Financing the Tobacco Industry

Despite the human, societal and environmental disaster that the tobacco industry represents, it continues to benefit from financial support to continue its activities, including from French institutions. Profundo conducted financial research for Alliance Contre le Tabac revealing that since 2018, more than $ 5 billion in loans have been granted by French banks to tobacco companies. In terms of investments, as of November 2023, there was still $ 733 million invested in this sector by domestic financial institutions. These amounts come directly from actors who publicly committed to stop all tobacco financing a few years ago.