A group of institutional investors and NGOs, led by SfC, ask the Norwegian fund to divest from Rheinmetall 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 on the[…]
With a letter to the UN Namibian ambassador, BKC and SfC engage asked the African country to ratify the biological weapons convention. The engagement is done also on behalf of SfC. In January Bank für Kirche und Caritas (BKC), founding member of SfC – Shareholders for Change, has started to engage the Namibian government,[…]
Forma Futura leads SfC engagement on Johnson Controls, Becton Dickinson, Ericsson and others The Zurich based Forma Futura Invest, one of the three Swiss members of SfC – Shareholders for Change, will send letters to seven companies in March, asking for clarification on a number of controversial cases. This will be done also on[…]
A new engagement process with Orange has been launched by SfC’s founding member Ecofi Investissements in October. Alleged anti-competitive practices, alleged controversies in the relation with customers in Africa and Poland as well as the restructuring process, back in 2008, accompanied by an anomalous number of suicides among the company’s employees, that has recently[…]
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[…]