Category: Uncategorized
By Richie Unterberger
If you have socially responsible investments, there are too many reasons to cheer the incoming Joe Biden administration to fit into one paragraph. Obviously there will be much more commitment to promoting sustainability and alleviating the destructive effects of climate change. Fighting systemic racial injustice will also be a priority.
Yet Biden and Congress will also...
Fossil Fuel Divestment
Written by admin on . Posted in Uncategorized.
By Richie Unterberger
Fossil fuel divestmentâsometimes called fossil-free investment, to put a more positive spin on the conceptâis the most rapidly expanding movement within socially responsible investing. Compared to SRI pillars like screens for companies involved in weaponry, tobacco, and human rights abuses, going fossil-free is a bit of a latecomer to the game. But according to gofossilfree.org,...
Shareholders Unite: The Financial Choice Actâs Threat to Shareholder Activism
Written by admin on . Posted in Uncategorized. Leave a Comment
To file a shareholder resolution pressuring corporations to be more socially responsible, you need to own just $2,000 of stock in the company. Imagine, however, if you suddenly needed to own $2 billion â or even more. Shareholder activism would nearly grind to a halt. It might even get wiped out altogether.
Thatâs the scenario we face if the Financial Choice Act of 2017 passes Congress. Section...