@elonmusk @pegobry @pmarca Agree, but also there is still a lot passive investors can do in terms of voting and engaging with companies to promote ESG - even if they can't divest as easily. They're not off the hook.
📢 A €2.18 trillion investor coalition coordinated by @EthosFund & @ShareAction has filed a shareholder resolution on climate change at top fossil fuel financier @CreditSuisse
THREAD 👇
https://t.co/qn57lwqQSB
.@CFraserBBC The Context is great. But to improve it further, it needs a more diversified interview lineup from outside the UK and America. Also an additional 15-30 mins of airtime to properly cover the crisis.
Study "🇱🇺's Financial Centre & its #HumanRightsPolicies" presents 4 case studies that show the socio-economic interdependence between the Luxembourg financial centre and the Global South, and demonstrate that voluntary commitments are insufficient to prevent #HumanRightsImpacts!
It was a pleasure speaking with @danmikulskis and Mary Spencer about our latest research on #proxyvoting - asset managers have huge potential to influence but aren’t using it enough!
Before: Banks hire tech as "back office" and pay them 10x less than "front office". Now: Tech staff leaves bank, starts a #fintech and charges banks 10x more than front office. #SaaS#startups#softwaredevelopment
“Power not used is power abused,” Catherine Howarth of ShareAction told Moral Money. “The world is entitled to expect better of institutions that control this share of the votes.”
Coverage in the @FT of our #VotingMatters report
https://t.co/Jk2Ep4Cmm6
https://t.co/UQpK4WkIvU
New data from @ShareAction on asset managers' proxy voting shows the outsized influence of the Big Three asset managers.
18 more #ESG resolutions would have passed the 50% support mark if @BlackRock@Vanguard_Group or @StateStreet had voted in favour. https://t.co/RlDnII2UUG
2 new roles available @ShareAction!
>> Do you want to help hold financial institutions to account for their impact on ppl & planet?👫🌎
>> Do you have great research skills & passion for responsible investment? 🤓💰
Then we'd love to hear from you! 😍 >> https://t.co/SzTrCJrMd5
The CEO of @StanChart said “We can’t have simple edicts like: No more fossil fuels. It’s just not practical”
You know what is "not practical"?
* Catastrophic flooding
* Record-breaking heatwaves & wildfires
* Crossing tipping points
👆 You get my point
https://t.co/Rc6U36swK2
Big European Banks & Net Zero:
20/25 have committed to NZ
8/25 have interim targets
3/25 are to halve financed emissions by 2030
1/25 include capital market underwriting in targets (c. 65% of FF financing)
A lot of work to do! @ShareAction report:
https://t.co/E18YZWs6NK
New @ShareAction report identifies @AXA, @Allianz and @Avivaplc as top players on climate, biodiversity and human rights. Flops include @AIGinsurance, @Chubb, @Travelers, @Talanx_en, @TokioMarine. Check out the full ranking at https://t.co/X6zaOuYaYr
NEW REPORT: Despite the industry's focus on risk, the world’s largest insurance companies are largely failing to assess the impact of climate change & biodiversity on their portfolios.
Read @ShareAction’s latest assessment here >> https://t.co/YIDDXmxRwu #InsuringDisaster
Feeling very inspired by this incredible campaign victory for @ShareAction today - led by the brilliant @JeanneMartin25!
What a journey since @ca_howarth, @soniah1991 & I were meeting the then CEO on the top-floor of 8 Canada Square, following an AGM intervention...
Climate risks are now widely understood to be systemic & financially material – yet asset managers worth over $22 trn still make no mention of #ClimateChange in their investment policies. New @ShareAction research OUT TODAY: https://t.co/GtvklpmBxJ #ResponsibleInvestment#ESG
.@GGKP_Finance warmly welcomes its newest partner @ShareAction – that mobilizes investors to take action to improve labour standards, tackle #ClimateChange & address pressing global health issue.
Welcome 👉 https://t.co/pQTgAs5Mpc
@ShareAction wrote an extensive report based on 20 of the largest #European banks’ responses to #climate#change. Read their report here 👉 https://t.co/51YtKQl2eN
“Only 35% of European banks claim to have Paris-aligned climate strategy.”
@ShareAction ranked 20 of the largest European #banks, based on their response to the #ClimateCrisis.
Read more 👉 https://t.co/kgbv1Ho83x