Forma Futura Invest, based in Zurich, Switzerland, has joined the European network for shareholder engagement SfC – Shareholders for Change. The network, that was created in December 2017, has now 10 members with more than € 23bn assets under management (AUM). Forma Futura, is an independent asset manager mostly dedicated to private and institutional investors[…]

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Paris, 5 December 2018 SfC – Shareholders for Change has launched the report “Bad Connection” during its annual winter meeting in Paris, today. The report exposes the general lack of tax transparency in the European telecommunications sector. «Except for Vodafone, no major telecommunications group in Europe publishes country-by-country data, as recommended by the OECD in[…]

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On 18 May 2018, Meeschaert Asset Management, on behalf of SfC, attended the AGM of the French electric utility Engie (formerly GDF Suez). SfC sent a number of questions on Engie’s alleged aggressive tax planning before the meeting. «We have asked which measures have been put in place to respond to current charges of aggressive[…]

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On 10 May 2018, Fondazione Finanza Etica (FFE), on behalf of SfC, attended the AGM of the Italian oil giant Eni. FFE voted with the French investors Ecofi Investissements and Meeschaert Asset Management, founding members of SfC, which hold approximately 150,000 Eni shares in total. In its interventions, and in the 60 questions sent before[…]

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On 8 May 2018, Fondazione Finanza Etica (FFE) and Bank für Kirche and Caritas, on behalf of SfC – Shareholders for Change, attended the annual general meeting of Rheinmetall, a leading German defence company. SfC’s interventions criticised the export of bombs from Sardinia to Saudi Arabia by the Italian subsidiary RWM Italia SpA. «The bombs[…]

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On 19 April 2018, Fondazione Finanza Etica (FFE), on behalf of SfC – Shareholder for Change, attended the AGM of Generali, a leading European insurance group. Simone Siliani, director of FFE, asked questions on the financial statements and the remuneration plan. SfC criticised Generali’s divestment from coal, announced in February, for not going far enough.[…]

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