In the aftermath of last month’s mass shooting in Parkland, a student-led movement has arisen that is demanding a legislative response to the epidemic of gun violence in our country. The objective of publishing this statement is to communicate the importance this issue holds for investors and to challenge companies to reflect on how they can contribute positively to resolve gun violence.
Investors invited to join coalition on sustainable protein
FAIRR’s engagement with food retailers and multinational food companies on sustainable protein is entering its second phase. Currently backed by an investor coalition of over $2 trillion AUM, the engagement is calling on companies to think strategically about building sustainable protein supply chains to mitigate the investment risks linked to intensive farming. Companies are also being encouraged to profit from opportunities emerging from changing global consumer preferences and growing demand for plant-based proteins. To join the engagement or find out more, please contact Rosie Wardle by Monday 3 July 2017.
G7 and G20 urged to stand by Paris Climate Accord
The PRI, Ceres, IIGGC, IGCC and CDP are coordinating an investor letter organized as a response to US threats to withdraw from the Paris Climate Agreement. The letter, which will be sent to the G7 and G20 governments – calls for the implementation of the accord, policies to drive investment in the low-carbon transition and green investment, and implementation of the FSB Task Force recommendations.
Signatory investors include Amundi, Asia Investor Group on Climate Change, Aviva Investors, AXA Group, Caisse des Dépôts Groupe, ERAFP, Fonds de Réserve pour les Retraites, HSBC Global Asset Management, RobecoSAM and Schroders.
Join 216 investors representing US$15 trillion who have already signed. Deadline June 30, 2017.
For details on how to add your institution to this list, and instructions on how to review a copy of the letter, please visit: https://www.tfaforms.com/4612398
Bangladesh Investor Initiative
The Interfaith Center on Corporate Responsibility (ICCR) and Boston Common Asset Management invite IEN members to become signatories to an Investor Statement on the Bangladesh Accord for Fire and Building Safety . The 4th anniversary of the Rana Plaza building collapse provides investors the opportunity to positively support actions on the ground:
- to remediate safety hazards that remain and
- to support the continuation of worker safety trainings to build a proactive sustainable presence in factories for the future.
The Accord for Fire and Building Safety has made important strides to address the risk to garment factory workers in the 1,600 factories covered under the program. To complete the work however, requires the extension of the original 5-year agreement. In addition, the Alliance for Bangladesh Worker Safety needs to complete remediation of all outstanding issues identified in its inspections and publicly report on progress so that investors and other stakeholders are informed.
Since May of 2013 ICCR’s Bangladesh Investor Initiative has shone a light on the safety crisis in the garment sector and has been one of the few initiatives to follow developments to identify and eradicate threats to worker safety over the four year period. Boston Common has supported this work through our meetings with trade unions, women’s organizations and NGOs in Bangladesh which we reported on in 2014 in our Quarterly Newsletter.
Action: We invite you all to join other investors including Boston Common in signing the statement. Please provide your information by filling out the online form here. The deadline is close of business, Friday, April 21st,2017.
ICCR will release the statement with signatories on the 4th anniversary, Monday, April 24th, 2017. We encourage you to post the statement to your website, circulate it to your networks and to send it to companies you have engaged on safety issues in Bangladesh, whether they are members of the Accord or the Alliance. We will also send the statement to the Accord Steering Committee and the Alliance Board of Directors.
Endowment signatories: Hampshire College
Sonen Capital and Pax World Management hope that you will join us in supporting a very important proposal currently being considered by the Equal Employment Opportunity Commission, (EEOC). The EEOC, in partnership with the Department of Labor, is proposing that all companies with over 100 employees annually collect summary pay data by gender, race, and ethnicity.
In the United States, the pay gap has not changed substantially over the last 15 years and is 2.5% greater than the OECD average. The typical woman receives 21% less pay than the typical man. The typical Hispanic woman earns 45% less, and the typical black woman earns 40% less, than the typical white man. Even when education, occupation, industry, and job title are held constant, studies have shown that the pay gap remains. Asking for the collection and sharing of pay gap data is a huge step in the right direction.
We hope that you will join us by submitting comments directly to the EEOC in support of the proposal. They will be accepted until April 1st, 2016. Instructions can be found here.
Please let us know if you would also be able to commit to contacting additional companies. If there is sufficient capacity to do so, it would be wonderful to expand the campaign beyond the S&P100.
Please let Meredith Benton of Sonen Capital, at firstname.lastname@example.org, or Heather Smith of Pax World Management LLC, at email@example.com, know if you would also be able to commit to contacting additional companies. If there is sufficient capacity to do so, it would be wonderful to expand the campaign beyond the S&P100. We hope you will be able to join us in this important initiative.
Endowments can sign the Global Investor Statement on Climate Change to express support for strong domestic and international climate and clean energy policies. The statement was originally launched at the UN Climate Summit in Sept. 2014, and will be re-launched with additional signatories ahead of the Paris climate negotiations in Dec. 2015. Read more...
- Endowment signatories: University of California, Hampshire College, Green Mountain College, Goddard College, Unity College, University of Dayton
Investors representing $1.5 trillion commend the White House’s proposal to reduce methane emissions from the oil and gas industry by at least 45 percent below 2012 levels by 2025.1 The announcement demonstrates a commitment to confront climate change, promote economic growth, transition to a renewable energy economy, and provide more regulatory clarity for the industry. Read more...
- Endowment signatories: Amherst College
Ceres’ Investor Network on Climate Risk (INCR) and the UN-supported Principles for Responsible Investment (PRI), in partnership with the UN Environment Programme Finance Initiative, are facilitating a global investor communication to the IOSCO Secretariat and its Executive Board, in order to draw attention to investors’ growing needs for timely, comparable and material disclosure of corporate sustainability information to inform their investment decisions. The deadline for signing is September 16, 2014.
The World Bank encourages organizations to state their support for a price on carbon. The Global Investors Coalition on Climate Change provides the reasoning for Why Investors Support a Price on Carbon. Colleges and universities interested in adding their support can read the statement and fill in this form to join those endorsing it.