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[…]
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[…]
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[…]
Alternative Bank Schweiz, based in Olten, Switzerland, has joined the European network for shareholder engagement SfC – Shareholders for Change on 21 June 2019. The network, that was created in December 2017, has now 11 members investing in more than €23bn and representing about €140bn assets under management. Founded in 1990, ABS is owned by more than 6,700[…]
On Thursday, 24 May 2019, Meeschaert AM and SfC – Shareholders for Change have organised the conference “Europe and finance in action” in Paris. On this occasion, a study on the sustainability of rare metal supply chains has been released. The study identifies potential controversies in the sourcing of rare earth metals by European companies[…]
Bank für Kirche und Caritas (BKC), a founding member of SfC, continued the engagement dialogue with the investment manager of the Plenum CAT (catastrophe) Bond Fund. The asset class of catastrophe bonds transfers a part of the risk of catastrophes from governments and people directly to capital markets. It hence provides disaster risk capital to[…]
Ethos Foundation, which joined SfC – Shareholders for Change in December 2018, has been asked by the 137 members of the Ethos Engagement Pool Switzerland to include the issue of corporate tax responsibility into its engagement program with companies. In September 2018, in response to the request, Ethos published an Engagement Paper that summarises its[…]
New members, new board and engagement strategies for 2019 Two new ordinary members – Ethos Foundation and Friends Provident Foundation – have officially joined SfC during the winter meeting in Paris last December (2018). The focus of the meeting clearly lay in discussing the engagement plans of all members for the AGM season 2019[…]
The report compares the performances of the 23 European ethical and sustainable banks with those of the 15 European “systemic” banks as listed by the European Banking Authority (EBA). The survey’s results leave no doubt: in the last 10 years – while systemic banks were hardly trying to recover from the 2008 financial crisis –[…]
The AGM season 2019 will most likely be characterised by climate related resolutions again. As reported by Responsible Investor on February 1st, oil giant BP is negotiating a shareholder resolution with investors from Climate Action 100+ (CA 100+) but it could face another, similar proposal by Follow This, the Dutch responsible shareholder group known for[…]