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[…]
Joint shareholder engagement with 142 companies. Focus on climate change, human rights and ESG policies. SfC – Shareholders for Change, European network for investor engagement founded in 2017, released its engagement report 2022 today. In 2022, the 15 members of the network, with a total of over €35bn AUM, jointly engaged 142 companies and[…]
WHEB Asset Management, based in London, UK, has joined the European network for shareholder engagement SfC – Shareholders for Change in April 2023. WHEB is an independent asset management company, created in 2009. It draws its roots from deep within the ethical and socially-responsible investment movement and is exclusively dedicated to sustainable and impact[…]
GLS Investment Management GmbH, the fund subsidiary of GLS Bank has joined Shareholders for Change. Our network has now 16 members located all across Europe, with ca. €35bn in assets under management. “We are very much looking forward to the collaboration. We share the same values and have already been working together trustfully in[…]
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[…]
Inyova, a digital impact investing platform with offices in Zurich and Frankfurt, joined SfC – Shareholders for Change in December 2022. Founded in Switzerland in 2017, Inyova expanded into Germany in 2021 and is fully licensed for all European markets. The company manages over EUR 170m in assets. Inyova stands for “Invest in your[…]
SfC’s new member Phitrust is specialised in engaging French companies, especially on governance issues, through shareholder resolutions. It has filed 50 resolutions in France since 2000. The most recent successes were achieved in 2022 with Danone and Stellantis, as explained in this interview. Denis, what distinguishes Phitrust’s approach to engagement with companies? We are[…]
The winter meeting of Shareholders for Change was held last December online. The network welcomed two new members, a new chairman and presented new engagement initiatives. The Winter Meeting of the European shareholder engagement network SfC-Shareholders for Change was held in early December 2022. The meeting took place, entirely online, over two days. The[…]