Engagement Report 2021

Joint shareholder engagement with 105 companies. Focus on climate change, human rights and tax transparency.   Aurélie Baudhuin, president of SfC: «In 2021 we continued to be a driver of innovation in the engagement with companies, governments and asset managers. SfC confirms itself as a boutique for all-round engagement» SfC – Shareholders for Change, European[…]

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gas nuclear

Florence, 15 November 2021   A proposal to bring both nuclear power and natural gas into the EU’s green finance taxonomy is circulating in Brussels, according to media sources. The so-called “non-paper” lays out detailed technical criteria for gas to qualify as a transitional activity under the EU’s sustainable finance rules. Mauro Meggiolaro, coordinator of the European investor network SfC –[…]

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Ethius

Ethius Invest, based in Lucerne, Switzerland, has joined the European network for shareholder engagement SfC – Shareholders for Change in October 2021. Ethius Invest is an independent asset management company, founded in 2018 and completely dedicated to socially responsible investments. “Entering the SfC network is a natural step for us: sustainable investing is part of[…]

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deforestation

On 16 September 2021, after collecting international best practices in the fight against deforestation, SfC Swiss member Ethos has published an Engagement Paper to initially engage seven multinational companies particularly exposed to deforestation risks. “We want to encourage companies to implement concrete and targeted measures to stop the destruction of forests”, says Matthias Narr, Head[…]

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Namibia

Five questions to Tommy Piemonte, head of sustainability research at Bank für Kirche und Caritas (BKC), founding member of SfC   Tommy, in 2020, for the first time your bank has decided to engage with a State, Namibia. Why? Namibia is one of the 14 UN member states that have not yet joined or ratified[…]

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rare matelas

SfC members are satisfied with companies’ responses. But structural problems will have to be addressed soon.   The energy transition cannot happen without rare metals and rare earths. However, they are often extracted in countries at high risk of environmental and human rights violations, such as China or the Democratic Republic of Congo, as evidenced[…]

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norwegian fund rheinmetall

In May 2020, a group of European institutional investors and NGOs, led by SfC – Shareholders for Change’s founding members Bank für Kirche und Caritas (BKC) and Fondazione Finanza Etica, sent a letter to the Norwegian pension fund (GPFG or Government Pension Fund Global). They called on the Fund to reconsider its investment in the German defence group Rheinmetall, involved[…]

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Just Transition Strategy

Five questions to Colin Baines, Friends Provident Foundation   Colin, what does “Just Transition” mean?  Our programme of engagement with the energy utilities sector is calling for formal Just Transition strategies to accompany net zero targets and transition plans. A ‘Just Transition’ ensures that social issues are taken into account in moving to a low[…]

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Say on Climate

We asked this question to the SfC members who have been involved in the project during the AGM Season 2021.   Mauro Meggiolaro, Fondazione Finanza Etica  “We evaluated the decarbonisation plans of Eni, Shell and Total. All three are still vague and concentrate most decarbonisation efforts after 2030. How can the majority of shareholders be[…]

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Say on climate

Between April and May 2021, SfC’s members Ethos Foundation, Meeschaert Asset Management and Fondazione Finanza Etica engaged a total of six companies on their respective decarbonisation plans as part of the ‘Say on Climate’ initiative. The basic idea of the ‘Say on Climate’ concept is for companies to put their climate transition plans to an advisory shareholder vote. A climate[…]

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