On Tuesday 19 May, shareholders at Royal Dutch Shell’s annual general meeting backed calls for improved disclosure on carbon asset risk by casting 98.91% of votes in favour of a shareholder resolution.
On Thursday 16 April, a shareholder resolution on climate risk – co-filed with the help of many Rathbone Greenbank clients – received overwhelming support at BP’s AGM with 98% of all votes cast supporting the resolution at the recommendation of the group’s board of directors.
Climate change represents one of the greatest social, environmental and economic challenges that the world has ever faced. However, despite the very real dangers it presents, the international response to date has been slow and largely ineffective.
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.