LONDON (Reuters] – British pensions provider Scottish Widows announced Monday that it would no longer invest tobacco stocks and would reduce coal investments in its Responsible Investment Strategy.

Scottish Widows (part of Lloyds Banking Group) stated that the addition to 1.5 billion pounds ($2billion) increased its exclusions. This brought total divestments by firms considered to pose a risk to the pension provider’s goals in terms of environmental, social, and governance (ESG) to three billion pounds.

It stated that it wouldn’t invest in any tobacco-related company.

“Industries like tobacco face a severe risk of becoming unstable assets as they are under intense pressure from investors and regulators, and continue to fail to adequately address the social impact of their products, within their supply chains,” Maria Nazarova Doyle, head of responsible investment and pensions at Scottish Widows, said.

Scottish Widows has assets of 190 billion pounds and said that it will lower the investment threshold in companies extracting thermal coal or tar sands (the dirtiest fossil fuels) to 5% from 10%.

Similar moves were made by other financial institutions, such as Credit Agricole. Aviva (LON:).

Investors and insurance companies such as Swiss Re have been increasing their tolerance for fossil fuels. This is in response to firms’ increased focus on sustainable investment.

($1 = 0.7582 pounds)