Erste Asset Management Investment Blog
Alcohol
Alcohol

Alcohol

ERSTE RESPONSIBLE RETURN - The ESG Letter on Environmental, Social and Governance issues

DOSSIER POSTS

Alcohol producers against excessive consumption – Engagement
Alcohol producers against excessive consumption – Engagement
© iStock

Alcohol producers against excessive consumption – Engagement

Alcohol enjoys a special privilege. No other drug is as socially accepted. This also manifests itself in the special status it is invested with by law: while cannabis – a market whose legal side is estimated to grow from USD 9.5bn in 2017 to USD 32bn by 2020 – is legal in only a handful of states, tobacco is subject to ever-more stringent regulations. By comparison, alcohol producers are relatively free to pursue their business.