scottish Widows--the life insurance and pensions arm of Lloyds Banking Group PLC--will sell 440 million pounds ($578.7 million) of shares in companies that fail to meet its environmental, social and governance standards, the Financial Times reports.

--The FT says Scottish Widows will sell shares in companies that derive more than 10% of their revenues form thermal coal and tar sands, manufacturers of controversial weapons and violators of the UN Global Compact on human rights, labour, environment and corruption.

Full story: https://on.ft.com/2Ii4H8C

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

November 09, 2020 01:41 ET (06:41 GMT)

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