norwegian fund rheinmetall

In May 2020, 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 (GPFG or Government Pension Fund Global). They called on the Fund to reconsider its investment in the German defence group Rheinmetall, involved[…]

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Just Transition Strategy

Five questions to Colin Baines, Friends Provident Foundation   Colin, what does “Just Transition” mean?  Our programme of engagement with the energy utilities sector is calling for formal Just Transition strategies to accompany net zero targets and transition plans. A ‘Just Transition’ ensures that social issues are taken into account in moving to a low[…]

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Say on Climate

We asked this question to the SfC members who have been involved in the project during the AGM Season 2021.   Mauro Meggiolaro, Fondazione Finanza Etica  “We evaluated the decarbonisation plans of Eni, Shell and Total. All three are still vague and concentrate most decarbonisation efforts after 2030. How can the majority of shareholders be[…]

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Say on climate

Between April and May 2021, SfC’s members Ethos Foundation, Meeschaert Asset Management and Fondazione Finanza Etica engaged a total of six companies on their respective decarbonisation plans as part of the ‘Say on Climate’ initiative. The basic idea of the ‘Say on Climate’ concept is for companies to put their climate transition plans to an advisory shareholder vote. A climate[…]

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human rights

SfC engagement will now escalate to AGM   «We strictly adhere to the principles, guidelines and policies of the German government for any kind of production or export [of weapons].». This was the answer of the German corporation ThyssenKrupp to the questions of a number of investors, led by SfC – Shareholders for Change, asking[…]

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global response to covid-19

Three questions to Aurélie Baudhuin, president of SfC-Shareholders for Change   On 23 February, Shareholders for Change has co-signed a global investor statement in support of an effective, fair and equitable global response to Covid-19, including through fully financing the “ACT Accelerator partnership”, launched by WHO and partners. The about 150 institutional investors who signed[…]

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say on climate

  Institutional investors have a fiduciary duty to take climate risks into account when constructing and managing their portfolios. They therefore expect climate change to be an integral part of the governance and strategy of the companies in which they are invested. It is in this respect that some shareholders now demand that companies prepare[…]

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SfC-Shareholders for Change is a good practice for German Government!

Today February 25th 2021, the German government’s Sustainable Finance Advisory Council presented its final report “Shifting the trillions. A sustainable financial system for the great transformation“. The report, that includes 31 recommendations, shows how capital markets can contribute to sustainable development in the best possible way. One of the recommendations (number 31) refers to the[…]

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Shareholders for Change welcomes SANSO IS as new member

Shareholders for Change welcomes SANSO IS as new member   SANSO Investment Solutions, French independent boutique dedicated to responsible investment has joined the European network for shareholder engagement Shareholders for Change (SfC). The network, created in December 2017, has now 12 members with € 30bn assets under management (AUM). “By welcoming Sanso IS, SfC confirms[…]

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SfC engages Hannover RE on climate related issues

“A good start but, after coal, it’s time to extend commitment to the oil sector”   On 2 December, during their winter meeting, SfC members engaged the reinsurance company Hannover RE on climate related issues in a video-call. The engagement session was part of a wider programme of training on how sustainability in the reinsurance[…]

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