We are a European network for shareholder engagement
The Shareholders for Change network (SFC) is a group of institutional investors involved in active engagement with corporations to enhance a sustainable development as an essential element of their role as bond – and shareholders.
In addition SFC will engage with institutions, proxy advisors, associations and other public or private organisations to support the development of sustainable financial markets and a global economy aligned with the Sustainable Development Goals (SDG) Framework.
All human beings are born free and equal in dignity and rights (Universal Declaration of Human Rights, Art. 1). Everyone is entitled to all the rights and freedoms set forth in the Universal Declaration of Human Rights, without distinction of any kind (Art. 2)
Access to capital and credit should be responsibly granted to all individuals, particularly those most in need, through varied instruments such as microcredit and other mechanism.
The enjoyment of the highest attainable standard of health is one of the fundamental rights of every human being without distinction of race, religion, political belief, economic or social condition (WHO Constitution, 1946).
PEACE AND SECURITY
Disarmament and arms limitation are essential to enhancing international peace and security, as well as for the economic and social advancement of all peoples.
Economic development shall be pursued by meeting the needs of the present without compromising the ability of future generations to meet their own needs (Burtland Report, 1987).
ANIMALS AND BIOLOGICAL DIVERSITY
Animals are “sentient beings”, therefore animal welfare should not be infringed unless necessary for the well-being of human life.
Biological diversity has an intrinsic value and its conservation is a common concern of mankind (UN Convention on Biological Diversity, 1992).
Environmental decision-making should be participatory, with environmental justice at the basis of all actions. Environmental information must be accessible to all (Aarhus Convention, 1998).
Change in the Earth’s climate and its adverse effects are a common concern of humankind and are largely a consequence of human activities (UN Convention on Climate Change, 1992).
Effective and sustainable shareholder engagement is one of the cornerstones of the corporate governance model for public companies, with best practice developed through checks and balances among stakeholders.
Greater involvement of shareholders in corporate governance is one of the evers that improves the financial and non-financial performance of companies, particularly with regard to environmental, social and governance factors.
Civil society and other organisations and stakeholders, such as ethical rating agencies, regulators, etc., are essential partners of the network’s engagement activities, providing critical oversight and scrutiny when challenging controversial corporate practices.
Addressing inequality through the promotion and implementation of tax justice is a precondition to tackling inequality and poverty.
STANDARDS FOR CORPORATE PRACTICES
Transparency and disclosure practices, particularly social, environmental and governance issues, are essential elements for companies seeking to develop positive relations with their investors and other stakeholders.
Legal and regulatory compliance, with the letter and spirit of rules, is a minimum standard for all corporate practices.
Enterprises should contribute to economic, environmental and social progress with a view to achieving sustainable development and respect for human rights (OECD Guidelines for Multinational Enterprises, 2011).
SfC organises collaborative participation in European companies’ Annual General Meetings (AGMs) as well as coordinated voting or submission of questions to their boards and managements.
Our main issues:
We coordinate dialogue with companies’ management by organising meetings and preparing letters and case studies. We promote dialogue and cooperation between organisation and movements of civil society and Sfc, with a view to improving the impact of the active and critical engagement activities.
SfC promotes dialogue and cooperation between organisations and stakeholders of the financial markets, such as ethical rating agencies, regulators, etc. in providing critical oversight and scrutiny when challenging controversial corporate practices and to improve aspects of sustainable financial market.
Paris, 5 December 2018 SfC – Shareholders for Change has launched the report “Bad Connection” during its annual winter meeting in Paris, today. The report exposes the general lack of[…]
On 18 May 2018, Meeschaert Asset Management, on behalf of SfC, attended the AGM of the French electric utility Engie (formerly GDF Suez). SfC sent a number of questions on[…]
On 10 May 2018, Fondazione Finanza Etica (FFE), on behalf of SfC, attended the AGM of the Italian oil giant Eni. FFE voted with the French investors Ecofi Investissements and[…]
On 8 May 2018, Fondazione Finanza Etica (FFE) and Bank für Kirche and Caritas, on behalf of SfC – Shareholders for Change, attended the annual general meeting of Rheinmetall, a[…]
On 19 April 2018, Fondazione Finanza Etica (FFE), on behalf of SfC – Shareholder for Change, attended the AGM of Generali, a leading European insurance group. Simone Siliani, director of[…]
The 7 founding members, for a total of over €22bn AUM, are:
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