Shareholders Confront Inditex at AGM Inditex air freight emissions were at the centre of strong criticism during the company’s 2025 Annual General Meeting. On 15 July 2025, Fondazione Finanza Etica (FFE), the Italian member of Shareholders for Change (SfC), participated remotely in Inditex’s Annual General Meeting. During the meeting, FFE analyst Mauro Meggiolaro raised[…]
Our annual summer meeting took place in Bochum at the end of May. Kindly hosted by GLS Investment Management, the location itself set the perfect tone: as GLS Managing Director Karsten Kührlings highlighted, Bochum is a city that has undergone a profound transformation, moving from its coal mining past to its growing role as a hub for renewable[…]
Corporate tax avoidance costs governments hundreds of billions of euros annually, draining vital public resources from infrastructure, healthcare, and education. With the steady implementation of the OECD Pillar Two 15% global minimum tax and mandatory public country-by-country reporting across the EU, the financial and reputational stakes have never been higher. Companies relying on aggressive tax planning face direct regulatory[…]
During the summer meeting in Bochum, SfC members had the opportunity to take part in a live engagement session with Befesa, a global leader in steel dust and aluminium recycling. The discussion was held with Thomas Rosenke from Befesa’s Investor Relations team. SfC members engaged directly with the company on its climate strategy, energy consumption, and emissions reduction targets. The[…]
We are happy to share that Steyler Ethik Bank has joined Shareholders for Change. Our network has now 20 members located all across Europe, with ca. €45bn in assets under management. Steyler Ethik Bank offers fair and sustainable financial services. Founded in 1964 by the Catholic congregation of the Steyler Missionaries (SVD), the bank is[…]
Between 2016 and 2022, Swiss Re allegedly insured over 659,000 hectares of agricultural land in Brazil that had either been illegally deforested or overlapped with territories partially allocated to indigenous communities. The case, first revealed by investigative journalists in 2023, raised serious concerns about human rights, biodiversity loss and land conflicts. Following further reported cases in 2024, SfC members Forma Futura, Ethius[…]
Last week, Lars von Danwitz spoke on behalf of Ökoworld at the Annual General Meeting of Aurubis. The ongoing engagement is supported by SfC members Ethius and Ecofi as well. Aurubis is a key player in copper recycling, a critical raw material for the energy transition. At the same time, parts of its supply chain are under increased scrutiny following reports of[…]
Shareholders for Change released its Engagement Report 2025, covering the network’s activities throughout the 2025 AGM season. In 2025, the 20 members of the network, representing over €50bn in assets under management, carried out 258 engagement initiatives, engaging with 223 companies, 78% of them based in Europe. A defining feature of 2025 was the continued focus on so-called “Orphan[…]
We are happy to share that Triodos Investment Management, the fund subsidiary of Triodos Bank NV, has joined Shareholders for Change. Our network now brings together 20 members located all across Europe, with over €50bn in assets under management. Triodos IM connects a broad range of investors who want to make their money work for lasting, positive change with innovative entrepreneurs and[…]
As part of its international engagement activities, Shareholders for Change has signed a Memorandum of Understanding with the Interfaith Center on Corporate Responsibility (ICCR). Founded in 1971 by a coalition of religious institutional investors, the ICCR has become a long-standing actor in the socially responsible investing field, now representing over 300 global institutional investors coordinating shareholder engagement on social and[…]
Shareholders for Change (SfC), a European network of institutional investors committed to responsible and active ownership, expresses deep concern regarding the US Securities and Exchange Commission’s recent policy decision to allow companies to exclude shareholder proposals from proxy materials without obtaining the regulator’s prior substantive review or approval, in most cases. This shift marks a[…]