Aggressive tax planning

Aggressive tax planning. SfC publishes a report on its engagement with European telecommunication companies   The SfC-Shareholders for Change network has published a report on its engagement with European telecommunication companies today, during its online summer meeting. The engagement, that lasted 18 months, has been focussed on tax related issues, following the publication of SfC[…]

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donation to tax justice network

SfC made a donation to Tax Justice Network after hosting a seminar of its expert Tommaso Faccio   In a seminar that was held in Madrid last December, Tommaso Faccio, researcher in the field of corporation tax at the Nottingham University and co-founder of Tax Justice Italia, explained to SfC members how the most recurrent[…]

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A climate resolution at Total agm

On Friday, June 29, French oil&gas giant Total was pleased that its shareholders rejected a resolution that had been submitted to its AGM against the advice of its Board of Directors. Put on the agenda by eleven investors representing ca. 1.36% of the company’s share capital, including SfC members Meeschaert AM, as lead filer, Ecofi[…]

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institutional investors ask the Norwegian fund to divest from Rheinmetall

A group of institutional investors and NGOs, led by SfC, ask the Norwegian fund to divest from Rheinmetall 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 on the[…]

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Namibia and biological weapons

With a letter to the UN Namibian ambassador, BKC and SfC engage asked the African country to ratify the biological weapons convention. The engagement is done also on behalf of SfC.   In January Bank für Kirche und Caritas (BKC), founding member of SfC – Shareholders for Change,  has started to engage the Namibian government,[…]

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Forma Futura leads SfC engagement on Skanska and other companies

Forma Futura leads SfC engagement on Johnson Controls, Becton Dickinson, Ericsson and others   The Zurich based Forma Futura Invest, one of the three Swiss members of SfC – Shareholders for Change, will send letters to seven companies in March, asking for clarification on a number of controversial cases. This will be done also on[…]

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Ecofi launches a new SfC engagement with Orange

A new engagement process with Orange has been launched by SfC’s founding member Ecofi Investissements in October.   Alleged anti-competitive practices, alleged controversies in the relation with customers in Africa and Poland as well as the restructuring process, back in 2008, accompanied by an anomalous number of suicides among the company’s employees, that has recently[…]

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Fundació Finanza Éticas engages Endesa

Fundación Finanzas Éticas, founding member of SfC – Shareholders for Change is engaging the Spanish power company Endesa on energy poverty   On 15 April 2019, Fundación Finanzas Éticas (on behalf of SfC – Shareholders for Change, of which it is one of the seven founding members), Greenpeace Spain and IIDMA (International Institute for Law[…]

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Rheinmetall engagement

On 31 July, the Italian government has suspended Rheinmetall bomb export licenses to Saudi Arabia and United Arab Emirates, involved in the Yemen war, for 18 months.   The company’s Italian subsidiary, RWM Italia, produces bombs that are exported to Saudi Arabia and used to bomb Yemen, in a war which has no legitimacy under[…]

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A report by the European network for shareholder engagement “SfC – Shareholders for Change” lists twelve companies potentially exposed to risks linked to the extraction and use of rare metals, that are strategic for the transition to a low carbon economy.   They are called Yttrium, Lanthanum, Praseodymium, Neodymium, Terbium, Cerium and the list does[…]

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