Thanks to the succesful engagement, Carrefour will publish Scope 3 emissions data in the universal registration document and establish an action plan concerning emissions from franchised shops Shareholders for Change member Phitrust federated fellow member Ecofi and 9 other shareholders, representing 1.1% of Carrefour’s capital. Together, they had an item placed on the agenda regarding the climate[…]
Photo: ICAN | Aude Catimel SfC member Etica Sgr seeks signatories for Nuclear Weapons Abolition Pledge In June 2022, SfC’s member Etica Sgr took part in the first meeting of states parties to the Treaty on the Prohibition of Nuclear Weapons (TPNW), where it presented a statement signed by more than 30 investors and[…]
Catastrophe bonds (CAT bonds) transfer part of the risk of natural disasters assumed by insurance companies to the capital markets. As a result, CAT bonds can have a certain positive effect from a sustainability perspective. However, for this sustainability contribution, the condition must be fulfilled that the insurance policies underlying the CAT bonds cover sustainable insurance purposes such as[…]
Significant success of Ethius’ engagement on Intel Chipmaking heavyweight Intel is ending production of its bitcoin mining chip series, the company said in a statement to CoinDesk on 18 April. “As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel Blockscale 1000 Series ASIC [application specific integrated circuit] while we continue to support[…]
ClientEarth yesterday filed a world-first lawsuit against the Board of Directors of Shell for failing to manage the material and foreseeable risks posed to the company by climate change. The lawsuit alleges Shell’s 11 directors have breached their legal duties under the UK Companies Act by failing to adopt and implement an energy transition[…]
Will 2023 see the acceleration of ‘engagement washing’? High-profile coalitions such as Nature Action 100+ have been launched in recent months, but some are concerned that engagement is becoming a ‘fig leaf’ to excuse investments in companies facing too high barriers to exit, reported Siri Christiansen on CityWire in December 2022. The latest Climate[…]
Five questions to Andrea Baranes, senior analist at Fondazione Finanza Etica, Italian member of SfC. On 12 October, SfC’s founding member Fondazione Finanza Etica presented the “Fifth Report on Ethical and Value-Based Finance in Europe” at the European Parliament in Brussels. A session was dedicated to the measurement and disclosure of GHG emissions associated[…]
Many SfC members are engaging companies on the risk of Uyghur Forced Labor in global supply chains. Isotope (and DNA) analysis could be a new issue on which to engage the textile industry. A comprehensive shareholder engagement campaign targeting companies potentially exposed (directly or indirectly) to human rights abuses in the Uyghur Region, in[…]
Five questions to Julius van Sambeck, managing director of Ethius Invest, Swiss member of SfC. Julius, why did you decide to engage Intel on crypto-mining? Within the scope of the current Crypto-Investment Boom, the most overlooked companies in the space (from a sustainability point of view) are those delivering the “shovels” and providing for[…]
SfC German member Bank für Kirche und Caritas (BKC) concludes two-year engagement dialogue successfully Namibia officially becomes the 184th state to join the UN Biological Weapons Convention, which has been in place since 1971. Bank für Kirche und Caritas, German founding member of SfC, has been in close exchange with several high-ranking Namibian State[…]