As part of its ‘Keep it in the ground’ campaign – aimed at persuading the world’s two biggest charitable funds (the Bill and Melinda Gates Foundation and the Wellcome Trust) to divest from fossil fuels – the Guardian recently published an article by financial journalist Felix Salmon as to why charitable trusts might be able to offer good short-term reasons for not following this particular course of action.
On Wednesday 11 March, Rathbone Greenbank Investments and key partners hosted a parliamentary debate to provide further impetus for the Modern Slavery Bill as it enters its final phases.
“Our employees are our greatest asset.”
We often hear this phrase, and variations on it, from CEOs or see it written in companies’ annual reports. But what does it mean in practice?
The welfare of farm animals has long been a concern for ethical investors. Rathbone Greenbank has sought to implement clients’ concerns on the ethical treatment of animals ever since it started offering an ethical investment service. However, in recent years, it has been gaining momentum as an investment issue in its own right.
Climate change and the threats it poses to society are priority issues for responsible investors in the energy sector. Since 2011, Rathbone Greenbank Investments has been part of a coalition of investors engaging with the top ten carbon emitters in the FTSE 100.
On 2 December 2014, Matt Crossman (Rathbone Greenbank’s lead researcher on corporate engagement), participated in a panel discussion as part of a high-profile seminar on business best practice in the context of transparent supply chains, ethical sourcing and staff training.
Taxation is a matter of social justice – paying a ‘fair’ share; it is also one of risk, linked to reputational damage, the impact of changing regulation and uncertainty around future profits.
There is now almost unanimous scientific consensus that human activity has been the dominant cause of climate change since the 1950s. A growing body of evidence links activities such as deforestation and the burning of fossil fuels to the impacts of climate change including global warming, rising sea levels, increased incidence of extreme weather events, loss of biodiversity and reduced crop yields. In turn, these effects are expected to bring about societal pressures as populations migrate, wealth distribution is affected and the likelihood of conflict is increased.
Investors with a total of £940billion in assets under management are backing the Government’s recent commitment to include proportionate supply chain reporting requirements in the Modern Slavery Bill.