The Finnish parliament will no longer carry Pepsi products as the American soft drink giant continues to support the Russian economy by continuing its operations in the aggressor country, Finnish news outlet Yle reported on Sept. 5, citing the manager of the parliament’s restaurant.
I largely agree with what your saying but this part is ridiculous. The Finnish parliament has no obligations to serve/sell Pepsi. It’s not an investment it was literally having the drink available. That’s not at all comparable to the fiduciary duty of a pension fund.
Sure, but now tell me how the richest pension fund in the world, currently valued in the trillions, has such fiduciary obligation that it can’t divest ~$300 million of Russian investments.
Make it make sense.
Did you miss the first few words I wrote?
I did not. Happy to help!
My original comment (to which you responded) regarding the obligations of Pepsi Co were highlighting a critical comparison between a corporate drinks manufacturer and the pension fund. The Finnish Parliament can do what they like. If they’re doing it because Pepsi Co hasn’t fully pulled out of Russia, and thus Pepsi deserves to be shunned, what does Norway deserve?
If action is mandated for entities that don’t divest from Russia, then it must equally be applicable to all entities where this is true. Otherwise, hypocrisy.